Every year, millions of college students graduate with limited financial knowledge. According to the Council for Economic Education, students In the United States are required to take a high school course in personal finance as a graduation requirement in only 17 states. Out of the nearly 3.7 million college graduates of the 2013-2014 school year, few beyond the ones in finance and business specific majors were required to take additional financial management courses before they received their diploma.
To make sure that they’re financially savvy, they’ll need some extra help. Here are seven of the hottest, newest and best-selling personal finance books for recent college grads on the market today, as rated by GoBankingRates and Forbes.
If you are looking for a comprehensive look at a wide variety of personal finance topics, this book by Rick Edelman may be just what you need. You start with a personal finance quiz to determine what you already know. Then, you create a roadmap of your money and finances with an end goal of successfully reaching your financial goals.
Personal Finance for Dummies
Eric Tyson wrote this book as a resource for anyone to learn how to successfully manage their money. It covers many of the basics of personal finance, including budgeting, debt, taxes, and investing. Forbes contributor Barry Glassman says that this is one of his favorite personal finance books to recommend.
Rich Bitch: A Simple 12-Step Plan for Getting Your Financial Life Together … Finally
This GoBankingRates top 25 list maker is from money expert and financial journalist Nicole Lapin. The book includes a simple 12-step plan for getting your finances in order and breaking bad financial habits. It also teaches you how to invest in yourself and prepare for the future.
You’re So Money: Live Rich Even When You’re Not
Farnoosh Torabi, a financial reporter in her twenties, covers life on an entry-level salary and focuses on teaching others to live within their means. The sensible advice is geared towards those just entering their first real job after college and those moving out of the family home for the first time.
Living Well, Spending Less: 12 Secrets of the Good Life
Another GoBankingRates top 25 pick is this treasure from Ruth Soukup. Soukup provides personal accounts to show what it’s like to take control of your budget and your life. She introduces practical action plans to improve your finances and organize your life to be more efficient and less wasteful.
The Compound Effect
Darren Hardy, publisher of Success magazine, shares a step-by-step guide to good decision-making, tracking progress and achieving goals. Using his personal and business achievements as examples, he outlines the guiding principles that should govern your financial life and shows how the decisions you make determine your level of success.
This GoBankingRates top 25 pick is Tony Robbins’ first released book in nearly twenty years. He offers a seven-step plan to achieving financial freedom through effective money management. Following his advice will help you create a personal financial blueprint that is both easy to understand and easy to follow.