Debt is difficult, and there’s no one place that has all the answers, but there are some personal finance books out there that can help you gain some invaluable perspective and make big changes. If you’re looking to get out of debt, these books have the benefit of shared wisdom that could help you destroy your financial problems for good.
This book is something of a financial self-help book that is targeted at helping stop cycles of spending. Author Jerrold Mundis writes in a friendly and engaging style that helps you feel comfortable approaching some difficult financial realities and making changes that will not only allow you to bust your current debt but keep you from creating more. Even if the self-help style journey isn’t your thing, this book has some valuable advice tucked within it. Give it a go to take control of some of your own spending habits.
Lynnette Khalfani-Cox gets a bit more technical in her approach to debt, breaking down need to know information like interest rates and credit reports to help you get your debt cleaned up and consolidated. It’s aimed at long term financial freedom regardless of your situation, but takes special consideration to debt control and elimination in the long term by handling immediate problems and creating solutions that will work on a larger scale.
If you’re looking at debt settlement, this book is for you. It focuses on creating a plan to help you settle your debt affordably and on your terms, focusing on credit card debt and strategies to negotiate with your creditors and get your debt taken care of for good. It’s based on practical tactics and techniques to handle immediate problems and give you power over the amount you pay so that you can not just take care of debt long term, but make the process of paying down your debt more manageable and less stressful.
This book is less about your personal debt and more about debt as a whole. James Scurlock does an excellent job of explaining the financial system and the industry that promotes and encourages the cycle of debt that consumes so many. It’s an shockingly well-delivered review that will help any debtor better understand the system in which they’re working, an invaluable piece of knowledge as you work to bust your debt.
You trusted CliffsNotes for everything else in college, why not trust it with your student loan debts. This book focuses specifically on student loan debts and breaks things down easily and in a digestible form so that you can take control of one of the most common debts out there. If student loan debt is your concern, this easy guide will help you get control.