In our opinion, libraries are amazing resources. Many modern libraries go well above and beyond the older library models (where you could find reading material, but nothing more). If you live in a decent sized city or town, you likely have a modern library nearby you could be utilizing (but if you live in a very small town or rural area, you may not have such great luck).

Libraries are great for your finances as well. Not only can you find great books or magazines to further your financial knowledge (if reading a good retirement planning book is something you’re interested in), libraries can also save you money by offering free resources: computer/internet use, music, movies, games, classes, etc. Additionally, with the popularity of technology like tablets and smart phones, many libraries now offer virtual libraries, meaning you don’t even have to leave your house to check out a book. Just login and download it directly to your device.

Again, if you are lucky enough to have a modern library nearby, don’t be deterred if you aren’t an avid reader. Libraries offer so much more than books, so take some time to check it out. You might be surprised at what you find.

This post was inspired by Kristen Wong’s post “Libraries: Good for frugality, great for community” over at Get Rich Slowly.


  • Disclaimer: The information on this blog is not meant for specific financial advice. The ideas/opinions stated are not suited for everyone, and readers should use their own judgment in applying them in their financial lives.