Financially literate, women and money, financial mistakes, cars and cutting the cable.
Broke Millennial — Becoming financially literate doesn’t happen overnight. Erin grew up in a family that taught financial life lessons. Her parents openly discussed money issues, so she learned about finances at a young age.
When she recently spoke with her dad and asked him about the money lessons he and his wife passed on, he said: “We wanted to raise you and Cailin (my sister) to be enabled, not entitled.” That lesson allows her to control her money and not the other way around. Read this post and start your journey toward financial literacy.
Stefanie O’Connell — Stefanie opens this blog up with a cool stat: “Fifty years ago, just 11 percent of moms were the primary source of income for their families. Today, 40 percent of moms are breadwinners.” My wife makes more money than I do — and I’m happy for her.
After that rosy stat, Stefanie also brings up a few money problems women have. For example, they don’t invest as much as men. But things are certainly brighter now than 50 years ago. Up until 1974, banks could deny unmarried women a credit card. Check out the other six things.
Frugaling — Money problems such as debt cause stress. Stress negatively impacts your health and well-being — it even impacts relationships. Pauline says. Although you may feel helpless now, “there are always options, and even if it takes awhile to get out of debt (which it will), financial control and freedom are possible.”
But first you must understand your own financial tendencies. For example, she says, “be honest about your finances.” You can’t come to terms with debt if you’re not honest with yourself. Read her post and move on from your financial mistakes.
Rockstar Finance — I enjoyed this post. I wasn’t surprised by the cars most personal finance bloggers drive. What surprised me is how many personal finance bloggers name their cars: Bruno, Lexi and Rhino. All joking aside, these cars reflect their values.
I don’t think one family bought new. They bought used cars and many paid cash up front. If they financed, they took out low-interest loans and paid them off in a timely manner. And most get great gas mileage. I won’t ruin the fun and tell you everything about these vehicles. Check out the post for yourself.
Money Talks News — At one time, Geof paid over “$100 per month for a fairly basic cable TV package with local TV channels.” Sounds like the same story many people have told me over the last year. But almost three years ago, that all changed for him.
He did four simple things and cut his cable cord for good. First, he purchased a smart TV with built-in WiFi. I won’t tell you what else he did, but I will tell you he’s not paying nearly the monthly fee he once did. Read his post and make 2017 the year you left cable. Or you can hire someone to negotiate your cable bill.
Article last modified on May 23, 2017. Published by Debt.com, LLC .