There is some financial advice that is universally applicable: save for your future, be mindful about spending, and be aware of your financial standing. A lot of the nuances related to money and finance, however, vary by demographics like race, gender, and age. When examining a specific group and its unique characteristics and challenges, it’s important to listen, read, and pay attention to members of the group and their dialogue.
Whether we are just getting started in our journey to learn more about these issues, or have grown up seeing them firsthand, we should make a conscious effort to learn about racial wealth inequity. When it comes to financial literacy, Black authors provide valuable insight and help people close the racial wealth gap. It is important to read books written by experts who understand the uniqueness and challenges of living in the US as African-Americans.
Here are 6 books on personal finance by Black authors to add to your reading list and library.
- Money Talks: The Ultimate Couple’s Guide to Communicating about Money by Talaat and Tai McNeely
YouTube favorites Talaat and Tai McNeely (who often go by their business name ‘His and Her Money’) are one of the best personal finance educators in the industry, especially when it comes to the topic of relationships and money. While they are active on their YouTube channel and regularly appear on podcasts, radio shows, and blogs, they also wrote a book about their favorite topic in 2015. “Money Talks” opens the lines of communication between spouses and shows how a couple can align (or realign) themselves financially.
- Live Richer Challenge: Learn how to budget, save, get out of debt, improve your credit and invest in 36 days by Tiffany Aliche – The Budgetnista
Tiffany credits her experience as a preschool teacher for 10 years in Newark, NJ for defining her purpose behind The Budgetnista. She has a real passion for education and learning. Here’s what she says about connecting her two passions: “At its core, teaching is unlocking access. I was inspired to serve and teach by the many women in my life that I know struggle with money.”
This book is meant to be a quick and easy guide to getting your finances in order. Through simple daily financial tasks, readers learn about money mindsets, budgeting, saving, debt versus credit, insurance, and investing.
- Money $mart Teens: 48 Interactive Lessons for Understanding, Making, Saving, and Spending Money by Alfred D. Riddick Jr.
This book is designed to help students establish a strong foundation in financial literacy. Each of the lessons will challenge, educate, and equip youth with the necessary tools to enhance their financial fitness. Its workbook format makes learning about money fun and exciting.
- Starting Point: How To Create Wealth That Lasts by Kevin L Matthews II
If you’ve been wondering where to start saving and investing, this book provides some great basic knowledge. This book makes our list because of the first-person experiences and examples of the author, a first-generation college graduate turned educator. Even if you’re living paycheck-to-paycheck and don’t think you have the capacity to save for your future, this book provides helpful tips and tricks to keep in mind.
- The One Week Budget: Learn to Create Your Money Management System in 7 Days or Less! by Tiffany Aliche
Tiffany Aliche – The Budgetnista – is a prolific writer and educator, so we had to include more than one book of hers on this list. The One Week Budget gives readers a simple approach to budgeting, including various ways to get out of the day-to-day hassle of managing your money and move to a more structured, automated approach.
- Clever Girl Finance: Ditch debt, save money and build real wealth by Bola Sokunbi
The Clever Girl Finance website is one of the pioneers of a dedicated personal finance space for women on the web. The founder of the brand and website, Bola Sokunbi, has written one of the best books on personal finance we’ve come across. This book provides practical guidance for getting out of debt, saving money, and building wealth.
By focusing on real, relatable stories from other women, Sokunbi inspires thousands of real women and inspires them to focus on their finances.
Bonus: The Fierce 44: Black Americans Who Shook Up The World by staff at The Undefeated
This book deserves a copy on your child’s bookshelf and yours (and perhaps one more for the coffee table). This version of the Fierce 44 is created for children and middle school readers and is an illustrated collection of biographies of forty-four of America’s greatest movers and shakers. This book is an ode to Black leaders, entrepreneurs, sportspeople, authors, and more. It is a great introduction to the achievements of the Black community, despite all the challenges and roadblocks they’ve had to overcome.