Improving your financial literacy can be tough, especially at an early age.
There are very few courses in school that train you to manage your finances and help you navigate the world of investments and savings.
With this in mind, in honour of Financial Literacy Month, we thought it would be the perfect time to suggest some books to help you boost your financial savvy.
Without further ado, here is a quick list of our top seven books to read as a student:
Just a quick side note – these books aren’t necessarily all aimed at students, but they are very accessible and will help you lay the groundwork for financial success later on in life.
If you want to read a financial book without feeling like you’re reading a financial book, this is the book for you. Chilton’s good sense of humour really comes through in his writing, making it an interesting read. If you’re a student earning your first paycheque or you’ve just graduated and you’re wondering what to do with your money, you’ll find this book quite helpful.
Whether you’re just starting your post-secondary journey or you’re graduating in the spring, you’ll greatly benefit from reading this book. Rob Carrick is a Globe and Mail columnist who is known for saying it as it is. He gives it to you straight, talking in a candid and honest manner. In this book, Carrick shares everything students need to know to start their life as an adult successfully, including saving for post-secondary education, paying off student debt and building a credit score.
The book Rich Dad Poor Dad may be almost 25 years old, but the financial advice found inside remains timeless. Rich Dad Poor Dad is about laying the foundation for financial success early on in life. Robert Kiyosaki helps change your thinking of money and take better control of your financial lives. He helps teach you about how the wealthy think about money, so you too can be wealthy one day.
Ms. Scorgie’s book is the ultimate guide for young people looking to boost their financial lives. Do you think it’s impossible to be rich by 30 years old? Think again! Lesley-Anne teaches you everything you need to know to be financially successful early on in life. The book blends the perfect mix of going on the offense with your finances and resting back on defense. Lesley-Anne teaches you how to boost your income and how to save money and avoid being broke when you’re in school and graduate.
Being a student isn’t easy these days. Rising tuition fees, student debt and a lackluster job market means that students often find themselves struggling financially throughout their post-secondary education and beyond. This is what Kyle and Justin set out to change. The authors offer students all the tools they need to be financially successful throughout college and university. You’ll learn about student housing options, repaying student loans, saving money on textbooks and more.
Are you a cash strapped 20-something year-old? Chances are it’s not your fault. Unfortunately, financial literacy is lacking in school. Luckily, there are books like Broke Millennial to come to the rescue. This book shares the advice you need to know when it comes to your money as simply as possible. It tackles a variety of subjects, like managing your student loans, understanding your relationship with money and having fun with friends without breaking the bank.
Burn Your Mortgage by Sean Cooper is a must-read book for young adults. If your plan is to buy a home one day, Burn Your Mortgage helps you get your finances in order early on in life while you’re a student, so you’re ready to purchase a home post-graduation. It goes over the basics of personal finances, including building a budget, debt management and super charging your savings.