The internet is a great source of knowledge when it comes to personal finance, but it can be frustrating to either keep seeing the same basic information everywhere when you’re serious about your finances or not knowing what to look for in the avalanche of information online. Don’t overlook the structured nature of finance books, as they are a great way to deep-dive into topics or money philosophies that align with your goals. Reading a book also allows you the time to reflect as you read, and implement changes on your own timeline.
The personal finance books in this article are powerful options for women to arm themselves with the knowledge and perspective they need to take control of their financial situations. We’ve focused on books written by women in this article, as they bring their distinct voices and experiences to the topic.
Broke Millennial: Stop Scraping By and Get Your Financial Life Together
This book by Erin Lowry proves that young readers don’t have to stay broke and ignorant about their finances. She writes in a conversational style that is relatable and easy to follow (which makes it a great gift for graduating seniors). Lowry’s underlying philosophy is “Get Your Financial Life Together” (#GYFLT).
The book starts with encouraging readers to reflect on their relationship with money and how they approach it. Beyond budgeting and debt repayment basics, the author also walks you through real-life situations like managing student loans and splitting bills at dinner (Venmo’s great, but not being overdrawn on your checking account is better).
You Are a Badass at Making Money: Master the Mindset of Wealth
If you could use a little motivation when it comes to money, why not go to the best in the business? Motivational writer Jen Sincero brings her take-charge, no-excuses personality to this book, that focuses on the internal work that needs to be done to earn and grow the money you deserve.
The book is an excellent resource for anyone who wants to break a vicious cycle when it comes to money, or start off on the right foot before it’s too late. It is especially useful for entrepreneurs, freelancers, and young professionals.
A lot of the hangups we have about money actually have nothing to do with money. This book focuses on identifying and addressing the barriers to making money that you’ve created in your own head.
To confirm that the author knows what she’s talking about, Sincero gets real about her own financial perils and successes—which makes this a relatable, motivating read. Each chapter includes self-reflection exercises for you to reach your earning potential.
If you’re “not a self-help book person,” allow this book to change your mind. You’ll be drawn to Sincero’s sarcastic, witty insight on how to live a better life.
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
With more than a million copies sold worldwide, this book is a staple on the shelves of personal finance enthusiasts. It teaches you how to transform your relationship with money over the course of a nine-step program. If you choose to plan your financial education according to these steps, you’ll get a thorough overview of everything from mindfulness and decluttering to side hustles, and money conversations.
Just in the first few chapters, author Vicki Robin makes you reexamine your assumptions about your work, your life-energy/earnings ratio, and how money=energy. It’s an insightful look into how interwoven money is into our lives and choices.
The Feminist Financial Handbook: A Modern Woman’s Guide to a Wealthy Life
Money means different things to different people, but there is no denying that there are systematic disadvantages for minorities and women. It can be pretty frustrating to read investment advice, statistics and advice that differs wildly from your own personal experience.
This book by Brynne Conroy uses a feminist lens to approach personal finance. Brynne argues that the best way women can contribute to a more equitable world is by building their own wealth. The book also draws on experiences from women from varying races, sexual orientations, abilities, and financial situations, which makes it easy for readers to learn and build motivation to manage their own money.
Clever Girl Finance: Learn How Investing Works, Grow Your Money
The best way to build wealth is to invest your money into return-generating assets. Sokunbi’s second book is for people who want to go beyond the essentials of everyday money management and begin their investment journey. At the same time, the book manages to be just as approachable as Sokunbi’s first book, guiding novice investors to take action toward long-term financial gain.
An important point that the author emphasizes is that you don’t need to have access to a lot of money in order to start investing. As we wrote previously, women lose out on hundreds of thousands of dollars by hesitating to invest. This book encourages women, even if they may have modest earnings and savings, to feel confident in their ability to invest by demystifying the investment process.
All Your Worth: The Ultimate Lifetime Money Plan
Written by U.S. Senator Elizabeth Warren and her daughter, Amelia Warren Tyagi, this book simplifies the confusion around personal finances by giving you a thorough framework to work with.
This book can be credited with bringing the 50/30/20 methodology into mainstream personal finance. The idea is that you devote 50% of your income to the fixed expenses you incur like rent/mortgage, transportation, and groceries, 30% to ‘wants’, and 20% to savings. By breaking your spending into must-haves, wants, and savings, you establish savings as a priority rather than an afterthought.