Many students aim to get financially stable as the new year begins. For this, financial literacy is the key. Unfortunately, the education system doesn’t pay attention to teaching students personal financing. According to a report by FinTech Finance News, 78% of UK adults don’t get personal financing education during high school, and 68% of them believe that they would have benefited from it.
In these circumstances, personal finance books play an important role in teaching students to save, finance, and invest their money. Do you also want to explore personal finance but are wondering which books you should read? This article is for you. Here, we’ll share a list of the best personal finance books that you must read in 2025.
Let’s start by learning what personal finance is.
What is Personal Finance?
Personal finance is the term that is used for budgeting, saving, and investing your money. Moreover, it refers to the entire industry that offers financial services to individuals and gives them awareness about the potential opportunities for investing and financing.
Personal finance for students is all about meeting their financial goals. These goals could be anything – from managing their educational expenses to saving money for higher education. Not knowing how to become financially disciplined often leads them toward a bad academic career.
During college, many teachers assign essays on personal finance to help students develop a deeper understanding of the topic. To complete this task and enhance their knowledge of personal finance, students take advantage of UK-based essay writing services.
Keep reading to explore the best personal finance books to read in 2025.
Top 7 Personal Finance Books to Read in 2025
Whether you want to start investing or want to work on your long-term financial goals, having the best knowledge is important. Books on personal finance are best for this. Therefore, we have curated a list of the top 10 books that are best for improving personal finance knowledge.
Let’s explore what they are.
1. Your Money or Your Life
Your Money or Your Life book was written by Vicki Robin and Joe Dominguez and published in 1992. This book aims to teach its readers the importance of money, how much money is enough for them, and how to obtain financial independence while conserving the earth’s resources.
Additionally, this book outlines the 9-step plan to change your relationship with money, which will eventually help you make your life more meaningful.
Below are some reasons why students must read this book:
- It teaches how to maintain a balance between saving, earning, and investing without taking part in any rat race.
- Shares effective ways to get financial and personal independence.
- Beyond earning passive money, it emphasises saving the earth’s resources.
2. Rich Dad Poor Dad
The writer of Rich Dad Poor Dad is Robert T. Kiyosaki. This book has changed the game of financial education. It is one of the best personal finance books helping individuals all across the world. As Blinkist Magazine states, almost 32 million copies of this book are sold worldwide. In this book, Kiyosaki contrasts the money lessons he learned from the two dads: his poor daddy and the rich dad of his buddy.
The key lessons from this exceptional book are mentioned below:
- The writer explains how assets can increase your wealth and how liabilities take all your money.
- Kiyosaki also says that financial literacy is important for people as it helps them make informed, rational, and solid financial decisions. He also emphasises the importance of opting for finance subjects during college education.
- In the end, the author highlights how rich people use the tax for their own benefit and become richer, putting a burden on the middle class and poor people.
3. The Millionaire Next Door
This book is an eye-opener for young individuals who are looking for ways to become financially stable. Combining the data and insights, the authors of this book uncover the reality of wealthy people. They explain that the American wealthy citizens are more similar to us and may not like as we would expect.
In addition, the authors of this book outline some important traits of a millionaire, including:
- Use time, money, and resources wisely.
- Select the right job.
- Get financially independent without the parents’ help.
- Grab the right finance opportunities.
- Know the importance of financial independence.
- Live below their means.
4. I Will Teach You to Be Rich
This is one of the most popular personal finance books written by Ramit Sethi. In this book, Sethi provides a refreshing and enjoyable approach to getting financially independent. The best thing about this guide is that the author gives a practical 6-week plan for achieving financial success through effective investing, saving, and budgeting.
The key takeaways of this book are the following:
- The writer of ‘I Will Teach You to Be Rich’ gives some recommendations for choosing the best credit cards, bank accounts, and retirement accounts.
- He further outlines the best system for managing finances and savings.
- Sethi highlights the importance of giving names to distinct financial goals to stay motivated.
5. The Total Money Makeover
This book contains the best approach to managing money, which can make a visible difference for people who are juggling to pay off their debts. He further outlines a straightforward plan for achieving financial stability through eliminating debts, budgeting, and incorporating money management principles.
When you read this personal finance book, you will get a step-by-step guide to get control over your finances, including managing money, budgeting, and paying off debts. His curated steps include the following:
- Saving $1000 for an emergency.
- With the ‘Debt Snowball Strategy’, all the debts are paid off.
- Save three to six months of expenses as an emergency fund.
6. The One-page Financial Plan
It is written by Carl Richards, in which the author simplifies the financial plan to achieve financial goals and personal development. Additionally, he highlights the importance of personal values and goals in making good money.
This is one of the best personal finance books that empowers its readers to draft a financial plan on a single page which aligns with your money management and personal goals. If you are overwhelmed with the intricacies of the finance world, you must read this book as it provides you with a value-driven and accessible approach to meeting your financial development goals.
7. The Intelligent Investor
This is the best book for those students who want to invest their money. Benjamin Graham, the author of this book, describes his philosophy on investing money. He further provided insights into the stock market and investing strategies. Due to his exceptional approach to value investing, Graham is considered the father of investing.
By reading this book, you will learn the following:
- Investor psychology
- A practical approach to investing
- Risk management
- Market trends
- Long-term value investment
How to Choose the Best Personal Finance Book?
Choosing the right personal finance book depends on several factors, including its credibility, readability, and how well it addresses your specific areas of interest, such as investing, budgeting, or saving. Start by identifying the financial topic you want to focus on and then select a book that aligns with your goals.
For instance, if you’re looking to deepen your understanding of investing, The Intelligent Investor by Benjamin Graham is an excellent choice. On the other hand, if you’re tasked with writing an essay on the habits of millionaires, The Millionaire Next Door by Thomas J. Stanley and William D. Danko can provide valuable insights.
Conclusion
Balancing study expenses and financial responsibilities is a vital part of student life, and gaining personal finance knowledge is a step in the right direction. The seven personal finance books we’ve highlighted can serve as excellent resources to help you understand and navigate the complexities of managing money. By exploring these books, you can build a solid foundation in financial literacy and take control of your financial future.
For students juggling academic pressure and financial planning, finding time for personal development can be a challenge. This is where top-rated essay writing services can come in handy, offering reliable support for your academic tasks while you focus on expanding your financial knowledge. Embrace the tools and resources available to you, and take confident strides toward achieving both your educational and financial goals.
Author Bio
Rhys French is a professional essay writer with a passion for helping students navigate the financial challenges of academic life. Combining his expertise in writing with in-depth financial knowledge, Rhys empowers students to achieve personal growth and financial stability, paving the way for a successful and fulfilling educational journey.
