It’s time to make good money, 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 like or a topic in school, financial literacy can give you the confidence to discuss your finances and empower you to make change. to improve your financial health. You can’t farm what you don’t know and that includes your money. Financial literacy has 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 yourself and directly educate you about financial wellness!
The One Week Budget: Learn How To Build Your Money Management System In 7 Days Or Less!
Tiffany Aliche, better known as The Budgetnista 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. Budgeting a Week offers a simple approach to budgeting with daily steps and lessons you can complete in a week. Instead of making your finances seem overwhelming, she makes it manageable. If you are short of cash, don’t worry, you can access the information on a 23-page PDF document that Aliche provides on its website.
The Money Handbook: A Practical Guide to Money to Help You Succeed Your Financial Journey
Tonya Rapley is the CEO and Founder of My Fab Finance, a destination for financial education and lifestyle blog for millennial women. Rapley wants you to own your power and break the cycle from paycheck to paycheck. 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: Give up 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: Give up debt, save money, build real wealth. Think of it as a one-stop guide to personal finance with practical ways to get you out of debt. She provides you with all the tools you need (plus stories from other women) to motivate you to financial freedom.
Our Money Stories: A Six-Week Holistic Financial Wellness Plan Without BS by Eugenié George
Many people find it difficult to talk about finances, which often leads to feeling isolated from their financial experiences. However, if you are going through a tough time with your finances, or if you didn’t grow up talking about money at home, don’t worry and be ashamed – you are not the only one! You can’t look at your finances in a singular way, there is an amalgam of things that got you to 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 it also offers interviews with 30 women of color who share their financial experiences and stories.
Expect to Win: 10 Proven Strategies to Thrive 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 business 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 (which will ultimately lead to better pay), Expect to Win: 10 Proven Strategies to Thrive in the Workplace is a must read.