March 24, 2022

Financial Literacy eBooks to Put on Your Virtual Shelf

Valerie Mellema
Fortune 500 Editorial Contributor

At its most basic, financial literacy refers to a person’s ability to understand and use different types of financial skills. Some of these skills include budgeting, personal finances, and making investments. The earlier someone starts to learn how to care for their finances the better.

However, this doesn’t happen as often as it should. Having a lack of financial literacy, as many people do, can lead to a range of problems in a person’s life. It could mean they have problems with budgeting, which can lead to massive debts. It might mean making poor investments or not knowing how to invest. Those who are not financially literate will often not take the time to put together retirement plans either.

Books to Help You Increase Your Financial Literacy

You don’t want to remain financially illiterate, so it’s time that you educated yourself with some of the best books on the subject. Check out the eBook options below and find a few of these titles to start reading.

The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley Ph.D. and Sarah Stanley Fallaw, Ph.D.

This is the third book in the series from the authors and acts as something of an update to the original The Millionaire Next Door. In this book, the authors are looking at how things have changed since the publication of the first book. They examine the various decisions, behaviors, and characteristics that line up with wealth building. Some of the areas covered and discussed in the book include careers, investing, budgeting, and general financial management. The book also discusses the paths people can take to build wealth of their own.

The Total Money Makeover: Classic Edition: A Proven Plan for Financial Success by Dave Ramsey

This has been a popular book for financial literacy since it was first published in 2007, and now the Classic Edition available in eBook form is once again helping people to learn more about their personal finances and building wealth. This is billed as the simplest plan for changing your finances and the techniques are based on proven results.

The book provides information on how to pay off debt, how to break bad financial habits, and how to secure a nest egg, for starters. It also helps you to recognize some of the worst money myths that are costing people every day. The goal of the book is to help people become financially healthy.

The Index Card: Why Personal Finance Doesn’t Have to Be Complicated by Helaine Olen and Harold Pollack

One of the reasons many people don’t try to become more financially savvy is because they feel that it’s too complicated. However, it doesn’t have to be, as this book proves. The authors of the book concluded that everything that a person really needed to know about managing money could fit on a 4” x 6” index card. Pollack wrote this information down on an index card and posted it online, where it gained a lot of attention.

It got so much attention that Pollack and Olen, an award-winning financial journalist, wrote the book. It includes all of the rules on the index card and then expands them, so they are more easily understood.

Some of the topics covered in the book include saving, paying down debt, and planning for retirement.

The Bogleheads’ Guide to Investing, Second Edition by Mel Lindauer, Taylor Larimore, and Michael LeBoeuf.

This book was written especially for those who have been struggling with a financial problem, as well as for those who want to know how to invest the right way to get better results. The authors help to explain that investing can be simple, but that doesn’t mean it’s simplistic. The book starts with the basics and then expands to discuss a wide range of different types of investment options. The updated version includes information on Roth IRAs, ETFs, buy and hold investments, and much more.

Smart Money Smart Kids: Raising the Next Generation to Win with Money by Dave Ramsey and Rachel Cruze

One of the reasons so many adults have problems when it comes to financial literacy is because it was not something that was ever taught to them. They may only learn just the basics of the economy and financial planning while they are in school, and that’s if they are lucky. Parents who are struggling financially can’t teach their children how to manage money because they have enough trouble on their own.

Fortunately, there are books on financial literacy that can help provide parents with the tools needed to teach children how to do better with money through basics like working, spending, and saving.

Find the Books Right for You

These are some of the top options for eBooks that are meant to help teach more about financial literacy. Just because you might not know enough about your finances right now doesn’t mean it has to stay that way. Check out one or more of these books to get started.

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