Bogus credit card reviews, a spending diet and saver's fatigue.

1. Think You Can Trust Credit Card Reviews? Think Again

Frugaling — Sam says “personal finance writers are easily influenced,” especially when it comes to writing credit card reviews. Why? Money, of course. He uses himself as an example: In the past he wrote reviews on his site. When a visitor clicked on the link he provided and signed up for the card under review, he profited.

No wonder why so many cards receive 4 or 5 stars. Positive reviews sell. That’s why he admits, “I suppressed the negatives to encourage clicks.” We applaud his honesty, and he also provides nine questions you should ponder before trusting a credit card review. I like the first one: Does the review link immediately send you to the sign up form? This is good stuff.

2. Pros and Cons of Doing a “Spending Diet” (+ Why it Worked for Me)

L Bee and the Money Tree — The diet Lauren used was based off of Anna Newell Jones’ book The Spending Diet. The diet is predicated on giving yourself a very small amount of spending money each month on items that are not categorized as “needs.” Lauren gave herself $100 a month. That’s a paltry $25 a week on “fun money.”

She provides a list of what she liked about the diet, and what she didn’t like. For example, she liked the fact that the diet quickly made her realize all the things she could live without. She didn’t like how “crazy” she “felt about watching every dollar” spent. I imagine this diet could make you a little paranoid about spending. But maybe that’s a good thing for some people.

3. Wealth Planning: Why You Shouldn’t Wait Until It’s Too Late

Clever Dude — There’s been a ton of talk about retirement/wealth planning. wrote about Gen X retirement, Millennial retirement, and even how to save your retirement. James gives us five tips for wealth building so you can retire comfortably. Two of his points include   thinking long-term, and “start saving now.”

Building wealth and saving for retirement is not instantaneous. You won’t get immediate gratification. It’s a long haul. This is good advice, although I can’t fully agree with how much he wants you to save — 40 to 50 percent of your income.


4. 21 Things I Always Get From the Dollar Tree

Life And My Finances — I should shop at the Dollar Tree or Dollar Store more often. After reading this post, I might. Derek provides a list of items that cost three or four dollars more at other stores. Three items that really make sense are dental floss, crackers, and candy for a movie night.

The comment section also comes up with some great ideas, like cleaning products and school supplies. Derek recommended the Dollar Tree cologne, but that one got soundly shot down. Tell us what you buy at the Dollar Tree.

5. Do You Get Saver’s Fatigue?

Financially Blonde — I can see how this can happen. People work on saving money and curbing expenses so hard, they crash and burn. As an example, Shannon uses someone she helped develop better financial habits. When she checked on the person’s numbers, she could tell there were problems.

Her client was splurging, in other words, spending money recklessly and without thinking of the consequences. Shannon says it’s understandable, but gives us ways to avoid this dilemma. She also gives tips on how to “reboot after saver’s fatigue.” But before rebooting, you must first admit that you fell off the saver’s wagon.

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Brian Bienkowski

Brian Bienkowski


Bienkowski is a contributing writer and is the face of's 'By the Numbers' videos.

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Article last modified on August 30, 2018 Published by, LLC . Mobile users may also access the AMP Version: Around the Web: Wealth Planning - AMP.