5 best books about money for everyone on your Christmas list
As 2016 approaches, it’s time to begin drafting New Year’s resolutions. Rather than researching fad diets, telling yourself you’re going to cleaning out your garage, or pledging to update your resume, it may be time to take another look at your personal finance strategy.
Budgeting is a common resolution, 25% of 580 respondents surveyed by consumer research firm Nielsen said spending less and saving more was their top New Year’s resolution for 2015 — right behind enjoying life to the fullest, which 28% of respondents ranked as their top resolution. However, if you’re not a financial expert, figuring out the best strategy isn’t always obvious.
Whether you’re starting your first job or within arm’s reach of retirement — or even a newly minted millionaire — there are constant saving, budgeting and investing questions that arise. Financial advisers can be helpful, but you may prefer to figure it out on your own.
If that’s the case, here are the best money guide books of 2015 for budgeters at all stages of life to take on 2016.
New Money: Staying Rich
The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money
One Bed, One Bank Account: Better Conversations on Money and Marriage
Rich Bitch: A Simple 12-Step Plan for Getting Your Life Together…Finally
Get What’s Yours: The Secrets to Maxing Out Your Social Security
If you’re nearing retirement, social security can be an intimidating topic. However, you could potentially lose thousands if you’re not paying attention, according to Laurence Kotlikoff, an economics professor at Boston University, and financial journalists Philip Moeller and Paul Solman.
“Get What’s Yours” is a guide through the tricky language of social security and aims to help you make more of your Social Security benefits to avoid potentially damaging financial pitfalls. The book spent six months on the New York Times best seller list for business titles. Kotlikoff says the idea for the book came after he told Solman he could get him an extra $50,000 in social security while the two were playing tennis. He says many people don’t realize the amount of money they can lose out on by not understanding the complexities of social security, and many books don’t address the minute details of the law. “Everything with social security is 40 ‘buts,’” Kotlikoff says. “If you don’t have all the ‘buts’ you can basically mislead people.”
“Get What’s Yours” uses humor and straightforward language to show you how to work social security in your favor, without leaving out “the weeds” of the legislation.