Being financially literate means having the confidence to efficiently manage, save, protect, and invest your money wisely. One of the most effective ways to achieve financial literacy and get your money on track is by investing in the best financial literacy books, podcasts, magazines, apps, and tools.
Be it planning for medical expenses, education costs, housing prices or even paying off your credit cards, financial literacy empowers you to make better decisions with your money. This shows the importance of financial literacy to unlock economic opportunities. Here are some of the best books on financial literacy alongside other resources we recommend you try out for better financial planning, now and in the future.
Hitting a good book is a great way to plan your financial journey. There’s no shortage of books filled with information on how to invest, manage a mortgage, and achieve personal financial literacy. You can even learn to build good credit, save for retirement, overcome money pitfalls, and plan your legacy. Below is a list of some of the best books on financial literacy that will help you put your best financial foot forward.
Besides counting on these books on financial literacy, there’s no shortage of other resources that can help improve your financial knowledge. Here are a few financial literacy resources worth checking out.
While you’re busy with daily chores, running errands, or walking the dog, a podcast is an easy way to soak up money management tips and financial information without putting in a lot of effort. From making a budget to managing debt and saving for retirement, you can tap into expert knowledge by listening to financial literacy podcasts. Some of the actionable picks you can tune into are Millennial Investing, The Dave Ramsay Show, Money For The Rest Of Us, BiggerPockets Money, and Smart Passive Income, to name a few. You can head to iTunes, Spotify or Stitcher to listen to your favorite podcast.
You can pick up a lot by merely making a habit of diligently reading business magazines and newsletters on personal finance. Subscribing to business publications is a great way to absorb extensive coverage, tips, tricks, and advice on the financial world. Barron’s, Kiplinger, Entrepreneur, The Economist, Fortune, Inc., and Fast Company are some of the top financial magazines of all time.
Financial tools are a great resource to help you proactively manage your money, maintain a budget, and meet your financial goals. There are several online finance tools available including both paid and free options. Mint, TurboTax, Quicken, FutureAdvisor, Personal Capital, YNAB (You Need a Budget), and FINRA are a few of the best tools to calculate your loan, tax and cash flow among others.
Need an app that can help you keep up with your spending? Switch to mobile-based personal finance apps, such as Albert, Spendee, EveryDollar, Mobills, Mobile Diamond Mobile App, and Prism. These apps can help you compute taxes, budget finances, track bill payments, keep up with credit scores, create a shared wallet, manage assets, and offer the complete financial picture in one place. Download these personal financial apps to manage your overall finances on the go.
No matter how financially literate you are, it’s important to stay informed. The more you understand finances, the better decisions you can make at every stage of life. To get started, reach out to TheGuarantors, your reliable financial partner. We offer the most effective financial solutions on everything from day-to-day money management issues to complex financial scenarios. Let us help you plan for your financial needs to stay on track. Visit our website and Instagram page today!