My cousin will be going away to college in August. I want to give her a Financial book to help her start out being an adult on the right foot. She is worried about having a lot of student loans and debt when she finishes so a book to help her learn about finances would be good.
She has a part time job now but blows the money on food / gas / and going out. I don't think she has much saved other than the money in her trust fund from when her mom passed away in 2007. She is trying not to touch that money though unless absolutely necessary.
That sounds interesting. Hopefully I can make it to the book store tomorrow to check it out. Her birthday is on Saturday so I wanted to get her something she could look at now and reference to later.
I read this one in my 20's too and was so mad when I loaned it to a friend and she never gave it back. I almost bought it again but didn't. I check it out from the library from time to time just to review and I'm in my mid-30's.
I give this one as a gift quite frequently. It doesn't hammer on lowering spending as much as I might, but I don't think most personal finance books do.
Also, almost all my friends read Your Money or Your Life (at my suggestion) in their early 20s, but I think it's a bit extreme for most people (and the investing advice is terrible). A few are still devotees.
Beyond buying a book, which I do think is a good idea, if you see she has already started developing bad spending habits, it might be useful to have an honest discussion with her yourself. Sometimes that's more useful than a book.