After scouring through several personal finance books for teens, I found five great books that teach teenagers how to manage money without boring them into a deep slumber or causing them to beg to do chores instead of reading. The books are listed below with brief descriptions. If you want more details about a book, see my expanded article on Examiner.com Personal Finance.
Personal side note: Wordy book titles must be the latest trend.
- Well-rounded introduction to all areas of money management and personal finance.
- Really focuses on teens, not so much on future finances.
- Beyond numbers, teens learn about behaviors and thought processes like separating wants from needs, how to learn from financial mistakes and avoiding emotional spending caused by marketing and peer pressure.
- Good investment advice presented in understandable terms and with humor.
- Also covers general money management.
- Teaches how to set financial goals.
- Presents stocks and mutual funds that are fun for teens to track and invest in.
- Stories of real people who are thriving financially.
- Practical tips from common sense finance guru Clark Howard on how to apply financial strategies to save money.
- Great for adults, too.
- Quick read – each tip averages a little over one page of reading.
- Eight sections of practical, applicable financial advice: Life Lessons, Budgeting and Saving, Spending, Debt and Credit Cards, Investing, Housing, Insurance and Quick Tips.
- Excellent guide for helping teens decide on careers and jobs.
- Job search tips.
- Encouraging version of the annually-updated What Color Is Your Parachute? 2014: A Practical Manual for Job-Hunters and Career-Changers.