It’s time to get your money right, sister! Financial literacy gives you the knowledge you need to make informed decisions about your finances. Similar to how you get information about a topic you love or a subject in school, financial literacy can give you the confidence to discuss your finances and allow you to make changes to improve. your financial health. You cannot cultivate what you don’t know and that includes your money. Financial literacy includes many components, including income, spending, saving and investing, borrowing, budgeting, taxation, and financial management. Understanding these elements of financial literacy will help you manage your money better and achieve financial well-being. Many people are often afraid to take a look at their finances; However, by understanding finances, knowing your financial situation, writing down your goals, and taking action to improve your financial health, you will be able to take control of your financial life.
There are many ways to access financial literacy affordably, from listening to financial podcasts and using social media, to consulting a financial professional and reading financial books. Financial books are great because you have them forever, so you can take notes and reference them later. If you don’t know where to start, don’t worry, we’ve rounded up 10 financial books written by black women that will help you empower and educate you straight towards financial well-being!
The One Week Budget: Learn How To Build Your Money Management System In 7 Days Or Less!
Tiffany Aliche, better known as The budgetist is a financial inspiration. She has a passion for teaching finance and this book is a great start for anyone trying to get their finances in order. Budget for a Week provides a simple approach to budgeting with steps and day-to-day lessons you can achieve in a week. Instead of making your finances seem overwhelming, she makes them manageable. If you run out of money, don’t worry, you can access the information on a 23-page PDF document that Aliche provides on its website.
The Money Handbook: A Handy Guide to Money to Help You on Your Financial Journey
Tonya Rapley is CEO and Founder of My Fab Finance, a financial education and lifestyle blog destination for millennial women. Rapley wants you to own your power and break the paycheck to paycheck life cycle. With his book, The Money Manual: A Practical Guide to Money to Help You Succeed Your Financial Journey it provides concrete advice and even a built-in manual to help anyone in debt and / or struggling with money.
Clever Girl Finance: Eliminate Debt, Save Money, Build Real Wealth
Bola Sokunbi is the founder of Clever Girl Finance and her website will take you to a plethora of financial information to educate you. We recommend that you start with his book, Clever Girl Finance: Eliminate Debt, Save Money, Build Real Wealth. Think of it as a one-stop guide to personal finance with practical ways to get yourself out of debt. She provides you with all the necessary tools (plus stories from other women) to motivate you towards financial freedom.
Our Money Stories: A Six-Week Holistic Financial Wellness Plan Without BS by Eugenié George
Finances are a difficult thing for many people to tackle, which often leads to them feeling isolated from their financial experiences. However, if you are going through a tough time with your finances, or if you haven’t grown up talking about money in your home, don’t worry or be ashamed – you aren’t the only one! You can’t look at your finances in a singular way, there is an amalgam of things that got you where you are now with money, including history, ancestry, and your personal environment. Our Money Stories: A Six Week Holistic Financial Wellness Plan Without BS by Eugenié George will not only help you get on the right financial path, but he will also provide interviews with 30 women of color who share their financial experiences and stories.
Expect to Win: 10 Proven Strategies for Success in the Workplace
Okay, so technically this book is not a “finance” book per se; however, it is written by Carla A. Harris, vice president of global wealth management and senior client advisor at Morgan Stanley. She is one of the most successful black women in the business world and in this book she shares strategies and tips for surviving any work environment. If you want this promotion at work, look to build stronger professional relationships for better opportunities (this will ultimately lead to better pay), Expect to Win: 10 Proven Strategies for Success in the Workplace is a must read.