Here are some of the great blog postings around the personal finance blog world that I have really enjoyed reading this past week or so. I hope that you enjoy.
How To Pay Your Rent By Volunteering For Science Experiments – J over at BugetsAreSexy was gracious enough to lend me his readers and post a guest article that I wrote. Did you know that you could make some serious money volunteering for the good of science? Well you can! Check out his great personal finance blog. You will not be disappointed in his humorous approach to money.
Alternatives to Payday Loans – Check out my second article that was recently published on the personal finance website, FiLife. Many people feel like they have no other option for short term financing than taking out a loan from a payday lender despite the huge fees and interest rates. A lot of people do not realize that they have other options, and this article lists a few of those.
How NOT to Become a Millionaire – Patrick at Cash Money Life covers several of the easiest ways you can sabotage your chances of ever becoming a millionaire by exhibiting poor financial habits. Do you spend more than you save? Are you investing? I'm constantly amazed by how many people aren't doing these fundamental things. Check out the blog post to see the rest of this great list.
How To Prioritize Your Debt Repayment Plan – Moolanomy recently discussed which loans you may want to consider paying off first as part of your debt reduction plan. I'm a big fan of Dave Ramsey's Debt Snowball which in which you pay your smallest account balance first and work your way up from there. Moolanomy suggests also considering high interest rate loans, variable rate loans, and tax benefits as well when tackling your debt.
Top Five Time-Wasting Activities – I really like this list by Five Cent Nickel. I never realized how much time I waste doing things like surfing the internet and watching television. I think that a lot of these tips are things that we all know but don't want to admit to ourselves. Be sure to check out the other three tips on this great list!
Credit Report for Richest and Poorest Neighborhoods in America – Spend on Life recently dissected the five richest and poorest neighborhoods in America and put it all in one awesome looking map. You've got to check it out! The graphic details interesting facts about the credit reports of the neighborhoods.
Morningstar.com – Morningstar.com's Investing Classroom offers a bunch of free online tutorials to teach you the basics about stocks, mutual funds, bonds, investing, and portfolio building.
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Just go to cash and avoid the plastic. Unless you are very disciplined, that's the only way to make it work. Oh and of course…pray a lot.
Like they say…cash is king! Give up the plastic and you will often live a better life. You just won't have as much stuff cluttering up your life.
Cash will always be king in this economy. Plastic is just not worth it unless you can pay it off in full at the end of the month.
Many good articles to chose from…but I like the one about finding time wasting activities. We all do them, we just don't often acknowlege them.
Hold on to your cash because interest rates are so low that it's almost not worth it. We should start to see inflation in the next several years and there should be some better opportunities.
As interest rates ramp up, we should hopefully see better rates on CDs and other savings and investment products. Rates can't stay low forever.