Tuesday, March 15, 2011

personal finance


Andrew says his favorite platform for participating in tweetchats has become TweetChat, where all you need to do is enter the #moolah hashtag and then sign in with your Twitter account; TweetChat will display only those tweets with the #moolah hashtag, as well as always include the hashtag in your own posts. If I can get my article for tomorrow finished, I’ll be there to join the discussion!


Meanwhile, here are some great recent personal finance articles from elsewhere around the web:


First up, my pal Jim over at Bargaineering has a list of four things you shouldn’t be cheap about. Safety equipment? Don’t cut corners! Professional clothing? Invest in your future! This is an interesting topic to think about. Recently, Kris and I have discussed personal things we’re not willing to be cheap with anymore. (Travel gear, for one, and gardening equipment.)


Over at Consumerism Commentary, Flexo wrote about the advantages of buying a home with cash. This isn’t something most people can do — although I’ve recently talked with several people who’ve managed it — and it’s not something that others would want to do. Would you pay cash for a house if you could? Flexo outlines the pros and cons of such a choice.


As my financial philosophy matures, I’m more and more convinced that goals are the cornerstone of smart money management. But in order to set goals, you have to know yourself. At Personal Finance Advice, Jennifer lists five important questions you should ask about the choices you make. Will this move you toward your goals? Will it improve your life? And so on. These questions are similar to the ones I’ve learned to ask myself.


On a related note, Len Penzo has a thoughtful piece about how misplaced financial priorities lead to lame excuses. “Our spending habits reveal our priorities,” he writes. Amen!











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