Personal finance books come in two varieties: entertaining or drier than twice-reheated pork chops. So, you may not think of giving recent graduates personal finance books for fear of wasting your money on a book they’ll never read (see: pork chops).
That said, there are some fantastic personal finance books out there! I love giving these five books as graduation gifts because they all teach wise financial decisions in relatable ways so grads start out their young lives on the right financial foot.
I love giving The Latte Factor as a gift to everyone, not just recent grads. This book is short and sweet, but very impactful. It teaches that no matter where you are in your personal finance journey, you have the power to achieve your financial goals. You’re richer than you think (and you didn’t have to take any big leaps to make that your reality)!
I Will Teach You to...
The very first personal finance book that I ever read was David Bach's Smart Women Finish Rich. I was in my early 20's at the time, and it was the financial education I never got in school on how to improve your finances. It opened my eyes to a lot of things - about how spending is a reflection of our values, the power of saving consistently over time, and how to avoid common financial mistakes.
Over the years, I have read some of David Bach's other books as well, so I was looking forward to the release of his latest, The Latte Factor.
This book is different from Bach's other books. It's a parable that teaches basic personal finance concepts through the story of a young woman named Zoey. The text is very readable for a book about personal finance, and Zoey is a very relatable character. If you are having a hard time figuring out how to save for the things you want, I highly recommend it.