Frugal School: Sophomore Year

[Frugal School is my fun way of maintaining a book list. It has 12 books total, meant to be read one book per month. You can check out the introductory post about Frugal School, and see the entire syllabus.]

Sophomore Year – Getting Started

Welcome back to Frugal School. Hope you enjoyed your Freshman year and didn’t get hazed too much. These Sophomore Year books form the foundation of understanding your relationship with money, perfect for getting started on your own frugal journey. This year only has 3 books because the first book takes some time to digest.

ymoyl Your Money or Your Life by Vicki Robin and Joe Dominguez
This book is the big one. Remember when you finally picked a major in college, and you took that intro class for the major and it totally opened your mind to a new way of thinking? That’s this book. I wrote a longer review of it that goes through each of the 9 Steps. You should read that post.
i will teach you I Will Teach You To Be Rich by Ramit Sethi
Ramit has a unique writing style that might turn off people older than 30. But once you get past that, his method for automating your finances can’t be beat. Learn step-by-step how to get your financial life in order, how to negotiate on the price of major purchases, and how to invest for retirement.
bank of dad The First National Bank of Dad by David Owen
This book isn’t just for dads and it isn’t even just for people with (or planning to have) kids. It’s a primer on the meaning and value of money, investing, and the stock market. If you don’t have kids you can skip the second half of the book, which details the author’s method of helping his children learn to invest without forcing any particular value system down their throats.

Once you’re through reading these books, you can continue on to Junior Year of Frugal School.

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