We often hear the elders in our family reiterating how they rely on their womenfolk to manage household finances. Women have always been known to decide on a proper budget and stick to it diligently. With a sharp acumen in handling both personal and professional finances, it is no doubt that some of the best personal finance writers are women. If you are inclined to know how some women surpass even the best minds when it comes to handling finances, know what the following personal finance books by inspiring women have to offer.
“Let’s Talk Money: You’ve Worked Hard for It, Now Make It Work for You” by Monika Halan
A trusted name in personal finance, Monika Halan takes us through the journey of wealth creation by sharing interesting anecdotes from both her personal and professional experiences. No matter how much we learn, it always seems less considering the plethora of bills, rent, EMIs, medical costs, vacation expenses, and kids’ education that we have to pay. While allocating money for these essential facts of life, there is always a fear of not being able to save enough for one’s retirement.
Monika bursts that needless fear bubble by advising us how we can make money to work for us as hard as we had worked to earn that money. The solution is plain and simple – identify the best investment schemes as per risk aptitude and financial goals, and then ensure that we park money in those schemes regularly. The idea behind this plan is to get more value out of our money to ensure a better quality of life tomorrow.
“On My Own Two Feet: A Modern Girl’s Guide to Personal Finance” by M Thakor and S Kedar
If you are looking forward to learning about money management, budgeting, savings, and setting your retirement goals, then this book is a must-read. Penned by Harvard Business School graduates Manisha Thakor and Sharon Kedar, this book includes all essential facts and details of money management.
Managing money is not about planning and managing our investments alone. It also includes budgeting, saving, education loans, and planning for our retirement. The author reiterates how money management has nothing to do with how much you earn, but rather how to stay on course with your personal finance decisions.
“CleverGirl Finance: Learn How Investing Works, Grow Your Money” by Bola Sokunbi
There is a difference between making money via earning and growing wealth. If wealth creation is your aim, it’s time that you start investing. The author does a fantastic job of simplifying investments for the beginner while explaining why you must continue to invest your money. While pay inequality for many women is a reality, the author underscores at every step how you can make money irrespective of how much you earn.
Sometimes, we learn most from others’ experiences than our own. The author lists the kinds of mistakes that you must avoid during your investment journey and explains these by quoting experiences from experts or others.
“Get Good with Money: 10 Simple Steps to Becoming Financially Whole” by Tiffany Aliche
This book encapsulates the ‘Ninja’ approach to budgeting and personal finances. The content in the pages lists a step-by-step approach to dealing with personal finances. This book is more of a guide that breaks down the nuances of finance in easy steps by starting with how to budget your finances and then gradually moving on to saving money and making investments post payment of bills.
“Zero Debt: The Ultimate Guide to Financial Freedom” by Lynnette Khalfani-Cox
Living a debt-free life is a blessing that many do not realize. This book tells us all about debt repayment. Living debt-free should be an aim before we move on to decide the various avenues for investment. Khalfani takes her readers through the various kinds of debts that they can incur in their lifetime like credit card debts, personal loans, student loans, vehicle loans, etc. The author tells you how you can fix your credit, pay off your loans with diligent, regular repayments, and habits that you must get rid of to avoid incurring another bill.
It does not matter if you are single or married. Every debt can be repaid if you pay enough attention to your earnings and spending. And in the end, if you do not know how to get rid of your debt, then this book is a must on your to-read list.