5 Personal Finance Sites That Will Help Get You In Shape

shutterstock   5 Personal Finance Sites That Will Help Get You In Shape

In these tough economic times, not being financial literate can cost thousands of dollars and a lifetime of savings. Most of us never learnt about personal finance in high school—few or no courses are taught on the subject, though it’s equally as important as learning reading, writing, and math. Most of us learn personal finance through trial and error. Many people avoid the subject all together and live simply from pay check to pay check.

But thanks to the Internet, there are several outstanding, information-filled personal finance blog sites that can help you become more conscious of your spending habits and what it will take to get you financially in shape.

Of course, some of these personal finance sites have ebooks and other resources for sale, but I suggest you start with all the free information about the basics of budgeting, saving, and investing that you can actually read and put into practice before you pay for a financial course or some get rich scheme.

I also suggest that you actually subscribe to one or more of these blog sites. The key to becoming financially literate is to study the subject like you watch your favorite television program. Subscribe to the newsletters and RSS feeds of these and other similar sites, and I guarantee you that in a few weeks time you’ll start thinking differently about your finances.

The Simple Dollar

Trent Hamm’s The Simple Dollar personal finance blog site emerged out his personal experiences of a “financial meltdown” starting back in April of 2006. He started his blog “to tell the world about what [he] had learned and help people to who were struggling with the same things.“

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Hamm, the authorThe Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams, writes about an extremely wide range of topics, from cooking recipes that keep you from wasting money on going out to eat, to 25 Revised Rules to Grow Rich By. Other subjects on the site include bad spending habits, dealing with debt, living frugally, grocery shopping, and organizing your money.

The ChristianPF

Bob Lotich’s The Christian Personal Finance features a large collection of daily posts about budgeting, banking, jobs and careers, debt elimination, insurance, investing, making and saving money, and free stuff.

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His site is geared towards people of the Christian faith, but I think it can appeal to anyone. Some of his popular articles include, How to Pay Your Mortgage Off Early, 20 Best Ways to Save Money, Get Out of Debt, 25 Top Paying Jobs Without Degree, 15 Ways to Cut Your Expenses, 250 Bible Verses About Money, and Why You Need an Emergency Fund.

MintLife Blog

I’ve recommended Mint.com‘s online financial management system as an effective way to develop and monitor your personal financial budget. Mint.com also includes a much re-tweeted blog site called MintLife.

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Recent MintLife articles include When Does It Make Sense to Refinance?, Support Your Local Business—Invest in It, Impulse Savings: Use Your Shopping Habit to Feather Your Nest Egg, and Investing 101: Understanding Core Earnings. MintiLife is definitely worth subscribing to or at least having on your Twitter follow list.

GetRich Slowly

GetRich Slowly has been selected as one of Time Magazine’s best blogs of 2011. The site features daily personal finance information on maintaining a savings account, CD rates, home and mortgage, dealing with credit cards, insurance, and getting out of debt.

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When you subscribe to the sites email newsletter you will receive a copy of his free ebook, Learn Hot to Make Your Money Work Harder for You.
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Spending a weekend reading articles from this and other sites will provide you with the personal finance education that you never received in school.

I Will Teach You To Be Rich

New York Times bestselling author, Ramit Sethi takes a slightly different approach to personal finance.
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Sethi, whose site hosts 250,000 readers per month, doesn’t focus on small frugal ways to get financially in shape; instead, his approach is for you to spend money consciously and invest in things that will make you money—so you’re not trying to build a nest egg simply by skipping those Starbuck lattes you’re hooked on.
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Sethi uses a mixture of blog posts and self-made videos to provide tips and financial insight on categories including earning money, buying a home, credit card perks, how to negotiate deals, automating your finances, starting a business, and the psychology of money. You definitely want to have Sethi’s site on your RSS feed.

Worthy Mentions

Other worthy mentions for good personal fiance sites include: The Digerati Life, a site for digital and technological savvy readers that provides information and tips about credit cards, best brokers, savings, mortgage, and refinancing rates.
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FinanceDad is produced by Mark, an Accounting Manager for a large company in St. Louis, MO.
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His site focuses on frugal living, retirement planning, and investing, and it contains hundred articles on money saving tips and strategies.

If your income is very limited, you will definitely want to subscribe to the The Frugal Life which features hundred of tips on living within your means. The site contains articles on practical topics such as auto savings, getting rid of clutter, do-it-yourself how-tos, home business ideas, and saving on your utilities.
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The sites listed above are among my personal finds; I‘m sure there are others that should be on the list. Let us know which personal finance sites you subscribe to.

For other MUO articles on personal finance, start with these posts:

Image Credit: Shutterstock.com

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10 Comments -

0 votes

Quark

In the space of a couple of months Trent from Simple Dollar posted on two topics. One I know quite a bit about, another I’m an expert on. Both of those postings were so replete with factual errors that it became apparent that he hadn’t even bothered to do any reasonable level of research on those topics.

I’m not talking about opinions. He would state certain things as facts that were so erroneous a 10 year old with decent google skills could have spotted the errors. Luckily a reasonable percentage of his commenters caught some of the more glaring errors.

That’s when I stopped reading Simple Dollar. I figured that if he was so off base on topics I did know about, there was no way I could comfortably rely on his statements regarding topics I was less familiar with.

0 votes

Kyith

i think so too.

0 votes

Tina

Thanks for the heads-up, Quark!

0 votes

Kyith

i have 2 of them on my RSS feed which is Get Rich Slowly and I will teach you to be rich.

I will teach you to be rich is very alternative and the postings are not too much.

Get Rich Slowly have more articles shared by other people. I first got to know about it when trying to find whether there are other people that does envelope budgeting with Quicken like i have

http://www.investmentmoats.com/budgeting/how-to-budget-with-envelope-budgeting-to-save-money-easily/

turns out i really like the experience shares but the great thing are the huge number of comments

0 votes

Bakari

Kyith and Quark, thank you for feedback. I had not picked up on those issues with Simple Dollar. I will read with more open eyes next time I visit the site.

0 votes

Kyith

I am glad it works out well for you. Bakari wouikd be interesting to find out the tools u use to keep track of your finances

0 votes

Bakari

Hi Kyith, I don’t visit Simple Dollar a lot but the articles I have read seemed okay. 
I primarily use Mint.com for my finances, which are unfortunately not as large as I would like. I’m finishing a MUO guide for using Mint and other personal finance services. Mint helps me keep a budget and goal setting system. 

0 votes

Kyith

Sounds great!

0 votes

Rob

Quark’s comment above about “The Simple Dollar” is noted for my future reference.

Anyhow, thank you, Mr. Chavanu, for these valuable web site links. The economy has forced many people like myself to start considering a more frugal lifestyle.

0 votes

Bakari

Rob, thanks for the feedback. You’re precisely correct, the economy is forcing many of us rethink how we spend our money. But even the economy was not so bad, or if you’re making a pretty decent income, it’s very important to be financially literate. It took me a a long time realize that. Thanks for visiting our site.