Broke Millennial: Stop Scraping By and Get Your Financial Life Together by Erin Lowry

Book – The millennial generation is the largest living cohort in recent history. They are high in debt, low on jobs, and full of so-called ‘entitlement’. It’s no wonder millennials are so uncomfortable talking about money or the lack of it. Because my personal goal for this year is to set up and successfully fund an investing account, I have been reading a great deal of personal finance books. Erin Lowry’s book Broke Millennial: Stop Scraping By and Get Your Financial Life Together is by far the best I’ve read so far.

Erin Lowry’s book does a good job of helping readers identify and work around their money hang-ups and take control of their personal finance. Erin lays out her chapters in a DIY guide format that gives you the option to read only the sections that are applicable without making you feel like you skimmed half the book. The majority of the issues she presents will be pertinent to the millennial generation. She dedicates an entire chapter on how to cope with student loan debt— an inevitability today—without going mad. She presents solid money saving and budgeting techniques and doles out advice on how to enact a plan to rid yourself of debt. A strong point for this book is the easy to understand language. You definitely won’t feel like you are being talk down to and you’ll appreciate Erin’s humor as she shares her own financial woes.

This book will definitely resonate well with the 20-30 year old crowd who are confused about money and aren’t quite ready to admit they’re not doing so well in the finance department. It will also benefit those who are doing just fine (those with an existing budget and savings account) and are ready to do more with their hard-earned cash.

Pogue’s Basics: Money: Essential Tips and Shortcuts about Beating the System by David Pogue

Book – I love to read books about saving money. Pogue’s book focuses on ways to save that don’t require a lot of time or lifestyle changes. One chapter highlights shopping hacks, such as the timing of purchases, finding online discounts and maximizing Amazon prime, coupons and gift cards. For the home, he discusses cutting the cord (from cable) and methods of economizing heating and cooling. The book also covers cars, travel and tax tips. One chapters details things you can do to earn money and another considers your existing financial arrangements. His writing style is casual and easy to understand. A fun, quick read that just may end up saving you a few dollars. Pogue also wrote Pogue’s Basics: Life: Essential Tips and Shortcuts for Simplifying Your Day.