Top 10 Best Money Management Books

What is Money Management?

Money management is the process of making decisions about how to best use your money to achieve your financial goals. It includes creating a budget, tracking your spending, and making changes to your spending habits.

There are many different money management strategies that you can use, and the best strategy for you will depend on your specific financial goals. However, there are some general principles that can help you get started.

1. Start by creating a budget.

The first step in effective money management is to create a budget. A budget will help you track your income and expenses so that you can see where your money is going. It will also help you identify areas where you may be able to cut back on spending.

2. Track your spending.

Once you have a budget in place, it is important to track your spending. This will help you see how well you are sticking to your budget and where you may need to make changes. There are many different ways to track your spending, such as using a budgeting app or keeping a spending journal.

3. Make changes to your spending habits.

If you find that you are not sticking to your budget, or that your spending is putting you at risk of not reaching your financial goals, it may be time to make some changes to your spending habits. This could involve cutting back on unnecessary expenses, or redirecting your money towards more important goals.

Money management is an important skill to have, and it can take some time to learn how to do it effectively. However, if you are willing to put in the effort, it can be a very helpful tool in achieving your financial goals. Please review the list that we create to below to help you in your understanding of Money Management.

Money Management Books

by Dave Ramsey

You CAN take control of your money. Build up your money muscles with America’s favorite finance coach.

Okay, folks, do you want to turn those fat and flabby expenses into a well-toned budget? Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. There’s one sure way to whip your finances into shape, and that’s with The Total Money Makeover: Classic Edition.

By now, you’ve heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. Hey, if you’re tired of the lies and sick of the false promises, take a look at this—it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With The Total Money Makeover: Classic Edition, you’ll be able to: 

  • Design a sure-fire plan for paying off all debt—meaning cars, houses, everything
  • Recognize the 10 most dangerous money myths (these will kill you)
  • Secure a big, fat nest egg for emergencies and retirement!

by James Moore

Do you want to save more money without denying of enjoyable things?

Probably everyone faced a situation: you got a salary, it seems you can not only pay for personal needs but also save for something important. But at one moment you discover only a small reminder of your savings. Although your expenses were based only on what is necessary. Then all desires are reduced to a minimum, to wait for the next salary. And the same thing happens again. Eventually, you turn up in a vicious circle from where is difficult to get out by yourself. The GOBankingRates did some digging to learn how much we spend on a daily basis and found that the average American spends $164.55 a day. That amounts to just over $60,000 a year. That is okay for people who can afford it. But not for those spending down their entire paychecks and racking up debt. So we need to fix it that and learn how to manage of own savings. 

In Personal Money Managementyou will find:

  • How to manage your savings
  • Money-saving habits
  • Minimalism lifestyle advantages
  • Savings guide
  • How to spend less money every day
  • How to pay off your debt
  • Zero Spending month
  • Different tips and strategies, which will change your life

by Morgan Housel

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

by Rachel Richards

Let’s face it: Adulting is hard, especially when it comes to money management. In Money Honey, former financial advisor Rachel Richards achieves the impossible by bringing humor and sass to the dreaded subject of personal finance. An avid investor and business owner, Rachel talks straight about how to attain financial freedom. You’ll find no shortage of valuable nuggets in this tough-love guide that will teach you how to: •Double your income and halve your expenses •Consolidate your student loans and lower your interest rate •Open a brokerage account and make a trade so that you can start investing in the stock market •Allocate your money between debt payoff, short-term savings, and retirement •…and lots more! Most importantly, you’ll learn Rachel’s 7 Simple Steps for getting your financial $hit together. If you’re ready to whip your finances into shape and have fun while doing so, this book is for you.

by Cary Siegel

Bestselling 5 Star Graduation Gift for both College and High School grads! Recommended by eBay, Forbes, Lifehack, Elite Daily, Real Simple and Bustle. Why do high schools and colleges require students to take courses in English, math and science, yet have absolutely no requirements for students to learn about personal money management? Why Didn’t They Teach Me This in School? 99 Personal Money Management Lessons to Live By was initially developed by the author to pass on to his five children as they entered adulthood. As it developed, the author realized that personal money management skills were rarely taught in high schools, colleges and even in MBA programs. Unfortunately, books on the subject tend to be complicated, lengthy reads. The book includes eight important lessons focusing on 99 principles that will quickly and memorably enhance any individual’s money management acumen. Unlike many of the personal money management books out there, this book is a quick, easily digested read that focuses more on the qualitative side than the quantitative side of personal money management. The principles are not from a text book.

by Consumer Dummies

Want to take control of your finances once and for all? Managing Your Money All-in-One For Dummies combines expert money management with personal finance tips. From credit cards and insurance to taxes, investing, retirement, and more, seven mini-books show you how to improve your relationship with money ― no matter your age or stage of life.

This easy-to-understand guide shows you how to assess your financial situation, calculate debt, prepare a budget, trim spending, boost your income, and improve your credit score. You’ll find ways to run a money-smart household, reduce waste, and cut medical and transportation expenses as you tackle your debt head-on and develop good saving habits. You’ll even get help choosing the right mortgage and avoiding foreclosure, saving for college or retirement, and determining your home-, car-, and life insurance needs. Discover how to:

  • Take charge of your finances
  • Manage home and personal finances
  • Lower your taxes and avoid tax audits
  • Plan a budget and scale back on expenses
  • Deal with debt and negotiate with creditors
  • Save and invest safely for college or retirement
  • Protect your money and assets from fraud and identity theft
  • Ensure a comfortable retirement
  • Plan your estate and safeguard a will or trust

Managing Your Money All-in-One For Dummies brings 

by Marie Reign

Stephen Covey says, “Your economic security does not lie in your job; it lies in your own power to produce—to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; it’s having the power to produce wealth.” There are many stressors in our family lives and one that shouldn’t be prevalent is finances. Two people commit to each other because they are fond of one another and want to spend the remainder of their lives together. Unfortunately, money does make the world go round and it’s a crucial factor in living a successful life.

Your family shouldn’t have to carry the burden of living from paycheck to paycheck, scrounging at the bottom of the pit. Your wife deserves that new dress she saw in the window and your son needs to go to college to be his own success story. Financial management is something we often only learn in our adult life and no one can create our independence as much as we can do it ourselves. Families fall into the trap of debt and savings don’t exist. Approximately 76 million American citizens are classified as middle or low-income earners according to USA Today (Davidson, 2018). That’s 60% of the population.

by Gilbert L. Alston and Tiffany B. Alston

Gilbert L. Alston started developing strategies for management after being exposed to the world of management for several decades. He developed a passion for the effective supervision of productive employees. Upon noticing that ridged management policies produced unwanted results, he began documenting how to instill intrinsic motivation in his team. The techniques in this book were developed and implemented over 40 years ago and the contents are still valid today.

by Dave Ramsey

If you’re looking for practical information to answer all your “How?” “What?” and “Why?” questions about money, this book is for you. Dave Ramsey’s Complete Guide to Money covers the A to Z of Dave’s money teaching, including how to budget, save, dump debt, and invest. You’ll also learn all about insurance, mortgage options, marketing, bargain hunting and the most important element of all―giving.

by Suze Orman

Retirement today is more complex than ever before. It is most definitely not your par­ents’ retirement. You will have to make deci­sions that weren’t even part of the picture a generation ago. Without a clear-cut path to manage the money you’ve saved, you may feel like you’re all on your own. Except you’re not—because Suze Orman has your back.

Suze is America’s most recognized per­sonal finance expert for a reason. She’s been dispensing actionable advice for years to people seeking financial security. Now, in The Ultimate Retirement Guide for 50+, she gives you the no-nonsense advice and practical tools you need to plan wisely for your retirement in today’s ever-changing landscape. You’ll find new rules for downsizing, spending wisely, delaying Social Security benefits, and more-starting where you are right now.