Each Saturday I’ll round up my favourite posts from the personal finance blogosphere. Most will be recent, but I will throw in some timeless gems along the way as well to keep your weekend reader fully stocked for a lazy way to relax without all the effort!
This week I have been madly catching up with my blog reading, as I have been otherwise engaged on business for most of the last 8 days. Fortunately my dedicated readers will hopefully not have noticed, as I wrote articles to cover my absence for automatic publishing each day.
This Week’s Picks
WiseBread has 5 (and a half) easy ways to improve your living without having to spend more. Some easy-to-follow advice with a minor twist at the end.
Monevator has spent a lot of time putting together a breakdown of the steps needed to fire up an emergency fund. (You do have one, right?). I don’t as yet, so I will be taking his tips and molding them into my own plan.
Have you heard of Lifestyle Inflation? Possibly not. Have you noticed that whenever your income has gone up (raise, better job, etc), your disposable income has stayed the same or even decreased? If this rings more true, then you are suffering from the effects of Lifestyle Inflation. How will this impact your children? MoneyNing faces the question.
Plonkee ponders the best method for managing your family finances. If you are single like me, then this is quite simple. If you are married or cohabiting however, things get a little more complex. Which method is best? Whichever you choose, honesty with each other is the absolute key to success as I discovered – far too late – in my own financial meltdown.
I seem to regularly refer to Trent’s articles over at The Simple Dollar in my own here at Five Pence Piece, but that is because we seem to be on a similar wavelength. We have had similar experiences, a similar meltdown (albeit for different reasons), and a similar outlook on life and money. Trent ponders the question “Do you want to appear to be rich, or do you want to actually be rich?”. I have explained before that my outlook is I want to be rich, and I do not care what others think of my financial situation.
Free Money Finance digs deep into the human psyche, looking at the lies we tell ourselves that keep us from proper financial freedom. You probably know the myths listed, but do you know the truth?
Financial Samurai has an interesting take on making the most of your saving potential, riding the rates over the years to average out your return, and how a TV and movie rental fits into his equation.
From The Archives
They might be old, but they are timeless.
Five Cent Nickel gives us a tongue-in-cheek list of reasons to stay in debt. Read this, then renew your resolve to get out of debt if you haven’t already done so.
Another brilliant example of how life is not lived through guides, but best experienced as you go along. Financial life has to follow the same principle, albeit guided by those who have made certain mistakes to save you the trouble. Trent gives us his examples of making it up as he goes along from The Simple Dollar.
The Digerati Life talks about 5 financial steps for helping your child(ren) grow up financially sensible and hopefully help them to avoid the mistakes you may have made earlier in life.
Have a Great Weekend!
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