1. Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money by Mary Beth Storjohann
This is a no-frills guide to getting your money on track, and it’s written in a casual style that students will be able to understand and relate to. It guides the reader toward looking at the big picture and setting up goals, so it’s ideal for someone just starting out.
2. Make Money Your Honey: A Spirited Entrepreneur’s Guide to Having a Love Affair with Work and Money by Amanda Abella
Abella is a life coach with Fortune 500 experience, and her book helps readers figure out what they want and go after it. From productivity tips and money saving tricks to building a business centered on your passion, this book will help new grads think about their priorities and set up a plan.
3. The One Page Financial Plan: A Simple Way to Be Smart About Your Money by Carl Richards
Someone fresh out of school most likely isn’t going to have a lot of money to save or invest, but this book still applies. Richards’ style is clear and to-the-point, and his book is a fun read. It’s simple enough for a new grad to understand, but the techniques and advice are applicable no matter what stage of life you’re in.
4. The Money Book for the Young, Fabulous & Broke by Suze Orman
Aimed at millennials, this book gives practical advice for anyone just starting out. From handling student loan debt to building solid credit and learning the basics of investing, Young, Broke & Fabulous is a great option to get students thinking about their next steps.
5. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
This book offers a common sense look at automating savings and investments and slowly building your wealth, no matter what income level you’re at. It’s a tool that will help students prepare for student loan debt repayment and retirement before ever entering the workforce.
6. Smart Women Finish Rich: 9 steps to Achieving Financial Security and Funding Your Dreams by David Bach
Here’s another best-seller by Bach, this time geared toward women specifically. It lays out 9 practical steps for managing any level of money and aligning wealth and goals with your values. These are steps students can start taking now to build a confident financial base in adulthood.
7. The Broke and Beautiful Life: Small Town Budget, Big City Dreams by Stefanie O’Connell
Stefanie O’Connell writes this book from her personal experience of moving to New York to pursue a career in acting. She is faced one of two inevitabilities when faced with unemployment–spiral into debt or learn how to effectively manage her money. This book offers practical strategies to make smarter financial decisions today as a means to fulfill the goals and dreams of tomorrow.
8. Debt Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents by Zac Bissonnette
This is a classic choice for the college-bound grad (and their parents.) Instead of accepting that college will be a massive sinkhole of debt, this book shows how to take action before choosing a college. The style is funny and easy to understand, and the tools are valuable throughout the entire college experience and beyond.
About Your Richest Life
At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. For more information on the services offered, contact Katie today.