An adjustable lighted bookmark. The adjustable lighted bookmark has a spine with an upper end opposite a lower end. A pair of upper arms, hingedly secured to the upper end of the spine, and a pair of lower arms, hingedly secured to the lower end of the spine, define a space therebetween. A pair of upper clips are disposed distally on the pair of upper arms and a pair of lower clips are disposed distally on the pair of lower arms. The pair of upper clips and the pair of lower clips are oriented inwardly towards the space between the upper and the lower arms. Each clip of the pair of upper clips and the pair of lower clips has at least one bearing on an internal surface thereof. A light extends from the spine which provides lighting on a piece of reading material secured by the adjustable lighted bookmark.