best finance books for beginners

10 Best Finance Books for Beginners to Learn About money

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The best finance books for Beginners to learn about money.

Personal finance books have become an integral part of learning how to manage your money, especially for beginners.

The more you learn from reading financial books, the more your mindset starts to shift in a positive direction.

Your money mindset is what drives your spending and saving behavior. It’s the key element that can make or break your financial success. But, your mindset is like a muscle, it takes time to train and recondition in order to support your money goals.

To change your mindset, your circle of influence needs to change as well. That means you need to gain new perspectives, learn new information, and see things differently.

The best finances books for beginners do just that. They start you off from ground zero and help build your financial knowledge, one chapter at a time.

Reading finance books as a beginner helped me learn a ton about my money and how I was using it.

Spoiler alert, I was using my money all wrong.

Before reading any money books, I was an average spender and a mediocre saver. I bought things on impulse and wasted money on things that didn’t matter. I lived paycheck to paycheck.

It’s not about how much you make, but how much you spend

The more money I made, the more I spent and the paycheck-to-paycheck cycle never ended no matter what my take home salary was.

In fact, after 5 years of working in my career, I was making $16,000 more per year and instead of having more money saved, I actually had accumulated more debt.

#Truth

Say what?

You see, it doesn’t matter how much money you make, it matters how much money you spend and save. The latter two depend on  your mindset.

And your mindset? It depends on your perspective. This all comes down to the information you read and listen to.

When I started reading money books, I realized something that I never thought of before. And it changed EVERYTHING about how I thought of my money.

Money is a resource, just like water and food. And the way you choose to spend it affects every aspect of your life, either positively or negatively.

These are some of the best books for beginners

The books on my list aren’t here because they’re the most popular or the best sellers (although many of them are). These books are the ones that helped me get to where I am today. I’m currently debt-free and living my best life, without any more financial worries.

I learned from these books that I was finally able to stop the paycheck-to-paycheck lifestyle and actually grow my wealth.

After reading my first money book (listed as #1 below), I was able to save more money in a month than I did my entire adult life!

Saving money was something I always knew I should be doing, but never really knew how to do it well. It wasn’t something that came natural to me, because I was a natural spender.

Reading Books changed my Money habits

So, I turned to books for knowledge, advice, and a lot of perspective.

I read and researched for months before I understood how to become more frugal. Reading gave me the motivation I needed to make the commitment to do better with my money.

Hearing other people’s stories and their money successes inspired me to find my own success.

After reading my first financial book, I was hooked. It completely transformed my money mindset. It motivated me to start changing my money habits immediately and since then, my life has completely changed for the better.

10 of the Best finance books for beginners

Mindset Book for Beginners

1. The Millionaire Next Door

the millionaire next door

This was one of the best books I read as a beginner. It changed my life, quite literally. I decided to get the audio version and listened to it during my commute to work.

I was shocked to know that common millionaires are far from what I expected them to be. Most are first generation, work regular 9-5 jobs, and don’t own all the fancy cars and expensive brand name items.

What I was striving to be (or look like) was a version I made up in my head, based on society standards, not real-life millionaire standards.

The major takeaway from this books was that millionaires are not who we think they are.

And that alone made me rethink everything I was doing with my money.

Budget Beginners

2. Cut Your Grocery Bill in Half

cut your grocery bill in half

As a beginner in my financial journey, I tried to learn all I can about saving money.

I discovered that the easiest and fastest way to save money was with my grocery budget.

This book gave me all the tools and knowledge I needed to create a strategy that worked well for my family.

I learned how to make a meal plan, budget my grocery money, shop sales, stock up, and so much more.

In the first month, I literally cut my grocery budget in half. I’ve now consistently maintained my grocery budget for the last 8 years and I would never go back to the way I used to shop for groceries.

It’s one of the best books for beginners trying to cut their grocery budget.

3.  America’s Cheapest Family Gets You Right on the Money

America's cheapest family gets you right on the money

This family is well-known for their frugal habits and extreme money-saving strategies. But, despite what many believe frugal living is, they bust those myths by having a nice home, quality time with their kids and living a good life.

It’s jam-packed with information on how to save for almost everything in your every day life. And I love the way Annette and Steve have a conversation with you throughout the book.

It’s a must read for any beginner wanting to change their money habits.

4. The Money Smart Family System

the money smart family system

This is a great next step if you’ve read book #3 and want to create a system that works for your family.

It’s is a must-have for any parents out there that aren’t sure how to start their kids off on their financial journey.

While some of the methods are not my cup of tea, I did find tremendous value in learning how to empower my kids to be good money managers.

Kids are beginners, and this book walks them through money topics in a clear and understandable way.

The tips I’ve used from this book have really helped my kids develop good money habits that will stick with them through adulthood.

College Saving Beginners

5. College Beginner: How to go to College Almost for Free

how to go to college almost for free

When I was researching ways of saving money for my kids’ college education, this was the book I picked up.

It’s a great resource for anyone trying to save money on College expenses.

The tips are practical and the steps are easy to follow. I will point out that I wish I had started reading this when older child was in middle school rather than in high school. It helps to start early so you don’t get overwhelmed with the process.

The earlier you start reading this book, the better.

Frugal Living Beginners

6. The Year of Less

the year of less

This book was eye-opening. It gave me a perspective of minimalism that changed the way I view my possessions.

Through Cait’s storytelling, I discovered my own relationship with “things” and how much of it consumed my life (and my money).

It’s a quick read with many everyday struggles we all face. It brings a new light to the minimalist lifestyle and inspired me to live with less, which really meant I got to live with more of what mattered to me.

For beginners who want to declutter their belongings and save money, this is a great finance book to start with.

Investing Books for Beginners

7.  Broke Millennial Takes on Investing

broke millennial takes on investing

As a person who’s still learning about investing basics, this was the perfect book to dive into.

Erin breaks it down to beginner basics and explains investing in a very easy way.

She doesn’t overcomplicate the strategies or advice and she stays away from confusion jargon.

It was an easy-to-consume book about investing, a topic many of us tend to feel overwhelmed with.

Her advice and tips were simple and straightforward. Her storytelling made this book such an easy and quick read that I finished it in less than a week, even as a busy mom.

8. Financial Freedom

financial freedom-investment book

Another amazing book about investing, but with a different perspective.

Grant shares his story about how he had to move back in with his parents after losing his job and how this impacted his future goals.

When he found another job, he was determined to save more than half of his income and invest it so that he could reach financial freedom for good.

His tips and advice are easy to understand and easy to implement. Just like Erin’s book (#7), he doesn’t use confusing jargon and talks to you like a friend over coffee chatting about money.

It’s a great finance book for beginners and one of the best I’ve read about investing.

9. I Will Teach You to Be Rich- 2nd Edition

I will teach you to be rich

Ramit’s ideas are a little unorthodox, and that’s what I love about this book.

It gives you a completely new perspective on managing your money. While many people look to cut back on small expenses, like lattes, Ramit advises to cut back on big expenses, like housing, real estate, etc.

He’s against a traditional budget and instead advises to automate how you control your spending.

His ideas are not for everyone, but if you’re looking for a fresh new way of managing your money, this book gives you great tips.

10. The Dumb Things Smart People Do with their money

The dumb things smart people do with their money

I love that this book speaks from the place of avoiding common mistakes.

Learning from other people’s mistakes is a great way to avoid the pitfalls without losing money in the process. If you’ve made any of the mistakes she mentions in the book, you’ll have the comfort in knowing that you weren’t alone, that many other smart people made the same mistake.

It’s a different perspective, one that shows you how to better manage your money from the eyes of people who didn’t heed her advice.

It has a lot of great examples and scenarios that are very common and relatable.

Her storytelling throughout the book makes this a real page-turner.

The more you read, the more you know

I’ve read many books on money since starting my financial journey.

These finance books were made for beginners and can help you develop a money strategy that works for your lifestyle and goals.

Check them out and see how much your finances change in the process.

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