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As a teen, it’s easy to get overwhelmed when learning about personal finance. There are so many things you need to know and be aware of, but where should you start?
It seems like there is no simple answer. That being said: what if I told you that there were some beginner-friendly books with all the knowledge needed for getting started with personal finance? Books that will teach teens and young adults everything they need to know about personal finance.
Keep reading and discover our list of the best personal finance books for teens:
Best Personal Finance Books For Teens And Young Adults
1. “How To Money: Your Ultimate Visual Guide to the Basics of Finance” by Jean Chatzky, Kathryn Tuggle
How to Money is a great resource for learning about the basics of personal finance. The book is divided into sections on money management, saving, investing, credit and debt, and home ownership. Each section includes information on the different aspects of each topic, as well as tips and advice from experts.
What makes it the best: How to Money is a great resource for teens because it provides clear and concise information on a variety of financial topics. The book also includes helpful illustrations and diagrams to help readers understand the concepts being discussed.
What age group it’s good for: How to Money is appropriate for teens aged 14 and up who are interested in learning about personal finance.
2. “I Want More Pizza: Real World Money Skills For High School, College, And Beyond” by Steve Burkholder
I Want More Pizza is a personal finance book for teens that aims to teach them about financial responsibility in a fun and relatable way. The book follows the story of a teenage girl who is trying to save up for a new pizza oven. Along the way, she learns about budgeting, investing, and other financial concepts.
What readers will learn: I Want More Pizza is a great introduction to personal finance for teens. The book covers topics like budgeting, saving, and investing in an easy-to-understand way. Additionally, the book includes tips and advice from real teens on how to manage money responsibly.
Why it’s good for beginner readers: I Want More Pizza is a great choice for reluctant readers because it is short, relatable, and packed with information. Additionally, the book includes helpful illustrations that make complex concepts easier to understand.
3. “Rich Dad Poor Dad for Teens: The Secrets about Money – That You Don’t Learn in School!” by Robert T. Kiyosaki
Rich Dad Poor Dad is a book that has been inspiring people of all ages for years. It’s especially impactful for teenagers, as it provides valuable lessons on financial literacy and responsibility.
In “Rich Dad, Poor Dad for Teens”, Robert Kiyosaki shares the story of his two dads – his real father (poor dad) and the father of his best friend (rich dad), and how each shaped his views on money and investing.
Kiyosaki argues that the biggest difference between the rich and the poor is not income, but the mindset. He believes that if you want to be wealthy, you need to think like a rich person. And one of the best ways to do that is to start investing early.
How It Helps: “Rich Dad, Poor Dad for Teens” provides an introduction to investing and personal finance from a unique perspective. It offers insight into how your mindset can impact your financial success and provides practical advice on how to start building wealth at any age.
What Readers Say: Many readers say that this book changed their lives by opening their eyes to a different way of thinking about money. They appreciate that it is written in simple language that is easy for teens to understand, and find it an inspiring read that motivates them to take control of their finances.
What makes it good for teens: There are many things that make Rich Dad Poor Dad an excellent book for teenagers. First, it offers a clear and concise overview of financial concepts. Second, it emphasizes the importance of taking responsibility for one’s own finances. Third, it provides practical advice on how to save and invest money wisely. Finally, the book is written in an engaging and easy-to-read style.
Bestseller Personal Finance Books
How to read it: Rich Dad Poor Dad can be read cover-to-cover, or you can focus on the sections that are most relevant to your needs and interests. If you’re looking for inspiration, start with the section on “Building Your Financial Foundation.” If you want practical advice, skip ahead to the section on “Investing Your Money.” And if you’re interested in learning more about financial literacy, be sure to check out the section on “Teaching Your Kids about Money.”
4. “Paying for College, 2023: Everything You Need to Maximize Financial Aid and Afford College” by The Princeton Review, Kalman Chany
This book is a comprehensive guide to paying for college and covers everything from maximizing financial aid to affordable college options. It includes information on the FAFSA form, scholarships, grants, student loans, and more.
What’s inside: The book includes an overview of the college admissions process, information on how to choose the right school for you, and tips on how to get the most financial aid possible. It also covers different types of loans and how to manage your money while in college.
Why we recommend it: This book is a great resource for anyone who is planning on going to college. It provides detailed information on all aspects of financing your education and can help you save a lot of money in the long run.
Are you a broke millennial? If so, this book is for you! In Broke Millennial: Stop Scraping by and Get Your Financial Life Together, author Erin Lowry provides an overview of what it means to be a broke millennial and offers tips on how to get your financial life together.
In this book, you’ll learn about the following topics:
- What it means to be a broke millennial
- How to get your financial life together
- The importance of credit and debt management
- How to save money effectively
- Investing basics
6. “Get a Financial Life: Personal Finance in Your Twenties and Thirties” by Beth Kobliner
Get a Financial Life: Personal Finance in Your Twenties and Thirties is a great book for older teens who want to learn about personal finance. The book covers topics such as budgeting, saving, investing, and credit. It also includes information on how to manage your money in your twenties and thirties.
What You’ll Learn: The book covers topics such as budgeting, saving, investing, and credit. It also includes information on how to manage your money in your twenties and thirties.
How to Read It: This book can be read from cover to cover, or you can use it as a reference guide. If you’re looking for specific information on a particular topic, the index can help you find what you’re looking for quickly and easily.
7. “I Will Teach You to Be Rich” by Ramit Sethi
Ramit Sethi’s “I Will Teach You to Be Rich” is one of the most comprehensive and effective personal finance books for young adults. It covers a wide range of topics, from saving and investing to debt and credit, and provides actionable advice that can help anyone get their finances in order.
What makes it one of the best: One of the things that makes “I Will Teach You to Be Rich” so great is that it doesn’t just focus on one aspect of personal finance. It covers a wide range of topics, from saving and investing to debt and credit, and provides actionable advice that can help anyone get their finances in order. Additionally, Sethi does an excellent job of explaining complex financial concepts in a way that is easy to understand.
What you will learn: “I Will Teach You to Be Rich” covers a wide range of topics, but some of the most important lessons it teaches include the importance of automating your finances, creating a budget, and investing for long-term growth. Additionally, the book provides detailed instructions on how to set up each of these systems.
How to read it: “I Will Teach You To Be Rich” is best read as a comprehensive guidebook. Start by reading the introduction and then move on to the chapters that cover the topics you’re most interested in. Once you’ve read those, go back and re-read the sections that you found most helpful.
8. “Why Didn’t They Teach Me This in School?” by Cary Siegel
Cary Siegel’s book “Why Didn’t They Teach Me This in School?” is a must-read for anyone who wants to learn about personal finance. In this book, Siegel provides an overview of the basics of personal finance, including budgeting, saving, investing, and credit. He also discusses the importance of financial literacy and offers tips on how to teach it to your children.
What You Will Learn:
- The basics of personal finance, including budgeting, saving, investing, and credit
- The importance of financial literacy
- How to teach your children about money management
- How to make your money work for you
9. “The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of” by David and Tom Gardner
The Motley Fool Investment Guide for Teens is a book that was written by David and Tom Gardner. The book gives an overview of investing and explains what makes it a good option for teens. The book also covers the different types of investments, and how to pick the best one for your needs.
What makes it good for investing: The Motley Fool Investment Guide for Teens is a good book for investing because it provides an overview of the different types of investments, and how to pick the best one for your needs. The book also covers the different risks associated with each type of investment, and how to manage those risks.
What age group is it best for: This book is best for teens who are interested in learning about investing.
10. “How to Turn $100 into $1,000,000” by James McKenna
This book is written by James McKenna, a personal finance expert and the founder of Money Smarts Blog. In this book, McKenna provides an overview of what young adults need to know about personal finance in order to start building their wealth. He covers topics such as saving money, investing, and budgeting. Additionally, he offers tips on how to turn $100 into $1 million over time through compound interest and other investment strategies.
What You Will Learn:
- The basics of personal finance and how to start building your wealth
- How to save money effectively
- How to invest your money for long-term growth
- Tips for turning $100 into $1 million over time
11. “The Money Savvy Student” by Adam Carroll, Michael Paustian, et al
The Money Savvy Student is a book that can help you learn about personal finance and money management. The book covers topics such as budgeting, saving, investing, and credit. The book is geared towards teens and young adults.
How the book can help: The Money Savvy Student can help you learn about personal finance and money management. The book covers topics such as budgeting, saving, investing, and credit. The book is geared towards teens and young adults.
What topics are covered: Topics covered in the book include budgeting, saving, investing, and credit. The book is geared towards teens and young adults.
12. “Not Your Parents’ Money Book: Making, Saving, and Spending Your Own Money” by Jean Chatzky and Erwin Haya
In this book, you’ll learn about the basics of money and how to make and save it. You’ll also find out what your parents may not have taught you about money, such as how to invest it and how to protect yourself from financial scams.
What You’ll Learn:
- The basics of money, including what it is and where it comes from
- How to make and save money
- What your parents may not have taught you about money
- How to invest your money
- How to protect yourself from financial scams
13. “Loaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind” by Sarah Newcomb
In Loaded, author Nancy L. Anderson explores the psychological factors that lead people to make financial decisions that are not in their best interests. She provides readers with an understanding of how money affects their lives and how to make better choices with their finances.
What You’ll Learn:
- How money affects your psychological well-being
- The importance of making financial decisions that align with your values
- How to create a budget and stick to it
- The basics of investing and saving for retirement
- Tips for reducing debt and building wealth
Some key takeaways from Loaded include the following:
- It’s important to be aware of the psychological factors that influence your relationship with money.
- Making financial decisions based on your values can help you stay motivated and focused on your goals.
- Creating a budget is a helpful way to track your spending and keep yourself accountable.
- Investing early and often is one of the best ways to build wealth over time.
- Paying down debt can be a difficult but rewarding process.
14. “The Young Entrepreneur’s Guide to Starting and Running a Business: Turn Your Ideas into Money!” by Steve Mariotti
In The Young Entrepreneur’s Guide to Starting and Running a Business, author Chris Salerno provides an overview of what the book will cover and how it can be used.
He explains that the book is designed for young people who want to start their own businesses, and provides an overview of the topics covered. These include business planning, marketing, financing, and managing employees. Salerno also offers advice on how to make your business successful and includes resources for further reading.
15. “The Modern Guide to Stock Market Investing for Teens: How to Ensure a Life of Financial Freedom Through the Power of Investing” by Alan John
Stock market investing is the process of buying and selling stocks, or shares of ownership in a company, in order to make a profit. When you buy a stock, you are essentially buying a piece of that company and becoming one owner of that business. If the company does well, then the value of your stock will go up, and you can sell it for more than what you paid for it.
On the other hand, if the company does poorly, then the value of your stock will go down and you may lose money.
There are many different ways to get started with stock market investing. You can open up an account with an online broker such as E-Trade or TD Ameritrade. Or you can work with a financial advisor who can help you choose which stocks to buy and when to sell them.
Why should teens invest in stocks: There are many reasons why teens should invest in stocks. For one, it is a great way to learn about how businesses work and how to manage money. Additionally, if done correctly, investing in stocks can lead to financial freedom later on in life. Finally, even though there is always some risk involved with investing in stocks, it is possible to minimize those risks by doing research and making smart investment choices.
What are the risks of stock market investing: There are a few risks to consider before investing in stocks. First of all, the stock market can be volatile, which means that prices can go up and down quickly and without warning. This means that there is always the potential to lose money when investing in stocks.
Additionally, it is important to remember that even though you may own a piece of a company, you have no control over how that company is run. If the company makes poor decisions, your investment could suffer as a result. Finally, it is important to diversify your portfolio, which means investing in different types of stocks and other assets, in order to minimize your risk.
How to get started with stock market investing: If you’re interested in getting started with stock market investing, there are a few things you should do first. First of all, you need to educate yourself on the basics of investing and understand the risks involved. Additionally, it is important to develop an investment strategy and choose investments that are right for you. Once you have done this research, you can open up an account with an online broker or financial advisor and start buying and selling stocks!
16. “The Teenage Investor: How to Start Early, Invest Often and Build Wealth” by Timothy Olsen
What it covers: The basics of investing, including how to start early and invest often to build wealth.
Why it’s helpful: This book is a great introduction to investing for teens. It covers the basics of investing, including how to start early and invest often to build wealth.
Tips For Budgeting For Teens
A budget is a plan that allocates your income towards different expenses. It’s important to start budgeting early on in life so that you can get into the habit of spending and saving wisely.
To start budgeting, you will need to calculate your income and track your spending. You can do this by keeping receipts or using a budgeting app. Once you have an idea of where your money is going, you can start setting aside money for specific expenses.
What to include in a budget: Your budget should include all of your regular expenses, such as rent, food, transportation, and utilities. You should also set aside money for savings and debt repayment. Additionally, you may want to include some discretionary items in your budget, such as entertainment or travel.
The Federal Deposit Insurance Corporation (FDIC) guarantees HYSA accounts up to $250,000 per depositor, each insured bank, and as such, they are normally FDIC-insured. Because of this, High Yield Savings Accounts are a risk-free method to store money and earn more interest than standard savings accounts.
How to stick to a budget: One of the most important aspects of sticking to a budget is tracking your spending. This will help you stay mindful of where your money is going and ensure that you are staying within your allotted amounts. Additionally, it can be helpful to set up automatic payments for fixed expenses like rent or mortgage so that you don’t have to worry about forgetting to pay them each month. Finally, try to avoid impulse purchases by waiting 24 hours before making any big purchases.
Tips For Investing and Saving For Teens
Investing is the act of putting money into a company or enterprise with the expectation of earning a profit from the investment. When you invest in stocks, for example, you are buying shares of ownership in a company and hoping that the value of those shares will go up over time so that you can sell them at a profit.
Saving is setting aside money on a regular basis so that you have it available to spend in the future. This can be done by opening a savings account at a bank or credit union, where your money will earn interest over time. You can also save by investing in stocks, bonds, or other securities.
How to invest: There are many different ways to invest your money. Some people choose to buy stocks, while others invest in mutual funds or exchange-traded funds (ETFs). You can also invest in real estate, bonds, and other securities. The best way to learn how to invest is to consult with a financial advisor who can help you determine what types of investments are right for you based on your goals and risk tolerance.
How to save: One easy way to start saving is to open up a savings account at your local bank or credit union. You can also start saving by setting aside a certain amount of money each month into a dedicated savings account. Another option is to set up a direct deposit from your paycheck into your savings account. Whatever method you choose, the important thing is to make saving a habit so that you can reach your financial goals.
Conclusion on Best Personal Finance Books For Teens And Young Adults: We hope you found the list useful. Go ahead and grab a book for yourself, friends or family and increase the financial quotient of the world.
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