From the time we are old enough to hold a dollar bill, managing money remains a constant in life. And the key to not stressing out about it all the time is to manage it well.
That takes a little humility! So many of us like to think we know enough when it comes to personal finance. But the truth is, the people that keep learning about money management are often the most successful.
With that in mind, here’s a list of personal finance books to check out for every stage of life.
Rock, Brock, and the Savings Shock
Young children will enjoy Sheila Blair’s tale of twins Rock (the big spender) and Brock (the big saver). Their grandfather offers to give them a dollar each week for ten weeks. If they save it, then he matches everything they have in savings.
It’s a story that helps children understand the power of compounding money.
And Blair would know. She successfully guided the Federal Deposit Insurance Corporation (FDIC) through the financial crisis of 2008.
I Want More Pizza: Real World Money Skills for High School, College, and Beyond
Author Steve Burkholder reaches out to teenagers in this short but practical and powerful book on personal finance. A former Certified Public Accountant at one of the world’s largest firms, Burkholder wrote the book from his experiences learning money as a teen.
He breaks the subject into four “slices,” the psychology of money, saving, compounding, and debt.
It’s an easy read that should give your teen clear, simple insight into how to handle money.
Broke Millenial: Stop Scraping by and Get Your Financial Life Together
Those early years after getting out of college can be difficult. Student loans, new living expenses, insurance…it seems like the bills keep coming in well after the money stops.
In her book, Erin Lowry offers a fresh perspective to her fellow millennials on approaching finances. Finger-wagging and preaching are set aside, replaced by practical examples wrapped in humorous stories that teach vital lessons.
Every day matters like tackling student loans and how to handle consumer debt are in the book. But, so are relationship topics, like friendship and finance, and how to have money conversations with your significant other.
The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Financial Wrongs
Investment adviser and money expert Jill Schlesinger has a message for those of us in our 40’s and 50’s: You’re smart.
Schlesinger says this generation has learned a lot, so why are many of us still making the same money mistakes we made in our 20’s and 30’s?
Schlesinger says we make 13 mental mistakes that are caused by emotional blind spots.
She unveils them all in this book designed to get a whole generation to stop and take stock of financial management’s behavioral aspects.
How to Make Your Money Last: The Indispensable Retirement Guide
There’s a common fear among retirees that they may outlive their money. Unfortunately, that concern is genuine. The median life span in the U.S. keeps growing, and retirement savings have to keep pace.
In this book, Jane Bryant Quinn tells how to budget in retirement (yes, you still have to budget). She also has tips and tricks on how to get