Surely, there have been times when you’re stuck at something financially and wish you had more knowledge on the matter. Whether it’s on savings, time deposits, investments, or business, you can always look to financial advisors to help us. They know everything about finance like the back of their hand. 

But if you can’t afford to hire a financial advisor, a financial self-help book is perfect for you. But which one? There’s a book for every situation you might be in. And the best way to get out of a financial ditch is to educate yourself. So, here are some suggestions for what you should be reading towards financial health.

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For budget adulting

Broke Millennial: Stop Scraping By And Get Your Life Together
By Erin Lowry

If you’re around 20 years old and have just started living by your own means, or helped financially at home, this will help you get started. You shouldn’t have to start or continue drowning and debt and learning to navigate your finances.

The tone of writing in this book is very conversational, with a lot of statements and lingo millennials can understand and relate to. This makes technical financial terms easier to comprehend and apply to a broke millennial’s life.

READ: Best Credit Cards For Filipino Millennials

For savvy saving

365 Ways To Live Cheap: Your Everyday Guide to Saving Money
By Trent Hamm

Yes, apparently, you can save more than you already think you’re saving! And this book has 365 ways to do that! This book is very straightforward when it comes to suggestions. It also gives you an estimate of how much you will be saving when you switch to doing that trick.

This is great for those who don’t really want to read narratives, but simply want a list of things you can do to save more on almost everything!

READ: How Saving Money Can Save Your Life

For… well, budgeting

The Everything Budgeting Book
By Tere Stouffer

So you make a budget for a month’s pay and still face petsa de peligro anyway? What’s going wrong? What can you do to fix it? Some people stick with the 50-30-20 rule, but we all know life and money cannot simply be divided into those portions.

So this book helps you out with that! It lists items and categories you might not have even thought of! It also has budget worksheets that can help you track your expenses throughout the month. As the book cover says, it helps you map out short and long-term goals, even eventually reach those.

If you’re looking for a book that will not just inspire you, but demand goal-oriented action, this is it!

READ: How does the Envelope Budget System Work?

For debt management

The Total Money Makeover: A Proven Plan for Financial Fitness
By Dave Ramsay

We’re past chill and casual issues and solutions. So, now here’s a harder one: DEBT. This book is very, to say the least, honest. Dave Ramsey uses cold, sometimes harsh, truths about debt that will push you to confront the problem. He, himself, faced bankruptcy from debt and had to find his way out of it.

This book tells a story of how a man got out of debt, and how you can too. It has a detailed plan for all kinds of debt: credit card, mortgage, auto, and even personal dues. 

READ: How Financial Literacy Can Help You Manage Due Dates And Debts

For intelligent investing

The Intelligent Investor
By Benjamin Graham

Now that you’re saving, have mastered budgeting, and are out of debt, why not invest your money? This book was originally published in 1949 but is still very popular among investors today. So at least you know that your takeaways from this book will age well.

This book gets super technical into the numbers and stock market analyses, so prepare yourself when you decide to read this. Graham was not dubbed the father of value investing for nothing. 

READ: No-Fail Investments You Should Explore

For business building

Crushing It!: How Great Entrepreneurs Build Their Business and Influence—and How You Can, Too
By Gary Vaynerchuk

If you find that investing in someone else’s business is not for you, why not build your own brand to invest on? This is what “Crushing It!” is about. The New York Times Bestselling author shares here stories of entrepreneurs who already took the path you just wanted to start. Find inspiration in their success stories, and plot your own business empire with this guide. 

This book is less of a lecture like the previous one, and more of a practical story-sharing type of guide. So if you want another lighthearted and inspirational read, here it is.

See also: Are You Ready To Start Your Own Business?

For retirement planning

How To Retire Happy, Wild, And Free
By Ernie Zelinkski

There’s no earlier time to prepare for retirement than now. In fact, the earlier you start preparing, the earlier you can retire and enjoy the rest of your life out of the workforce. This book takes on retirement a little differently than the rest of the books on this list. 

Instead of being an entirely financial ordeal, Zelinskytalks about retirement as settling your other life affairs outside money and working. This includes fulfilling your dreams and aspirations. We already know there’s a lot of money and preparation involved in retirement. The rest? They’re in this book.

See also: Fundamental Steps to Retire Rich

For inspiration

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
By Thomas J. Stanley and William D. Danko

If you want to be rich, rather, a millionaire, you have got to start somewhere. This book talks about the foundations of good financial health and how to get there. The blueprint? Existing millionaires. It’s in the title! Here is everything you need to know about the rich and how to get that rich. 

It has the simplest tricks to being rich such as being frugal with everything, to controversial answers to questions like “where do they get their money?” You can start or end our list with this book!

READ: 7 Business Lessons From Self-Made Millionaire Madam C.J. Walker

Honorable Mentions

If you’re looking for more books to read, here are other highly-rated suggestions you might enjoy. They’re mostly for inspiration. Thus, they’re written in a casual and conversational tone. So there’s not much lecture on numbers and technicalities.

  • Rich Dad Poor Dad by Robert Kiyosaki
  • I Will Teach You To Be Rich by Ramit Sethi
  • The Richest Man in Babylon by George S. Clason

Bottom Line

Take note that most of the cited books are set in the United States and the costs are written on them may vary in the Philippines. Some situations and advice may vary, as well. But the lessons remain the same! Educating yourself is the first step to success in literally anything. Buying a book is a small cost to the knowledge that comes with it, especially if that knowledge is on how you handle your finances! It’s a good thing that acquiring a copy of these books is now easier (and cheaper) because of digital and audio platforms. 

Happy reading!

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GoBear team

GoBear team

GoBear Team - Our content creators collaborate to come up with finance articles that will make financial literacy a joy to learn and financial security an attainable goal.

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