finance

Must Reads: Personal Finance Books

Stephanie Lanik

Strategic Marketing Coordinator

Stephanie Lanik

Strategic Marketing Coordinator

Achieve Financial Success and Crack Open a Book!

Personal finance books can empower you to budget, save for retirement, get out of debt and tackle many other money-related decisions with confidence. So what can you do to get a grip on your finances and make your money grow? Learn. Educate yourself.

We asked our Benovate members what their favorite, most effective personal finances books are, and they answered! Based off of our members recommendations, here are four books that they loved which we hope will help set you up for success or get your finances in order.

We asked and you answered! Here are 4 personal finance books that have proven to be successful for our Benovate members:

The Total Money Makeover by Dave Ramsey

This book is great for those struggling with debt and saving money. One member mentioned, “Dave has great suggestions for how to get debt under control and steps for investing in your future.” In this book, Ramsey emphasizes financial fitness in different stages and describes all of the steps in each stage. From ditching approval seeking from those around you to being generous, Dave Ramsey walks you down the path of financial growth and independence. Even if you’re just looking for a few tips and aren’t ready to completely commit to Dave Ramsey’s “makeover,” the good news is that you can follow whichever steps you want to and any of them will get you a little closer to reaching your financial goals.

Worth It by Amanda Steinberg

Amanda Steinberg is the founder and CEO of DailyWorth.com, which is a site that offers a multitude of tips for financial success. With financial tips ranging from student debt to retirement, Steinberg’s blog offers any kind of advice you and your finances may be looking for. Her book, Worth It, is more than just another “how to save money and budget” book. It goes deeper into uncovering issues you may not even realize that may be holding you back from financial freedom and security.

One Benovate member writes, “This book is geared towards women, empowering them to be involved in their financial decisions and to not be scared of money. I felt energized and hopeful about my ability to save for the future, and started making better decisions almost immediately!” This book may be geared toward women, but contains comprehensive financial information that anyone would benefit from. If you don’t read the book, you could always try browsing around her site, which is updated regularly and has tips for every financial situation you can imagine.

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The 7 Habits of Highly Effective People by Stephen Covey

With more than 10 million copies sold, Covey does a great job of explaining different imperatives for goal-setting and being effective in all that you do. His concepts include moving from dependence to independence, interdependence and working with others, and continual improvement. One member tells us, “Covey taught me that success is a balance between all areas in life, not just one or two.” This book is deep, insightful, and informative, and will make you ready to make a change in your life. Covey offers tips for these habits that will lead you down a path of success and happiness, while loving yourself and respecting others. If you’re looking for a book that will help in all areas of your life, not just finances, Stephen Covey has the answers for you.

The Financial Peace Planner by Dave Ramsey

Have you ever felt like your finances put you in a dark hole with no light at the end of the tunnel? A book for those struggling to get out of or stop acquiring debt, Dave Ramsey again offers practical tips based off of personal experience for making your debt a thing of the past in his book, The Financial Peace Planner. This comes as a workbook, so you can lay out your financial goals and watch as your debt withers away, which can be a great motivator once you’re able to visualize your progress.

Ramsey’s step-by-step planning makes the process of paying debts back much easier, as it is broken down right in front of you. His positive tone and outlook make the book enjoyable, and can provide hope for those in the deepest of debts. This book definitely made an impact on one member who said, “This is a great book to not only help your finances, but to also help you change your life toward something more meaningful as you work through the process.”

Broke Millennial: Stop Scraping By and Get Your Financial Life Together, by Erin Lowry

If you feel clueless about budgeting or overwhelmed by student loans and other expenses, Broke Millennial, by personal finance expert Erin Lowry, came recommended by five of our experts as the best place to start. The book is aimed at 20- and 30-somethings who are dealing with both paying off debt and beginning to plan for the future. Lowry goes beyond the basics to tackle tricky money matters and situations most of us face and is packed with refreshingly simple advice and hilarious true stories, Broke Millennial is the essential roadmap every financially clueless millennial needs to become a money master.

Start change your finances for good

Finances don’t need to get you down. There are many books out there to get you to take the first steps towards financial success no matter where you are in your journey right now. The Total Money Makeover, DailyWorth, The 7 Habits of Highly Effective People, The Financial Peace Planner, and Broke Millennial are great stepping stones to achieving your finance goals, from debt control to retirement planning.

Thank you to the members who submitted the books that transformed their finances! We appreciate your input and feedback.

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