Book on Personal Finance/Budgeting for young adults

[Barefootgirl]

Can someone recommend a good book for college grads just starting out who need to learn how to budget, manage credit and start saving? (They are not yet ready to listen to their parents)

Thanks!

[dolphintraveler]

This one is free and online and a great place to start:
https://www.etf.com/docs/IfYouCan.pdf

[BL]

This one is free and online and a great place to start:
https://www.etf.com/docs/IfYouCan.pdf

+1
Amazon also sells a print edition as well as a Kindle edition if you prefer that for a gift.
I've heard good things about this book but have not read it:
The Index Card: Why Personal Finance Doesn’t Have to Be Complicated by Helaine Olen

[FRANK2009]

Even though I'm far older than the target for "If You Can", I read it out of curiosity. All I kept thinking was "I wish this book was around when I was a young guy." Great book!

[TomP10]

The new book How to Think About Money by Jonathan Clements is first rate. I think it is my new favorite personal finance book. Covers a wide range of topics. If I could choose just one book for a young person, I think it would be this book

Two other books that I have found to be popular with college age kids

Total Money Makeover by Dave Ramsey --- they like his lessons on avoiding debt, living within your means; as has been commented on many times, his investment advice is dreadful

I Will Teach You to be Rich by Ramit Sethi. He writes for this age group. Very effective communicator.

[retiredjg]

This one. I stumbled onto it 30 or more years ago although it is updated regularly. It is basic and kept me from making a lot of mistakes. It is more about good financial decisions than investing (or at least the one I read was).

Only Investment Guide You'll Ever Need, by Andrew Tobias

[Barefootgirl]

Thank you, my daughter is very bright, but English is her second language and spending wisely seems to be her blind spot, not atypical for 25 year olds who think time passes slowly and they'll live forever.

[Texanbybirth]

This one is free and online and a great place to start:
https://www.etf.com/docs/IfYouCan.pdf

+1

[CABob]

I like and often recommend beginners books by Eric Tyson such as Personal Finance for Dummies. I see that he also has some books aimed at the 20-30 year olds. I am not familiar with them but would expect that they are good.
https://www.amazon.com/s/ref=nb_sb_ss_c ... Caps%2C223

[Hawkeye_Saver]

I've always thought The Millionaire Next Door was a great book. Real eye opener.

[Grt2bOutdoors]

Thank you, my daughter is very bright, but English is her second language and spending wisely seems to be her blind spot, not atypical for 25 year olds who think time passes slowly and they'll live forever.

Those whose native tongue is English seem to have the same problem - spending wisely and saving/investing. She is not alone.

[Dottie57]

This one is free and online and a great place to start:
https://www.etf.com/docs/IfYouCan.pdf

I agree wholeheartedly with hurdle #1. If you can't save (not spend) you will be poor. It is the first requirement.

[buckstar]

The Wealthy Barber may be a good place to start, not a lot of nuts and bolts advice, but a good way to get her moving in the right direction.

[Miriam2]

One of the best "in-a-nutshell" easy to read little books is our own Mike Piper's "Investing Made Simple." It is short and thin (thus not intimidating) yet covers all the basics.

[terran]

I haven't read The Simple Path to Wealth, but the blog the author started with would be excellent for this purpose, so I can only assume the book would be just as good.