Author Topic: Finance book for high school graduate  (Read 2530 times)

Monkey stache

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Finance book for high school graduate
« on: May 15, 2014, 04:35:04 PM »
My younger sister is graduating high school next month and I'd like to get her finance/general life skills book. She's already asked me to explain to her how credit works.  I think it would be great to get her a book because I'm sure I won't remember everything I wish I had known when I was 18. Do you have any recommendations for a book? And what did you wish you knew about finances/life when you were 18?

CarDude

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Re: Finance book for high school graduate
« Reply #1 on: May 15, 2014, 04:52:41 PM »
Your Money Or Your Life.

tracipam

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Re: Finance book for high school graduate
« Reply #2 on: May 15, 2014, 05:09:59 PM »
Kinda depends on what kinda person your sister is.  I've always been a fan of "the richest man in babylon:" quick read, story-like, easy to understand. 

cbgg

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Re: Finance book for high school graduate
« Reply #3 on: May 15, 2014, 05:45:09 PM »
Maybe something like "Your Money: The Missing Manual" by JD Roth.  Disclaimer: I haven't read it, but I have read his teachings on money and think they are great.

Janie

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Re: Finance book for high school graduate
« Reply #4 on: May 15, 2014, 10:44:38 PM »
Poorcraft

Zette

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Re: Finance book for high school graduate
« Reply #5 on: May 16, 2014, 12:51:51 AM »
All Your Worth by Elizabeth Warren -- sets up a basic 50/30/20 strategy for needs/wants/savings.  You could then talk to her about what would happen if you change that balance to have much greater savings.

The Bogleheads Guide to Investing -- good intro to mutual funds and indexing

The Complete Idiot's Guide to Getting Rich

You might also give her a software package like YNAB.

RetiredAt63

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Re: Finance book for high school graduate
« Reply #6 on: May 16, 2014, 05:14:18 AM »
Anything by Gail Vaz Oxlade.

Her Money Rules is just that, a list of money rules with explanations.

grantmeaname

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Re: Finance book for high school graduate
« Reply #7 on: May 16, 2014, 05:30:47 AM »
Poorcraft
As a 21-year-old, I've gotta say this is a risky one. I would hate to be handed Poorcraft because somebody thought "oh, you're 18, you'd love this" - I'd be bitter that I wasn't just given a real book like any other human being. On the other hand, from what I've seen, the subject matter is really pretty relevant and tailored to folks our age. So it would really depend on the individual - I wouldn't get it for a cousin I barely knew, for example, but OP knows his/her sister well enough.

Your Money Or Your Life.
This one, for real. Or the MMM blog, though that's not really a gift. What's the point of saving money if you don't also have a value system in place that makes you realize you're literally getting years of your life back? Why would I cut cable and cook my own dinner if I thought I would be working until 75 either way?