In this post, we will go over the Top 10 Best Books on Budgeting to help you manage your money better!
Are you tired of your reckless spending and looking for a solution to help you manage your finances?
Are you looking for some helpful books on budgeting?
Well, you’re in the right place!
One of the best beginner tips you’ll learn from books on budgeting is the 50-30-20 Rule!
What is the 50-30-20 rule you ask?
The 50-30-20 budgeting rule states that you should allocate your paycheck/income by splitting:
- 50% for Needs
- 30% for Wants
- 20% for Savings or Debt Repayment
These books on budgeting are GREAT because they will teach you:
- How to properly manage your money
- Inspire you to make more intentional choices with your spending
- The importance of knowing where your money is going
- How to get out of debt
- How to save more
- How to build wealth for the future
About Me: My name is Miguel and I’m a simple living and budget spreadsheet expert! I’ve been decluttering my life since 2018 and love everything simple living related. I aim to help you learn how to live a simple life, become intentional with your spending, and manage your money right!
Disclosure: This post may contain affiliate links, which means I’ll receive a commission if you purchase through my links, at no extra cost to you. Please read the full disclosure for more information.
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Top 10 Best Books on Budgeting to Master Your Finances:
Here are the best books on budgeting and saving money!:
- The Total Money Makeover
- Own Your Money
- Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth
- Money Hacks
- I will Teach You to Be Rich
- Broke Millennial
- You Need a Budget
- The 30-Day Money Cleanse
- How to Adult
- Why Didn’t They Teach Me This in School?
1. The Total Money Makeover
The Total Money Makeover by Dave Ramsey is a classic book on budgeting!
Some may question Ramsey’s advice on certain subjects like debt, however, if you look at his track record and success stories, you’ll see that for a majority his advice seems to work!
His advice may not be for everyone, but he has helped thousands of people learn to manage their money and get out of crippling debt!
2. Own Your Money
Own Your Money is a profound book about budgeting that goes over various topics related to personal finance.
On top of being a very informative book on budgeting, the author Michela Allocca goes over important financial topics like:
- Budgeting strategies: 50/30/20 Budget, Zero Based Budget, and 3-Bucket Budget
- How to save
- How to create a spending plan
- How to Invest
- Important career advice
You’ll really love this budgeting book and want to share it with others!
3. Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth
Clever Girl Finance is one of the best Finance blogs out there and gives great financial advice to empower women!
Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth is an awesome book on budgeting that has the goal in mind to “transform your money mindset and be accountable for your financial well-being.”
In the book, the author and creator of the successful Clever Girl Finance Website, Bola Sokunbi, gives advice from personal experience.
She outlines poor money mistakes and how you can learn to make proper financial decisions!
4. Money Hacks
Money Hacks is packed with tons of financial advice!
This is another book about budgeting that covers a wide range of personal finance topics!
Money Hacks helps with:
- Paying down debt
- Starting an emergency fund
- Making well-informed decisions on major purchases
5. I will Teach You to Be Rich
I Will Teach You to Be Rich by Ramit Sethi is one of the most popular books about budgeting of all time!
Ramit Sethi is a best-selling author and delivers an epic perspective of budgeting, money management, and spending!
His no-nonsense approach delves into topics like:
- Maximizing credit card benefits
- Getting out of student loan debt
- Negotiating a raise
- Automatic payment systems
- Overcoming mental barriers
Check out his classic book on budgeting and reap the benefits!
6. Broke Millenial
Broke Millenial by Erin Lowry is a great book on budgeting for those 20-30-year-olds!
This super helpful budgeting book for young adults is perfect for those peeps right out of college and starting their careers.
Broke Millennial covers topics like:
- How to manage your finances
- How to manage your student loan debt
- How to discuss finance and debt with your partner
7. You Need a Budget
You Need a Budget by Jesse Mecham is a budgeting book driven to help you get out of the paycheck-to-paycheck cycle, get out of debt, and save more money!
The point of this all is to help you feel less restricted and feel more liberated!
You Need a Budget will really delve into the benefits of budgeting! Check it out today!
8. The 30-Day Money Cleanse
The 30-Day Money Cleanse by Ashley Feinstein Gerstley is all about removing anxiety around finance and helping you to live the life you love!
Ashley is driven to help you release the stress and anxiety related to managing your finances.
Ashley is a financial wellness expert and offers a 30-day program to help you transform your personal finances!
In her book about budgeting you’ll learn how to:
- Develop a realistic budget
- Find areas for improvement
- Created healthy money habits that will last
- Build and sustain an emergency fund
- Pay off debt strategically and quickly
- Invest to grow your wealth and create a stable financial future
- Develop a positive mindset with your money
Check out Ashley’s awesome book on budgeting and you won’t regret it!
9. How to Adult
How to Adult by Jake Cousineau is another great resource for young adults and recent graduates when it comes to finance and living on a budget!
Not only will this personal finance book teach you about budgeting, it will also teach you various financial topics over a wide scope of life.
This includes:
- Helping you build a foundation for personal finances
- Help you understand wealth-building
- Help you to avoid any financial mistakes
- How to budget, save more money, and to make smart investing choices
- An overview of taxes and insurance
- How to prepare for large expenses you may face in your life
Check out Jake’s super helpful book about budgeting today!
10. Why Didn’t They Teach Me This in School?
This is one of the best books on budgeting for young adults!
Why Didn’t They Teach Me This in School by Cary Siegel is an easy-to-digest guide that includes 8 lessons that center around 99 principles that will improve your money management skills and financial literacy!
This helpful budgeting book is all about providing practical financial principles that you can apply to your life and implement quickly!
Check out Cary’s book on budgeting and you’ll improve your finances in no time!
Benefits of Budgeting
There are tons of benefits to living on a budget and managing your finances intentionally!
If you’ve never tried to track your monthly income and expenses, then you’re missing out on the potential benefits to your financial future and sense of well-being and reduced stress around money!
Can we all agree we’d love to have 0…nada…Absolutely NO STRESS when it comes to money!?
Obvi you should say yes! No question!
Budgeting will be your first steps to getting there!
1. Know Where Your Money is Going
One the best benefits of budgeting and tracking your expenses is the fact that you’ll finally be able to see where all of your money is going and where you spend the most!
This can be hard for some especially when you know you overspend in certain categories like:
- Food
- Clothes
- General shopping
But after you get over this initial fear of seeing these numbers in full, you’ll be much better off because once you see the problem, you’ll be more equipped to solve it and make the necessary changes!
More Intentionality With Your Money
Once you’re able to see how much you spend on each category over time, you’ll be able to begin to see a spending limit and decide where you’d like to allocate extra money for savings and other long-term goals.
Thus allowing your budget to help you become more intentional with your spending by helping you actually plan out what you’re gonna do with your money, rather than just spending willy nilly and hoping to save somehow.
Reduced stress
Finally, when you’re living on a budget and you know where your money is going, you’re less likely to experience anxiety and stress with your finances.
Even if you have large debts to pay, you’ll have a small added peace of mind knowing that you have a debt payoff plan and you’re monitoring your spending and looking to cut back in different areas.
2. Save More
One of the most obvious benefits of budgeting is the fact that you’ll be able to save more money and reach your savings goals faster!
Reaching these savings goals faster will be incredibly gratifying and allow you to enjoy your life and experience what you want to instead of delaying and wishing you could.
Achieve fun experiences
As we just mentioned, saving more will open you to new experiences!
Here are some of the benefits of budgeting in order to save more:
- Afford a nice family vacation or solo vacation
- Save for a new home
- Afford new experiences
- Invest to build wealth for the future
3. Get out of Debt Faster
Just like saving more, getting out of debt faster is one of the greatest benefits of budgeting that you’ll ever find!
Getting out of debt is like a domino effect with your finances and give you so much more financial flexibility.
Let me explain…
Once you’re out of debt, not only will you have more peace of mind, but you’ll also be able to save more and if you can save more, you’ll be able to hit your financial goals faster!!
See how that works!!??
So start living on a budget and get out of debt ASAP!!
Here are some of the benefits of getting out of debt for good:
- Get closer to financial freedom
- Ability to build wealth for your future and your kid’s future
- Ability to save for large life expenses
- Take more financial risks like starting a business or online business like a blog
- Remove stress related to overwhelming stress
FAQs For Best Books About Budgeting
Best Books on Budgeting for Beginners
Here are some of the best books on budgeting for beginners:
Budgeting Books For Young Adults
Here are some of the best budgeting books for young adults:
Best Budget Planner Book
One of the best budget planner books that I’ve found out there is from one of my favorite blogs Mint Notion.
The creator of Mint Notion and author Eden Ashley created The Intentional Spender e-book to help you become a conscious spender and create a realistic budget!
Her e-book includes helpful spending tips as well as a printable budget planner that will help you reach your financial goals!
Challenges You May Face When Living on a Budget
Now living on a budget may seem exciting on paper, but it’s much harder in practice…
The Challenge of Budgeting: Living on a budget and sticking to it is so much harder than we think because spending is linked to our emotions and behavior.
Often times we can be impulsive and reactive. Thus, causing us to spend unnecessarily if we aren’t careful.
The Solution: But don’t be afraid you just need to develop discipline and create a budget plan! This can be done by using a printable budget or a simple budget spreadsheet!
All in all, I’m hoping these books on saving money and budgeting will help you to master your finances!
Top 10 Best Books on Budgeting
About Me: My name is Miguel and I’m a simple living and budget spreadsheet expert! I’ve been decluttering my life since 2018 and love everything simple living related. I aim to help you learn how to live a simple life, become intentional with your spending, and manage your money right!
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