Best of the Web: Debt and Savings Edition
Happy Saturday everyone!
Gas and food prices are on the rise, lenders are cracking down, and the stock market may be starting to see a slight upswing, but we aren’t out of the woods yet.
With all these things in mind, I decided that I wanted to link to some of the very best articles on the web this week – the ones that dealt with real-world, everyday issues.
The articles below cover paying down your debt, setting up your emergency savings funds, and managing your everyday financial challenges. All good advice in any economy, but very relevant given the current state of the nation. Enjoy!
- My Two Dollars presents: Paying Off Debt And Saving Money Can Be Done At The Same Time. Hooray to David at MTD for this post! I have believed this for years. If you don’t start that emergency account while you pay down your debt, then all of your hard work will be undone with the very first emergency. When you choose not to have an emergency fund you are making your credit cards your emergency fund by default.
- Money Ning has a guest post that reveals how you can Possibly Avoid Bankruptcy with Debt Consolidation. You’ve got to be careful about this though, because not all debt consolidation companies are created equal. You can check out our post on selecting a counseling agency here.
- Frugal Dad has a guest post from the Happy Rock. This is a must read article. This is the lowdown on what an emergency fund really is – and why you absolutely need to have one to protect your family.
- The Simple Dollar wrote a down-to-earth post on how to quit lying to yourself about your money. I am guilty of this one on occasion!
- Blunt Money has my favorite post of the week. It’s a quick article on the fine art of putting things into perspective. Anything that makes me realize just how blessed I really am is worth noting.
- Moolanomy rounds things out this week with a series on managing personal finance risks. These topics are all things that most of us regularly ignore – even if we manage the rest of our finances perfectly. Definitely worth a read.
We were featured in several carnivals last week. Thanks to these sites:
- The Finance Fiesta! @ Counting My Pennies
- The Money Hacks Carnival #19 at Sound Money Matters
- The Carnival or 20 Something Finances @ Dollar Frugal
- Carnival of Personal Finance #163 – “Quotable Quotes” at You Need A Budget
That’s it for this weekend’s Best of the Web Roundup. Wishing you peace, prosperity, and a well balanced portfolio. Have a good weekend!
