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It can be especially stressful for teenagers and young adults trying to learn about personal finance, especially when they lack resources or support. It can be intimidating at first to start a budget, investing in the stock market, or understanding the basics of spending, saving and debt management. But taking the first step and reading one of the above books can be a great way to gain a greater understanding of personal finance and start making informed decisions about money at an early age. Doing so can provide teenagers foundational knowledge that will grow with them as they get older, allowing them to make smart decisions, pursue their financial goals and secure a brighter future.
If you're ready to launch yourself into the world of finance, then How To Money: Your Ultimate Visual Guide To the Basics of Finance is the perfect place to start. Written by Jean Chatzky and Kathryn Tuggle, this guide covers everything from budgeting to retirement planning, featuring illustrations, infographics, and detailed advice. With easy-to-understand examples, this book provides an excellent foundation for developing sound money management habits that can last a lifetime.
For teens looking for an entertaining and relatable introduction to personal finance, “I Want More Pizza: Real World Money Skills For High School, College, And Beyond” by Steve Burkholder is an excellent place to start. This book aims to teach readers about financial responsibility and equips them with the necessary skills to become money masters. It introduces concepts like effective budgeting, planning, understanding credit, and saving for retirement. With its comprehensive coverage of personal finance topics and relatable life skills, this book can help teens gain a better understanding of their financial situations and better prepare them for their financial futures.
Erin Lowry’s “Broke Millennial: Stop Scraping by and Get Your Financial Life Together” is an excellent resource for those born between 1981 and 1996 who are finding it difficult to make money stretch far enough. Lowry provides an overview of debt repayment strategies, lifestyle changes, and savings tips. In addition, she provides a comprehensive guide to budgeting and creating a financial plan that will help readers achieve their financial goals. With her advice, readers can gain the tools and knowledge to get their finances in order, stay out of debt, and live a financially-free life. Broke Millennial Series contains 4 books.