Our first weekly roundup of 2016! Did you make any New Year’s resolutions? Are you keeping them so far? I am. I’ve fulfilled my plank-a-day commitment for each of the first eight days of this year, and I hope to do another 358 before the year is through. In my efforts to build up core financial strength, I’ve gone back to my readings of personal finance blogs – after taking a bit of an online break over the holidays. If you’re on a quest to improve your personal finances, I can’t think of a more effective way to fuel that effort than to read personal finance blogs and to become authentically engaged in the personal finance community.
Here are some posts that helped fuel my own journey to debt-freedom and financial-freedom this past week:
Speaking of New Year’s resolutions, Laura Beth from How To Get Rich Slowly provided a great list of easy-to-read, easy-to-digest tips to consider in her post Live Your Best Life In 2016. Her 32 possible goals give pause for thought. The one that struck me most was, “Play more games.” What a simple, wise idea! As I look back over the holidays, many of the best memories involve ping pong, pool, charades, Monopoly . . . And yet I almost never play these games during the course of a regular work week. What’s with that? Check out her list and see if one of her tips hits home for you.
When I first saw the title for Travis’ post at Enemy of Debt, I was worried. My Daughter, A Shopping Mall Trip, And A Scary Situation had me wondering what the “scary” part was. I won’t spoil it for you, but I will say that there is a happy ending. Nothing is more encouraging for parents trying to get their own financial act together than to see their children showing signs of serious money-smarts.
One of the great things that can happen by getting invested in other people’s stories is that when they experience encouragement, it’s infectious. A post at Our Next Life gave me that welcome encouragement this past week. In Time To Climb A New Mountain: Setting Our Sights Higher , the husband-and-wife team behind ONL revealed that they have reason to move their projected FIRE date from year-end 2017 to year-end 2016. They could be financially independent, with the freedom to choose early retirement, by the end of this year. Wow!
There’s another great thing that can happen in personal finance blogs: People, through their own honesty, can break down barriers to taboo subjects. Kara, on her site From Frugal to Free, wrote about a topic that is rarely touched upon in the pf world: a fear of spending. In Why I Have Trouble Spending, she reveals – bravely I think – the anxious foundation of what could easily be presented as strong money management. In the face of challenging circumstances, she’s succeeded in becoming debt-free and to start saving, but she’s having trouble replacing that underlying fear with the confidence and freedom she’s earned. And she’s looking for advice. Do you have any for her?
On Fruclassity, we featured a book – just released January 5 – written by retirement security expert Teresa Ghilarducci. How To Retire With Enough Money: And How To Know What Enough Is is a concise, 116-paged book that can be read in one sitting, and it’s rich in accessible information about everything retirement. With a looming retirement crisis on the horizon, Ghilarducci urges each reader to face the facts, get proactive, and “to pull yourself out of the hole we’re all dug into.” Check our our review and see if this book is one you’d like to read and/or share with others.
Have a great week-end. Happy reading!