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10 Must-Read Personal Finance Books For Single Moms

Explore 10 essential personal finance books packed with tips and strategies to help single moms achieve financial stability.
The Fellowship of Penny Calling Penny
Published on: Oct 15, 2024
Updated on: Oct 15, 2024
10 Must-Read Personal Finance Books For Single Moms

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Reading is always counted as a great habit. In fact, if you tell someone that you like to read a lot, they think of you as an intellectual. And the good thing is that there is a book for everyone in the world. For anyone who likes to read or is looking for something to read, there will always be a genre or even just one chapter available.

This means that there are many kinds of books available for single moms. Such books have both fun and light content for entertainment purposes as well as educational and informative content. While you can get information about many things, we will focus on books for financial knowledge and awareness.

In fact, in this blog, we will discuss some of the best personal finance books for single moms, which are a must-read for you. They will help you not only understand your finances better but also manage them well.

Top 10 Personal Finance Books For Single Moms

‘Finances’ are a hefty topic on their own. If you have no knowledge of these or have no one guiding you well, then there is a chance that you can make some big mistakes with your finances. Luckily, there are some great books available in the market that can help you both understand your finances and manage them better.

1. The Everything Guide To Personal Finance For Single Mothers

The Everything Guide To Personal Finance For Single Mothers

Topic Of Focus – Achieving financial independence, and financial management

As far as personal finance books for single moms go, this one is one of the must-reads out there. The book’s subtitle says that it offers a step-by-step plan for achieving financial independence. So it would be a good start if you want a sort of guide to help you manage your finances better.

The book offers many practical advice and tips about getting your finances in order. The author, Susan Reynolds, is also a single mom, so she understands other single moms’ financial troubles and issues. While Susan has written many other books on various topics, this particular book is all about the whats and hows of financial management. It is also one of the best books for single mothers to learn more about the economic aspect of life. 

2. It’s Not About Money: 3 Steps To Become A Wealthy Woman

It’s Not About Money: 3 Steps To Become A Wealthy Woman

Topic Of Focus – Changing financial beliefs and managing finances better

This book aims to change your perspective on money and financial freedom. It is all about changing your money beliefs. Again, the author is a mom, so she is well-versed in financial struggles and how to handle and manage them.

While the book’s title may say ‘it’s not about money,’ it does deal with money and manage it better. In fact, it gives great and concise tips for improving your finances, making it a perfect recommendation for understanding financial management books for single moms.

3. Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor and Middle Class Do Not!

Rich Dad Poor Dad

Topic Of Focus – Financial literacy, financial independence and differences in ‘money-based thinking’ between the rich and the middle-class

We know that this book is written by a man, so you may wonder how he would understand the problems of a single mom. Well, you will be happy to know that while Kiyosaki is the book’s primary author, Sharon Lechter (a woman) is its co-author.

Rich Dad Poor Dad’ deals with financial literacy and independence. It discusses achieving these through investing but in a story/parable format. 

A differentiating point of this book is that it has Kiyosaki’s own story, in which he reveals how he saw differences between how his father (a middle-class man) and his father’s wealthy best friend thought about money and investing. So, while this book may have been published quite a while back, it is still one of the staple reads for a beginner in the financial world. 

4. The Psychology Of Money: Timeless Lessons On Wealth, Greed, and Happiness

The Psychology Of Money

Topic Of Focus – Behaviors and habits that help you become financially stable and healthy

The Psychology of Money’ is more about the behavioural aspects and less about earning. While it does deal with finances, this book also discusses habits and behaviours that are conducive to becoming wealthy and financially stable.

Morgan’s book delves into short stories about people and their thoughts about money. It is a great book for understanding how thinking can shape wealth!

5. Get Good With Money: Ten Simple Steps To Becoming Financially Whole

Get Good With Money

Topic Of Focus – 10 steps to achieve financial stability

When talking about ‘women and finances,’ this is the perfect book. It deals with financial stability and mentions ten steps to help you achieve it. These steps are practical tips you can include in your daily life to ensure healthy financial practices.

Tiffany Aliche’s book offers tips and tricks for daily financial habits and detailed advice for building credit scores and budgets. So, if you are struggling with managing your finances or just want to increase your financial knowledge, this book is for you.

6. Financial First Aid: Essential Tools For Confident, Secure Money Management

Financial First Aid

Topic Of Focus – Managing finances in emergency situations and crisis

While this book provides general financial advice, it focuses more on managing finances in emergencies, such as job loss or serious medical conditions. It also includes tips from well-known financial experts and the author’s humorous advice and illustrations. 

So, while this book is a great resource for developing healthy money habits in general, it would be especially helpful for women in crisis who need help understanding how to overcome their financial situation.

7. Money Made Easy: How To Budget, Pay Off Debt, and Save Money

Money Made Easy

Topic Of Focus – Attaining financial stability

While this is a recently published book, ‘Money Made Easy’ has some good financial advice for women. Allison Baggerly gives facts and guidance in very straightforward language, avoiding unnecessary financial jargon to make the concepts as simple as possible.

This book also includes various templates and checklists for following the advice and tips of various financial experts. It aims to give readers a roadmap for attaining financial independence.

8. Happy Money: The Japanese Art Of Making Peace With Your Money

Happy Money

Topic Of Focus – How to reshape your relationship with your finances and money

Ken Honda is a Japanese expert in money and happiness. He has written ‘Happy Money’ to help you reinvent and rethink your relationship with money and personal finances. ‘Happy Money’ is all about walking the fine line between having too much money and too little money. 

Relating the ‘money mind’ with Japanese philosophy makes it a worthwhile read, giving you much food for thought. Hond’s personal stories and experiences related to finance and money also add much depth to the book.

9. The Kickass Single Mom

The Kickass Single Mom

Topic Of Focus – How to become financially independent

This particular book is a quirky addition to the list of books for single mothers. It is Emma Johnston’s (the author) story about how she dealt with being a single mom. Emma talks about both the financial and emotional aspects of life as a single mom.

The Kickass Single Mom‘ is an entertaining and light read about being a single mom and balancing all aspects of life. Emma focuses a lot on being financially independent, making it one of the must-read books for single moms.

10. The Intelligent Investor

The Intelligent Investor

Topic Of Focus – Investing money

If this book can teach Warren Buffet about finances, then we are sure even you would want to learn something from this. ‘The Intelligent Investor’ by Benjamin Graham is the most recommended and widely acclaimed book for anyone who wishes to learn about investing, especially value investing. Financial journalist Jason Zweig revised Graham’s book, and the new edition also includes today’s economic realities. 

The Intelligent Investor is a great book for learning how to increase your wealth. In fact, Graham wrote the book so that even a layman could understand the very complicated concepts. The language is quite simple, making it easy to understand. 

All these books would help increase your financial knowledge and help you manage your personal finances well. In fact, with the knowledge and tips from many financial experts in these books, all things money will be just another cakewalk for you. And if you want more such book recommendations on personal finance, our blogs are always there for help!

Top 5 Parenting Books For Single Moms

Being a single parent is hard. But there are many books to give you some useful and practical tips to help you brave some of the tougher moments in parenting. This is not to say that you are a bad parent and need help. We all need some extra push one day or another, and it is okay to take it!

Here are some book recommendations to help you get that extra push on some very hard days. 

(1) The Whole-Brain Child: 12 Revolutionary Strategies To Nurture Your Child’s Developing Mind

The Whole-Brain Child

Topic Of Focus – Brain development of children

Daniel J. Seigel, a neuroscientist, and Tina Payne Bryson, a parenting expert, have collaborated to write a book about a child’s brain development. The book specifically discusses how you can nurture your kid’s brain and aid its development starting in the formative years. 

The author-duo provides crystal-clear strategies that are highly age-appropriate for your kids. These strategies are geared towards fostering a healthy environment to help your child’s healthy mental development.

The strategies mentioned in the book are easy to understand and can be easily applied in real-life practical situations. Seigel and Bryson’s research-based knowledge also helps make the book highly reliable.

(2) Strong Mothers, Strong Sons: Lessons Mothers Need To Raise Extraordinary Men

Strong Mothers, Strong Sons

Topic Of Focus – Tips, and advice about raising your sons to be good and successful individuals and men

In a time like today, when our daughters are constantly in danger, this book is the best out there. As a woman, advising and raising girls is simpler because you were a young girl once, too. But raising boys can sometimes be a different ball game. 

This book provides tips and guidance on how to raise sons to make them good individuals and successful men. As an M.D. Meg Meeker’s professional tips and knowledge about a mother’s role in her son’s life. She discusses topics like proper affection, teaching community values, and proper communication. Such topics are what make this a must-read book for single moms.

(3) Single Mom…Slaying It!

Single Mom...Slaying It!

Topic Of Focus – Tips on raising kids while going through hard times as a single parent and becoming financially independent

This book by Andrea M. Pearson is very resourceful. In fact, as the author herself states in the subtitle, it is ‘an empowering resource guide to expand your superpowers.’ ‘Single Mom…Slaying It!’ welcomes you to ‘Single Mom Squad’ where you are your kid’s superhero (and rightfully so).

Filled with facts and emotional examples, this book is the perfect resource for your journey of single motherhood. As a single mom herself, Andrea offers some very practical and useful advice in this book. 

The book also discusses how to become more financially stable as a single parent and how to raise your children well, even while going through the trials and tribulations of single parenthood.

(4) The Co-Parenting Handbook

The Co-Parenting Handbook

Topic Of Focus – Co-parenting

This is the perfect book for divorced or separated parents. Karen Bonnell gives some really great insights into parenting with your exes after separation/divorce. It includes helpful tips for constructive parenting and resources like an accessible manual for good parenting.

As the title suggests, the book focuses on co-parenting. This means that it discusses not only the role of a mom in raising her child but also equally emphasizes the role of a dad. 

(5) Single Parenting: Comprehensive Strategies, Personal Empowerment, and Building Resilient Families

Single Parenting

Topic Of Focus – Emotional, legal and financial aspects of single-parenthood

Alisha Correa’s book provides some very helpful insights into how rewarding single parenting can be. It also discusses the financial and legal aspects of the process and gives advice and tips on how to manage it all together. 

The book discusses how to take care of your child and yourself as a single parent. In fact, the great thing about this book is that Alisha manages to discuss all of this in a compassionate yet empowering tone. 

Conclusion – Books Are Always Helpful In Any Situation

As you already saw, books are available for every topic/problem. So find the one that you like and find the most helpful. You can do so through Google or even search for books on Amazon and read their reviews to learn how good they are. 

Of course, if you don’t want to surf the net much or search for things on Amazon, you can always just look for more recommendations on our website! And don’t forget to subscribe to our newsletter for more exclusive content!

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FAQs

While many of the books we mentioned in the blog are beginner-friendly books on finances, there are some more top recommendations for this genre. ‘I Will Teach You To Be Rich’ by Ramit Sethi, ‘The Financial Diet’ by Chelsea Fagan and Lauren Ver Hage, ‘The Simple Path To Wealth’ by J.L. Collins, and ‘The Poverty Paradox’ by Mark Robert Rank are some more beginner-friendly books about finance.

There are many ways to make money as a single mom. You could search for remote jobs or even jobs in your locality (if you want to work in an actual office). There are also freelancing jobs that you could search for. We have also mentioned some easy jobs for single moms in our blogs so you can search for the one you like there.

While it isn’t always the case, according to the American SPCC, almost 31% of families with single moms struggle financially. But if you feel like you are a part of this 31%, there is no need to panic. Penny Calling Penny is here to help you with all things money. This includes tips, tricks, and advice on making money, saving money, managing finances, and more.

The Fellowship of Penny Calling Penny
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