You are probably busy with your schoolwork during the year, but the summer is the perfect time to read for yourself. Whether it’s catching up on the latest release from your favorite author or it’s taking the time to learn something new, the best part is you can improve your knowledge without the pressure of taking a final exam!
At Radius, we think it’s important to understand your finances at any age. And college students, especially, who are on the brink of joining the “real world” of full-time jobs, bills, student loan repayments, etc., should know what is coming. Don’t know where to start? Here are 5 books you can add to your reading list this summer to better prepare yourself for post-grad life.
1. “Your Money Life: Your 20s” by Peter Dunn
Unfortunately for some of us, college comes with debt. Dunn discusses the best methods for paying off student loans and gives advice on how to cut down on expenses while living the life you want to live. Tackle post-grad life with this book under your belt and you will be in a better position than you think.
2. “Spend Well, Live Rich: How to Get What You Want with the Money You Have” by Michelle Singletary
The key to financial success is budgeting your money wisely. Singletary writes about how her grandmother taught her the “7 money mantras for a richer life.” With these words to live by, handling your personal finances becomes much more manageable.
3. “The Millionaire Next Door” by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.
This novel identifies seven common traits that all successful people share. Dr. Stanley helps you re-imagine millionaires as not the people who live on Beverly Hills, but the people who are more commonly disguised as your next-door neighbors.
4. “How to Manage Your Money When You Don’t Have Any” by Erik Wecks
All college students can appreciate living on a budget, but it’s important to understand how you can simultaneously gain wealth. With firsthand stories and everyday experiences, Wecks explains how to say good-bye to living paycheck to paycheck.
5. “Get a Financial Life: Personal Finance in Your Twenties and Thirties” by Beth Kobliner
It’s hard to jump into the mindset of investment or planning for retirement. Kobliner’s book is about growing into a financial mindset that helps people in their twenties and thirties understand the position they are in amidst college debt and taxes.
After you check off some of these books from your list, take what you learned and start making some financial decisions on your own. As a Radius customer, you have access to your own Personal Financial Management tools which can help you with budgeting and saving. Check out our page for more details.