There are a lot of common misconceptions about women and money — we’re risk-averse, splurge versus save, and struggle to manage our money, to name a few. While millennial women are believed to lack financial confidence when compared to their male peers, we display high confidence in areas like budgeting and bill paying, according to a consumer survey from Twine. In reality, women should never be taken lightly.
Several of my homegirls and I have had very candid conversations about getting financially fit in 2019. Along with downloading money management apps and clicking through a bevy of articles, we’re also picking up some books that will help us tackle our money resolutions. For those of us looking to become more financially conscious, these personal finance books are actually fun and will help you get on the road to financial freedom:
Money Diaries: Everything You’ve Ever Wanted to Know About Your Finances …and Everyone Else’s by Lindsey Stanberry
Many of us have the same questions and concerns surrounding dinero. If you’ve ever wondered about the spending habits of other millennial women, then this is the book for you. Not only do you get to see every detail of their spending over the course of a week, Lindsey Stanberry, author and editor of Refinery29‘s viral series Money Diaries, and women financial advisors provide easy-to-follow strategies you can start today. While you’ll get the tips on positioning yourself for a raise and how to navigate the hard money convos with your partner, if nothing else, this book encourages you to get very real about where you stand financially.
Naturally, when thinking about money, our minds go to needing more of it. But Jen Sincero is clear in her key wealth-building recommendation: master your mindset. Money experts can talk at length about the steps needed to add to your bank account, enhance your portfolio or turn your passion into profit; however, wealth starts with the right frame of mind. Sincero helps readers shift their thoughts from scarcity to abundance through gratitude.
Do you have a physical reaction to money-related topics? If so, this book is for you! With an M.A. in Somatic Psychotherapy, Bari Tessler provides a mindful, compassionate and practical approach to dealing with money. The Art of Money is not your traditional personal finance book, offering an opportunity to reflect upon your values and the role money plays in your life, as well as how to heal your relationship with it. You won’t just check your bank account, but your body, too.
A best-seller in the late 90s, this classic book, which has since been updated, informs through Barbara Stanny’s personal story of overcoming an ex-husband’s mismanagement of her money. It was the catalyst for her taking control of her finances, and she shares how you can do the same, especially when investing.
Nice Girls Don’t Get the Corner Office: 101 Unconscious Mistakes Women Make That Sabotage Their Careers by Lois P. Frankel
I’ll never forget flipping open Nice Girls Don’t Get the Corner Office. It was shortly after I left a position at a company that played by old-school rules. Though some of the tips in Nice Girls don’t apply to today’s career landscape, it provides insight on how to play the game in corporate America. You may not agree with everything Lois P. Frankel points out (for example, her opinion on the length of hair and tattoos in the workplace), but will find it overall to be valuable.
Pam Grout reminds us that gratitude is the foundation for attracting true wealth (and she’s talking more than money). She helps readers align with joy and gratitude, as well as enrich their portfolio with creative, social and spiritual capital. It may sound “fluffy,” but the book is an invite to allow the blessings designed for you to enter your life.
Once you read On My Own Two Feet, you’ll wish you’d read it sooner. It’s a personal finance book yet so easy to comprehend, and the authors ensure you’re equipped to take your finances by the reins with charts and a helpful index for reference. Topics addressed include saving, budgeting, investing and handling credit, as well as how to negotiate money with your partner.
Breaking through old patterns and thoughts is half the battle when getting your finances in order. Through simple exercises, meditations and worksheets, Dr. Maria Nemeth guides readers to financial success and helps them manifest their special contribution — purpose — to the world. Part-self-help and self-discovery, part-money management support, the book provides twelve principles to prosperity: consciously focus your money energy, defuse fears of deprivation and scarcity, and develop and stay on your personal path to abundance, to name a few gems.