Books On Saving Money and Budgeting
What are the best books on budgeting and saving money?
Are you looking for books on saving money and budgeting to manage your money better and create financial success?
If so, then look no further!
Whether it’s learning how to pay off debt, building financial independence, creating a budget, investing in the stock market, or changing your beliefs about money, you will find that books provide valuable advice to help you take control of your finances.
So if you’re serious about taking charge of your financial future, keep reading to get the complete list of the best personal finance books.
We will start this list with one of the most classic books on personal finance: “The Psychology Of Money” by Morgan Housel.
This post may contain affiliate links, meaning if you make a purchase, I may earn a small commission, at no cost to you. Please read the disclosure for more information.
Best Books on Saving Money and Budgeting
1. The Psychology Of Money by Morgan Housel
Book Reviews:
“In this engaging and thought-provoking book, Morgan Housel shares timeless wisdom on how we think about money. The Psychology of Money should be required reading for anyone who wants to make better financial decisions.” – Daniel H. Pink, New York Times bestselling author of “Drive: The Surprising Truth About What Motivates Us” and “When: The Scientific Secrets of Perfect Timing“
“A brilliant and engaging guide to the most important question in personal finance: Why do we handle money the way we do?” – The Washington Post
“Housel’s observations often hit the daily double: they say things that haven’t been said before, and they have implications that go far beyond the topic at hand.” – The Motley Fool
Summary of this Saving Money and Budgeting Book:
As Morgan Housel says in this book, Psychology of Money, managing your money isn’t about what you know but how you behave.
So, if your money behaviors don’t align with your financial goals, this book is a great place to start.
The book offers an in-depth look at how personal finance affects our daily lives and relationships.
It covers everything from why we save money to why we fail when managing our finances.
If you are ready to better understand your financial behaviors and how to make positive change, this book is a great place to start.
However, there may be better options if you are looking for a step-by-step guide.
The author shares many anecdotal stories and philosophical lessons, which are inspiring, but does not offer any practical tips or strategies to make lasting change.
Book Quotes:
“The single most important variable to how much wealth you build over time is how long you can stay invested in the market.”
2. The Total Money Makeover by Dave Ramsey
Book Reviews:
“If you will live like no one else, later you can live like no one else. Build up your money muscles with America’s favorite finance coach.” – Dr. Arthur B. Laffer, economic advisor to President Ronald Reagan
“Ramsey offers much practical advice on how to get rid of debt and start saving money.” – Library Journal
“Dave Ramsey’s strategies for achieving financial freedom are easier than you may think.” – The Huffington Post
Summary of this Book about Savings Money and Budgeting:
In contrast to the book listed above, this book by Dave Ramsey has many practical tips and strategies, perfect for anyone who wants to live a debt-free life.
The Total Money Makeover by Dave Ramsey offers advice on how to pay off debt, build an emergency fund, invest for retirement, and make intelligent financial decisions.
It also provides the following:
- A step-by-step guide on setting goals.
- Advice on how to create a monthly budget that works for you.
- Strategies to help you stay motivated while reaching your financial goals.
With inspiring stories from people who have succeeded with the Total Money Makeover method, this book will surely be an invaluable resource for anyone looking to take control of their finances.
On the flip side, if you are more interested in investment advice than living a debt-free life, this book will offer less value to you.
Book Quotes:
“If you want to change your life, you must first change the way you think.”
“The borrower is slave to the lender.”
“Personal finance is 80% behavior and only 20% head knowledge.”
“You must gain control over your money or the lack of it will forever control you.”
“If you won’t listen to someone who’s been there, done that, and has the track record to show for it, then who will you listen to?”
No products found.
3. Rich Dad Poor Dad by Robert Kiyosaki
Book Reviews:
“Robert Kiyosaki’s work in education is powerful, profound, and life-changing. I salute his efforts and recommend him highly.” – Anthony Robbins, author of “Awaken the Giant Within” and “Unlimited Power”
“Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future.” – USA Today
“His perspectives on money and investing are unique, provocative, and liberating.” – Harvard Business School
Summary of this Book for Saving Money and Budgeting:
Robert Kiyosaki’s books on money and investing have become a staple in many self-help libraries.
In Rich Dad Poor Dad, Kiyosaki shares his story of growing up with two dads – one a highly successful business tycoon and the other a financially strapped single father.
He uses his experiences to showcase how our upbringing and background can dramatically impact how we think and feel about money. But, it also proves that anyone can create financial success regardless of background.
So, if you want an insight into the mindsets and strategies of successful entrepreneurs and investors, Rich Dad Poor Dad is an excellent resource.
But, if you are looking for a step-by-step guide on how to start investing, this book will offer less value. This next one on the list might be more helpful.
Book Quotes:
“The poor and the middle class work for money. The rich have money work for them.”
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”
“The rich focus on their asset columns while everyone else focuses on their income statements.”
“The more a person seeks security, the more that person gives up control over their life.”
“The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing. They’re always pushing.”
4. Get Good With Money by Tiffany Aliche
Book Reviews:
“Get Good with Money is an extraordinary resource for anyone looking to take control of their financial life. Tiffany Aliche combines her personal story with actionable advice to provide a roadmap for financial success.” – Chris Hogan, bestselling author of “Everyday Millionaires”
“Tiffany Aliche delivers a powerful message of hope and possibility in Get Good with Money. Her practical steps and compassionate guidance will inspire readers to take control of their finances and transform their lives.” – Farnoosh Torabi, host of the “So Money” podcast
“Tiffany Aliche’s energy and expertise shine through in this comprehensive guide to personal finance. Get Good with Money is an invaluable resource for anyone ready to make positive changes in their financial life.” – David Bach, author of “The Automatic Millionaire”
Summary of this Book on Saving Money and Budgeting:
If you are someone who knows what you need to do to manage your money better, but you need help with implementation and discipline, this book is for you.
In Get Good With Money Tiffany Aliche provides practical advice and simple steps readers can follow to become more organized and motivated regarding their finances.
With detailed exercises and worksheets that help you stay on track, Aliche makes money management fun and achievable for anyone.
Where this book falls short is if you are looking for in-depth investment advice.
It primarily focuses on budgeting and saving money, not investing.
While this is great for anyone who needs to start by building a sound financial foundation, it may not be helpful for someone with good habits already in place with their money.
Book Quotes:
“You don’t need a six-figure income to build wealth. You need the right mindset, knowledge, and tools to make the most of what you have.”
“Financial success is not about perfection; it’s about progress. Take small steps consistently, and they will lead to significant results.”
“Your financial goals should reflect your values and dreams. Align your money with what matters most to you.”
“Don’t be afraid to ask for help and seek guidance on your financial journey. You don’t have to do it alone.”
“Financial wellness is a lifelong pursuit. It’s about building a solid foundation, making wise choices, and continuously learning and growing.”
5. The Money Book for the Young, Fabulous & Broke by Suze Orman
Book Reviews:
“Orman has a knack for addressing the pressing personal finance issues of the day with thoughtful and powerful advice.” – USA Today
“Orman’s book is a smart, concise, and down-to-earth guide to personal finance for young people.” – Publishers Weekly
“Filled with real-life anecdotes, easy-to-understand explanations, and sound strategies, Orman equips young adults with the knowledge and confidence to take control of their financial lives.” – Library Journal
Summary of this Book on Budgeting and Saving Money:
This book is a must-read for anyone looking to break away from the paycheck-to-paycheck cycle and start building wealth.
And even though the target audience for this book is 20 or 30-year-olds, the tips Sue Orman lays out are helpful for all ages.
The Money Book for the Young, Fabulous, and Broke addresses vital issues such as how to pay off student loans, budgeting, investing, and more.
It even provides an action plan to help you get on the right track with your finances.
While most readers of this book thoroughly enjoy the information shared, it has been described by some reviewers as too simplistic.
This book is not the best choice if you are looking for books on more sophisticated money management strategies.
Book Quotes:
“You alone have the power to change your financial situation. It all starts with the decisions you make.”
“Debt is bondage. It robs you of your freedom and limits your options. Get out of debt as soon as possible.”
“The key to financial success is living within your means and prioritizing your financial goals.”
“Investing in yourself is the best investment you can make. Focus on improving your skills, education, and earning potential.”
“Don’t be afraid to dream big, but make sure your financial goals are realistic and achievable. Take small steps towards your dreams every day.”
6. You Are a Badass at Making Money by Jen Sincero
Book Reviews:
“Jen Sincero helps readers break through the mental barriers holding them back from financial success. Her witty and down-to-earth approach makes money management approachable and fun.” – Forbes
“Sincero’s relatable writing style and practical advice make this book a must-read for anyone looking to transform their relationship with money.” – MindBodyGreen
“You Are a Badass at Making Money is an empowering guide that challenges conventional beliefs and inspires readers to take control of their financial destiny.” – Success Magazine
Summary of this Book for Saving Money and Budgeting:
Many people blame their financial problems on external factors.
However, Jen Sincero teaches readers that taking control of their finances means understanding their mental and emotional blocks around money.
You Are a Badass at Making Money helps readers to:
- Recognize and overcome their limiting beliefs about money.
- Develop the right mindset.
- Stop self-sabotaging behavior.
- Create a plan to start making money.
It also includes practical advice on how to approach investing and tax planning.
While this book is excellent for anyone looking to change their mindset around money, it will offer less value if you want books on budgeting and saving.
If you have mindset blocks about money, pair this book with another that teaches about savings and budgeting.
Put together, and you will have a comprehensive approach to financial success.
Book Quotes:
“The first step to making money is to decide that you are ready and deserving of financial abundance.”
“Your thoughts and beliefs shape your financial reality. Replace limiting beliefs with empowering ones that align with your goals.”
“Taking risks is essential for achieving financial success. Embrace discomfort and be willing to step out of your comfort zone.”
“Shift your focus from scarcity to abundance. Cultivate gratitude for what you have and open yourself up to receiving more.”
“Invest in yourself and your personal growth. Your mindset and skills are valuable assets that can lead to financial prosperity.”
7. I Will Teach You To Be Rich by Ramit Sethi
Book Reviews:
“Sethi’s book is filled with solid information for anyone who wants to shore up their financial life.” – The New York Times
“A unique voice on personal finance, Sethi is practical, funny, and hyper-focused on helping young adults get their financial lives in order.” – Forbes
“I Will Teach You To Be Rich is a smart, no-nonsense guide to personal finance that anyone can follow.” – USA Today
Summary of this Book about Saving Money and Budgeting:
While many financial gurus will tell you that the key to financial success is reducing as many expenses as possible and tracking all of your spending, Ramit Sethi takes a different approach.
In I Will Teach You to be Rich, Ramit explains that the best way to build wealth is by understanding your values and goals and developing a plan that aligns with those objectives.
He covers important topics such as automating your finances, investing in the stock market and real estate, negotiating salaries with your employer, and creating multiple income streams.
Even though it is refreshing to read a book that doesn’t regurgitate the same ‘spend less and save more’ advice, if you are looking for books that focus purely on budgeting and saving money, this book is not the best choice.
Book Quotes:
“Spend extravagantly on the things you love, but cut costs mercilessly on the things you don’t.”
“The best time to start investing is today. Time in the market is more important than timing the market.”
“Automate your finances to ensure your bills are paid on time and your savings and investments grow without effort.”
“To build wealth, focus on earning more, saving more, and investing wisely.”
“Become conscious of your spending habits and align them with your values and long-term goals.”
8. The Simple Path to Wealth by JL Collins
Book Reviews:
“JL Collins’ book is a gem filled with timeless advice on investing and financial independence. It’s a must-read for anyone seeking financial security and peace of mind.” – Mr. Money Mustache, blogger and author of “Early Retirement Extreme”
“The Simple Path to Wealth simplifies the complex world of investing and provides a clear roadmap to financial freedom. Collins’ conversational style makes it an enjoyable and informative read.” – Forbes
“Collins offers a refreshing perspective on money and investing, debunking common myths and guiding readers towards a simple yet effective strategy for long-term wealth accumulation.” – Kiplinger’s Personal Finance
Summary of this Book about Saving Money and Budgeting:
Let’s face it, some aspects of managing money and building wealth are complex and hard to understand.
What are 401(K)s?
How do you buy stocks or mutual funds?
What’s the best way to invest in real estate?
In The Simple Path to Wealth, JL Collins breaks down these topics and explains them in simple language that anyone can understand.
It’s perfect for beginners or people who need to be financially literate.
However, if you are already knowledgeable in finance, there will be better books for you to read on this list.
Book Quotes:
“The single most powerful factor in getting rich is not the stock you pick or the strategy you follow; it’s how much of your income you save and invest.”
“Investing should be simple, low-cost, and passive. Don’t try to beat the market; aim to capture its long-term growth.”
“Financial independence is not about extreme frugality or deprivation. It’s about making intentional choices and living a life aligned with your values.”
“Time is your greatest asset in investing. Start early, stay invested, and let the power of compounding work for you.”
“Simplicity, patience, and discipline are the keys to successful investing. Stick to a plan, ignore market noise, and stay the course.”
9. The Millionaire Next Door by Thomas J. Stanley
Book Reviews:
“The Millionaire Next Door is a fascinating examination of the common traits and behaviors of America’s wealthy. It shatters myths about millionaires and offers valuable lessons for anyone looking to build wealth.” – Money Magazine
“Stanley’s research provides a rare glimpse into the lives of millionaires and uncovers the surprising factors that contribute to their success.” – The Wall Street Journal
“The Millionaire Next Door is a must-read for anyone who wants to understand the true path to financial independence and how ordinary individuals can accumulate wealth over time.” – Business Insider
Summary of this Saving Money and Budgeting Book:
Have you ever wondered what separates the wealthy from the not-so-wealthy?
The Millionaire Next Door puts the spotlight on how millionaires actually live.
Thomas J. Stanley’s research uncovered that most millionaires are pretty frugal and focus more on investments than spending.
This book also provides an exciting look into the habits and behaviors that have made millionaires successful, so you can start applying these same habits and behaviors in your own life.
While this book provides excellent insight, it does not necessarily offer any tips or suggestions on what to do with additional money for investments including investing in real estate, arguably one of the most important investments you can make.
Book Quotes:
“Building wealth is not about living a flashy lifestyle; it’s about discipline, hard work, and making smart financial decisions.”
“The key to accumulating wealth is living below your means and consistently saving and investing a portion of your income.”
“Millionaires prioritize financial independence over displaying high social status. They focus on building wealth rather than spending it on material possessions.”
“Wealth is often the result of years of consistent savings and smart investments, rather than a stroke of luck or an inheritance.”
“Success is not measured by the car you drive or the house you own; it’s measured by the financial security and freedom you have.”
10. Grow Your Money By Clever Girl Finance
Book Reviews:
“In light of the unfortunate gender wage and investment gaps, this book is full of pragmatic wisdom, encouraging advice, and crystal clear explanations. This is how Bola unpacks the whys and the ways of the world of investing—emboldening women of all ilks to put their money to work (sooner!) for their long-term gain.” – Roshi Givechi, Design Strategist; former Executive Design Director and Partner, IDEO
“From starting your professional career to seasoned executive, Bola’s investment book is a must-have in your personal finance library. She builds confidence with a bold but pragmatic mentoring voice during important financial and critical life decisions! She is a visionary leader needed, especially during challenging times.” -Maureen Jules-Perez, Technology Executive, Inventor, and Strategist
Summary of this Book about Money Saving and Budgeting:
Unfortunately, there is a bit of stigma in our society that only men are good at investing and managing their money.
But this book by Clever Girl Finance is dedicated to helping women take control of their finances and learn how to grow their money.
Grow Your Money covers essential topics such as budgeting, debt reduction strategies, investing basics, and creating multiple income streams.
It also provides actionable tips and advice to help women become financially independent.
Unfortunately, this book was not written for beginners.
So, if you are starting to take control of your finances, one of the other books on this list is a better option to read.
Then you can come back to this book when you’re ready.
Book Quotes:
“Adjust your mindset; empower yourself to succeed.”
“Clever girls know…Investing is an essential part of being able to achieve the big financial goals you have for life.”
11. Secrets of the Millionaire Mind by T Harv Eker
Book Reviews:
“Eker’s high-energy, ‘cut-to-the-chase’ style keeps his audience spellbound. Tons of practical information.” – National Post
“Eker has an excellent way of starting each chapter with a bang, providing a ton of value from the outset.” – The Huffington Post
“This book shows you how to identify your own money blueprint and ‘reset’ it for extraordinary success.” – Brian Tracy, author of “The Psychology of Achievement”
Summary of this Book to learn about Saving Money and Budgeting:
T. Harv Eker explains in Secrets of the Millionaire Mind that it’s not about how much money you make but how you think about it that matters most.
It’s why so many people struggle with money, even if they’re making a decent salary.
Eker breaks down the 17 “wealth files” that millionaires use to become successful, such as thinking positively about money and understanding the importance of setting financial goals.
It’s a great book for anyone looking to change their mindset and build wealth.
However, this book can be viewed as overly simplified.
While this is ideal for beginners, it is not helpful for readers looking for more in-depth information on specific topics.
Book Quotes:
“The only way to change your outer world is to first change your inner world. If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible.”
“Your income can grow only to the extent that you do.”
“The number one reason most people don’t get what they want is that they don’t know what they want.”
12. Broke Millennial by Erin Lowry
Book Reviews:
“A great introduction to personal finance that will appeal to readers who are overwhelmed by money matters.” – Library Journal
“Lowry’s conversational style and candid anecdotes make for an approachable take on topics such as budgeting, dealing with student loans, and even negotiating a higher salary.” – Publishers Weekly
“Erin Lowry is a smart and savvy millennial who offers real-life solutions to real-life financial challenges. Her advice is solid, easy to understand, and actionable.” – Jean Chatzky, financial expert and author
Summary of this Book about How to Save Money and Budget:
Millennials, listen up because this might be perfect for you.
In Broke Millennial, Erin Lowry offers a fresh and humorous approach to personal finance that is ideal for millennials.
It’s an excellent book for anyone who wants to ditch debt and start saving for the future but needs to know where to begin.
Some topics covered include paying off student loan debt, budgeting, investing, and more.
Lowry also provides step-by-step guidance on how young adults can start taking control of their money immediately to build wealth at a young age.
Erin Lowry highlights how doing this can help you chart the path to early retirement.
Where this book falls short is for anyone who has read other financial books or has more experience with personal finances.
It’s perfect for millennials or young adults getting started, but experienced readers may find it too basic.
Book Quotes:
“Personal finance is just that: personal. It’s about finding what works for you and your money style. It’s about aligning your money with your values.”
“No one is going to care more about your money than you do.”
“Financial success isn’t about the amount of money you make; it’s about what you do with the money you have.”
No products found.
Best Books On Saving Money and Budgeting
If you are looking for financial books to help you start saving money and budgeting, then the books listed above can be a great starting point.
Whether you want to improve your financial literacy, live a debt-free life, build wealth, or even learn to stick to a budget, there is something for everyone.
And don’t let a lack of finances or time stop you from reading any of these books.
To read these books for free, borrow them from your local library.
And if you’re short on time, consider getting the audiobooks instead.
With the right books and some hard work, you will be on the right track with your finances in no time!
Recap of the Best Books On Saving Money and Budgeting
1. The Psychology Of Money by Morgan Housel
2. The Total Money Makeover by Dave Ramsey
3. Rich Dad Poor Dad by Robert Kiyosaki
4. Get Good With Money by Tiffany Aliche
5. The Money Book for the Young, Fabulous & Broke by Suze Orman
6. You Are a Badass at Making Money by Jen Sincero
7. I Will Teach You To Be Rich by Ramit Sethi4.
8. The Simple Path to Wealth by JL Collins
9. The Millionaire Next Door by Thomas J. Stanley
10. Grow Your Money By Clever Girl Finance
11. Secrets of the Millionaire Mind by T Harv Eker
12. Broke Millennial by Erin Lowry
Related Articles on Best Books on Savings Money and Budgeting:
- Great Money Books For Women
- Best Personal Finance Books Of All Time
- Best Finance Books for Beginners
Enjoyed this post?
It would be great if you could share it and follow me on Pinterest or Facebook.
