"The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money" by Carl Richards

A financial planner by training, Richards focuses on the silly mistakes people make over and over again — spending money they don't have, buying high because everyone else is, buying things that aren't meaningful — and explains how our natural instincts lead us astray even when we know what we should be doing instead.

Why it's great for young people:

Using simple, funny situations any young person can relate to, "'The Behavior Gap' lays out why we make bad decisions with our money," says Motley Fool columnist Morgan Housel, "and offers easy tips and suggestions on how to change our behavior."