Top 5 Best Books about Budgeting
Listed below are the Top 5 Best Books about Budgeting. Budgeting is a two part equation. The first part is knowing how much you'll be earning during a specific time period. The second part is planning how much you'll spend following that time period. When you play your cards right then you have money left over that can be saved or invested. If you're looking to join the club of budget masters then these books will help you get there!
Now I don’t like this title because it’s very gimmicky. But the content inside of it is extremely useful. “I WIll Teach You To Be Rich” should be on the bookshelf of every person looking to take control of their financial future. This book deserves your attention if you want a greater understanding of how to master your personal finances.
It teaches you how to optimize your credits, set up no-fee high interest bank accounts, open a Roth IRA or 401k, save hundreds of dollars a month, automate accounts so they work together, and create your first portfolio. Plus, there’s material on overcoming psychological barriers, love and money, and new investment options. I Will Teach You to Be Rich even made it on our list of Top 5 Best Books about Personal Finance.
A lot of people associate budgeting with figuring out all your expenses, putting them into a spreadsheet, cutting out what they think is unnecessary, and then trying to follow that new plan. This approach has like a 2% success rate and I feel like that’s being generous. “You Need a Budget” is first on the list of best books about budgeting because it changes that mindset. You’re no longer guessing about what you’re going to make and what you’re going to spend. Instead you look at your bank account and give every dollar a job.
Giving every dollar a job is Rule One in this budgeting book. Rule Two is embrace your true expenses, Rule Three is roll with the punches, and Rule Four is age your money. This method is incredibly well thought out and has helped numerous people get out of debt and gain control of their finances. I don’t recommend paying for their services, but they do offer some: youneedabudget.com
Unlike many budgeting books, How to Manage Your Money When You Don’t Have Any was specifically written for Americans who struggle to make it on a monthly basis. It provides a respectful, no-nonsense look at the difficult realities of our modern economy, along with an easy to follow path toward better financial stability that will give hope to even the most financially strapped households.
Rather than emphasizing wealth creation, #2 on our best books about budgeting teaches readers to do the best they can with their income no matter its size. Content rich, personal, and jargon free, the book is opinionated and at times humorous. Full of current everyday references, it is meant to be a quick read that will appeal to the average reader just struggling to make ends meet.
The One Week Budget is the best budgeting book for people who are new to budgeting and need to develop the organizational tools required to create their first one. Not only does it have good structure, but I found it light, educational, and very entertaining.
The author notes: “When money is not planned for, tracked and kept record of, it literally disappears, like magic. How many times have you asked yourself, “Where did my money go?” The opposite of this is true as well. When money is well documented and used wisely, it will inexplicably multiply for the skilled handler. This is why it is imperative that you have a physical system in place, if you wish to have a financially stable life.”
If you’re a cash-strapped 20- or 30-something, it’s easy to get freaked out by finances. But you’re not doomed to spend your life drowning in debt or mystified by money. It’s time to stop scraping by and take control of your money and your life with this savvy and smart guide.
Broke Millennial shows step-by-step how to go from flat-broke to financial badass. This book made it on our list of best budgeting books because it takes a different angle. Unlike most personal finance books out there, it doesn’t just cover boring stuff like credit card debt, investing, and dealing with the dreaded “B” word (budgeting). Financial expert Erin Lowry goes beyond the basics to tackle tricky money matters and situations most of us face.