Make your money work for you

Finances, finances and more finances! Have you thought about being financially literate?

We spend money daily on bills, groceries, or shopping. Sometimes, it’s impossible to ignore the Starbucks across the street or our favourite fast-food restaurant. But impulsive buying and overspending are some bad habits that drain our pockets.

Is it challenging to stick to a budget? Or do you struggle to save?

Whatever the case, your financial woes can be resolved by managing your money wisely. Here are five books to improve your relationship with money to become financially literate.

Rich Dad, Poor Dad by Robert Kiyosaki

Robert is dressed in a suit and featured on his book cover. The title is "Rich Dad, Poor Dad".

“You need to earn a high income to be rich.” But is this true?

Robert dispels the myth that being rich requires a high income in his book. He also shares the important lessons he has learned about money from his two dads and his friend’s father.

Even so, I’m sure we all dream of owning a house. But is it really an asset? If you are searching for the answers, grab a copy of his book today!

The Total Money Makeover by Dave Ramsey

Dave is dressed in a t-shirt while holding a scissors that's cutting a credit card. He is on the cover of his book "The Total Money Makeover".

Let’s face it, having a debt to repay can feel like an endless nightmare. But don’t worry, Dave has the best strategy to manage your debt wisely!

This book offers the best advice to pay off debt and save funds for emergencies. So, what are you waiting for? Now is the time to learn all his secrets.

Broke Millennial by Erin Lowry

A white and green book cover featuring a stack of US dollar bills. This cover has the title "Broke Millennial".

Are you spending too much money on trivial things? It’s time to get rid of bad habits.

In this book, Erin highlights the daily financial struggles that most 20 to 30 years old face, whether feeling cash-strapped or having difficulties making their money work for them.

Are you ready to change your current situation? Here’s your chance to do so.

Stop Acting Rich by Thomas J. Stanley

A book cover with an American dollar bill as the background to become financially literate. The title on the cover is "Stop Acting Rich".

We gravitate towards high-end fashion and luxury items. But are we willing to live beyond our means to fit in?

In Stop Acting Rich, Thomas discusses how the less affluent get trapped into the cycle of “acting rich.” Instead, he suggests emulating the working rich.

If you’re guilty of falling into this trap, don’t worry! Thomas shares his best advice on how to stop this destructive cycle and ultimately live a rich life by accumulating more wealth.

The One Page Financial Plan by Carl Richards

lat book to be financially literate: The title for the book is "The One-Page Financial Plan".

Do you have money saved for a rainy day?

Certified Financial Planner Carl provides the ultimate guide to managing your finances. Not only will you figure out your financial goals, but you will be given a one-page plan to achieve them.

It’s a no-brainer; it’s time to start your financial plan!

We know it’s not always easy to manage your finances wisely. But, if we become financially literate, we can say goodbye to our financial struggles.

So, grab a copy today and statrt making your money work for you!

Looking for some interesting reads? Here are the top 7 reads for students that aren’t textbooks.

Follow IGNITE on FacebookInstagram and Twitter for all things student life.