The United Nations conducted the survey and questioned people related to finance, surprisingly only 52% of people answered. This concludes that only a few people have information about financial management but now people are getting more aware of financial literacy in the UN and other countries gradually.
There are many best financial management books offering financial information about managing investment, spending, etc.
Financial Management is considered as one of the most important factors for an organization to achieve its aim. This management includes Financial Budgeting, Financial Reporting, Cash Management, Managing, etc.
Financial management plays a crucial role in financial decisions, strategic financial management, investment decisions, and many more areas.
Here we have listed some of the best financial management books that can be helpful to you and you can become more knowledgeable about financial management. These books on financial management have a complete guide about finance, finance principles, money lessons, and advice from finance experts.
Our aim in providing you with the best financial management books is to empower you to manage your finances. These best financial management books are picked as they are entertaining, upbeat, and accessible.
Financial management books are easy to read and understandable which are ideal for newcomers in this field and also for those who are looking to start up their personal finance journey.
These best Financial Management books are selected according to the quality of content, explanation of the subjects, Author’s reputation, and the rating from readers.
Best Books on Financial Management
The table below provides a quick overview of the best personal finance books.
|Name of the book
|Fundamentals of Financial Management – Concise edition
|Eugene Brigham & Joel Houston
|The best financial management books for people who are looking forward to gaining knowledge about corporate finance or its practice.
|Eugene F.Brigham & Michael C. Ehrhardt
|The best financial management book for people who want to maintain a balance between practical and theoretical information about financial management.
|The Total Money Makeover: A Proven Plan for Financial Fitness
|These financial management books contain different techniques for gaining financial fitness and also provide the practical approach toward achieving financial sense aunwindingind many myths.
|Rich Dad, Poor Dad
|This best personal finance book defines “assets & liabilities” and teaches the concept that you don’t need to earn a lot of money to get rich.
|Best of Budgeting: Your Money, Your Life
|This is the best personal finance book containing nine nine-step that can help you to improve your relationship with finances.
|Best for Women: Clever Girl Finance
|This personal finance book explains how to keep an eye on expenses, manage your credit, create and stick to a budget, etc. This also teaches you to take responsibility for your financial well-being.
|Financial Management: Theory & Practice
|Dr. Eugene F. Brigham
|This best financial management book is a complete solution for much financial-related stuff. It contains an Overview of Financial Management, Financial Statement Analysis, Financial Environment, etc.
Best Financial Management Books
Personal finance books are the best guide to help you manage your money better. It’s important to learn personal finance basics first, like how to manage and pay off debt, etc., then you’ll become smarter amore nd confident with your money handling. Here is a detailed explanation of the best financial management books.
Let’s learn about the best personal finance books in detail:
1. Fundamentals of Financial Management – Concise Edition
Author Name: Eugene Brigham & Joel Houston
This is one of the best financial management books about the fundamentals of Financial Management. This is a Concise Edition and the best financial management book for people who wish to become experienced in corporate finance or its practice. It also includes information about corporate finance while highlighting the concept of Time and money and Valuation with numerous examples.
This best financial management book is stuffed with end-of-chapter applications and integrated cases which helps a better understanding of concepts along with Excel Spreadsheet Models working as the critical software tool. The latest Test Prep App helps students in exam preparation.
2. Financial Management
Author’s Name: Eugene F. Brigham & Michael C. Ehrhardt
If you are looking forward to maintaining a balance between practical and theoretical knowledge about financial management, this financial management book by Eugene F. Brigham & C. Michael Ehrhardt is the best financial management book for you. The authors are well-known financial writers.
This best financial management book contains multiple sections starting with the presentation of the fundamentals of corporate finance helping you to understand corporate finance properly. This financial management book contains an explanation of the latest economic crisis and financial issues along with references to help you understand everything effectively. That is why these books on financial management are considered as one of the best financial management books in today’s time.
3. The Total Money Makeover: A Proven Plan for Financial Fitness
Author’s Name: Dave Ramsey
The author “Dave Ramsey” has beautifully explained the different techniques to achieve total financial fitness in this best personal management book. The books also contain the practical approach to achieving financial wealth skills and lots of financial myths.
This book on financial management is more than just a theory. It is a practical approach that can help you all the time. This book on financial management is considered as one of the best financial management books and best sellers in the New York Times due to its amazing explanation.
4. Rich Dad, Poor Dad
Author’s Name: Robert Kiyosaki
For the last two decades, this book has maintained its place in the list of the best personal finance books. The author Robert Kiyosaki has explained the “assets & liabilities” and also cleared the concept that a person doesn’t need to earn a lot to get rich.
Does the book also have a great explanation for parents about the reason behind not imparting knowledge to their kids about personal finances? The 20th edition of this personal finance book contains an update on money, the economy, and investing. These aspects make it one of the best personal finance books.
5. Best of Budgeting: Your Money, Your Life
Author’s Name: Vicky Robin
This best personal finance book by Vicky Robin is the best seller book with more than a million copies sold. This personal finance book contains a nine-step plan that helps you to improve your relationship with finance management.
This best personal finance book covers very important topics like how to start investing, how to build wealth, how to get rid of doubts, and how to save money. This book explains Robin’s mindfulness techniques which make the best personal finance books.
6. Best for Women: Clever Girl Finance
Author’s Name: Bola Sakunbi
When it comes to money, a woman has to work harder than men and this is a sad reality of our society. The personal finance book “Clever Girl Finance” by Bola Sakunbi aims to educate and empower the whole generation of women. Bola Sakunbi is a Certified Financial Education Instructor (CFEI) as well as the Founder and CEO of the ‘Clever Girl Finance’ website.
In this personal finance book, she has explained amazingly important things like how to watch your expenses, manage your credit, plan and follow the budget, and most importantly take responsibility for your financial well-being.
If you are a woman and want to know about financial management, then this personal finance book is the best personal finance book for you.
7. Financial Management: Theory & Practice
Author’s Name: ‘Dr. Eugene F. Brigham’
This financial management book is considered the best financial management book as it is stuffed with many interesting and important topics of corporate finance. MBA Finance students mostly prefer these books on financial management. This book covers the principle of finance and its theory.
The author Dr. Eugene F. Brigham a “graduated Research Professor Emeritus” at the University of Florida. He has also offered his services to the “Financial Management Association” which has written many journals on capital structure, cost of capital, etc. This is one of the best financial management books.
This book is a package of many important topics which are listed below:
- Overview of Financial Management
- Financial Statement Analysis
- Financial Environment
- Cash Flow & Tax & Financial Statement.
- Capital Structure Theory
- Degree of Leverages
- Capital Structure Decision & Distribution to Shareholders and Repurchase.
- Bond Value
- Bond, Interest
- Continuous Compounding
- Derivation of Annuity Formulas
- The Tabular Approach & Time Value of Money.
- Corporate Governance
- Corporate Valuation & Financial Planning.
- Application in Corporate Return
- Financial Option
- Corporate Valuation & Stock Valuation
- Risks & Returns.
- Risk Analysis
- Cash Flow Estimation
- Basics of Capital Budgeting
- Cost of Value.
This financial management book presents these topics in a good manner and makes this book on financial management one of the best financial management books.
What is the need for financial management?
Financial management is key to attaining goals and managing your finances easily. The importance of financial management is as follows:
- It guides you toward financial planning.
- It helps you to invest in the proper amount.
- It lowers the financial costs.
- It increases the wealth of shareholders.
- Provides information through financial reporting.
The books listed in this article are the best personal financial management books and the best personal finance books. It is equally important to learn financial management and personal finance like any other aspect to manage our money. There are many more books related to financial management that can help you to be a money management-friendly person. One must choose the best personal finance books according to their author’s, content, and rating by the readers. We wish you luck with your finance management.
Financial Management Books – FAQs
What are the other financial management books and personal finance books?
Ans. The other famous and best financial management and personal finance books are Best of Budgeting: Your Money, Your Life, Runner-Up, Best for Beginners: The One-Page Financial Plan, Best for Splendors: I Will Teach You To Be Rich, The Basic of Public Budgeting & Financial Management by Charles E. Menifield and The Richest Man in Babylon by George Samuel Clason.
Which are the best personal finance books in the market today?
Ans. The best-selling and best personal finance book in today’s time is Rich Dad, Poor Dad by Robert Kiyosaki.
How to choose the best financial management books?
Ans. Choosing the best financial management books is a tricky task as there are millions of books written on this topic but choosing the best one is very important. While choosing a personal finance book, you must look for its writer’s name and find out his achievements and how perfect he is in this field. Then, look for the content if it meets your requirements or not, and most importantly have a look at the reader’s reviews and ratings.
What is the difference between money management and personal finance?
Ans. Money management and personal finance are not very different from each other. Money management is a process that includes the tracking and planning of the use of capital of an individual or group. Personal finance includes budgeting, saving, spending, and investing.