In accordance with the 2020 personal finance index, the overall financial literacy rate in the US is improving slowly and steadily. Several adults surveyed last year answered almost fifty-two percent answers correctly and this number has been climbing by around one percent every year since 2017. In case you are like most of the other Americans and you didn’t receive proper financial management in your school and from your parents, we precisely suggest you look out for some trusted educational resources that can help you in managing your overall finances better.
Remember a good personal finance book can easily offer you several valuable information on how to specifically manage your savings, your spending’s, debts, and even investments. Furthermore, these can help you in feeling empowered whenever it comes to taking control over finances and even join the rank of those who are educating themselves about managing money at its best. Here we have listed the top five books on finances that can help in benefitting your life. These books are good to ready to stay out of debt collection agencies!
5 Books On Finance That Will Benefit Your Life
1. The Total Money Makeover By Dave Ramsey:
Dave Ramsey has always been a personal finance legend for years, especially with his publication of a book in 1997 called Financial Peace. The book named Total Money Makeover released in 2007 has helped Deacon Hayes and his wife pay off a debt of $52,000 in just a period of eighteen months. Here in this book, Dave shared several incredible transformations of people who have paid thousands of dollars in debts. According to Decon Hayes, he said that the debt clearance snowball method that Ramsey suggested, is one of the best recommendations making a big difference in clearing off all his debts.
2. Drive-By Daniel H. Pink:
In this book, the author says that money isn’t the best motivator especially when it comes to great work. Work satisfaction and performance are something that specifically stems from something that is much deeper. The author Danial H. Pink has spent almost four decades researching more on human motivation and money. This book is undoubtedly a brilliant read offering several invaluable insights into human behavior and finance management.
3. Easy Money By Gail Vaz – Oxlade:
The best part about this book “Easy Money” is the timelessness of the advice and the easy accessibility of budgeting methods. While most other books of its type usually insist on endless optimization and tracking, the well-honed budgeting system of easy money requires no use of software, maths, or even technical skills. Overall the author’s budgeting method is all about assessing your recent spending, correction of course, and then gaining control with the help of prioritization and budgeting. This book can even make a budget phobic reader, feel ready to easily take on their finances.
4. Perfect Credit By Lynnette Khalfani:
The author Lynnette Khalfani has fifteen different management books under her belt, but the book Perfect Credit is one of the best books available because it provides an actionable, and clear guide on step-by-step ways to improve credit. Moreover, according to a report by Experian, almost one-third of Americans have subprime credit making a need for a book that addresses ways of improving credit score.
5. Debt-Free Degree By Anthony O’ Neil:
Debt-free degree by Anthony O’ Neil is best suited for parents who not only want their children to lead a debt-free life but also want their kids to prepare best for college. The book Debt-Free Degree is a national bestseller and the author Anthony O’ Neal details exactly the ways by which you can get a college degree that is paid fully in cash.