Favorite Personal Finance Blogs?

Can anyone recommend any personal finance blogs that they read on a regular basis? Humble Dollar and Collaborative Fund are two that I read regularly.

I love doctor of credit for bank and CC sign up bonuses.

I have sooo many.

When I first started my financial journey, I was over $15,000 in credit card debt plus $45,000 in student loans plus $80,000 mortgage. I needed constant encouragement and reassurance.

Some of the ones that really helped are:
The Simple Dollar https://www.thesimpledollar.com/
Get Rich Slowly https://www.getrichslowly.org/
Mr. Money Mustache https://www.mrmoneymustache.com/

They kept me motivated and kept my spirits up.

Humble Dollar looks really interesting. I am going to dig around in it this week.

I love doctor of credit for bank and CC sign up bonuses.

I use Doctor of Credit too. It's great for bank and credit card bonuses.

I have sooo many.

When I first started my financial journey, I was over $15,000 in credit card debt plus $45,000 in student loans plus $80,000 mortgage. I needed constant encouragement and reassurance.

Some of the ones that really helped are:
The Simple Dollar https://www.thesimpledollar.com/
Get Rich Slowly https://www.getrichslowly.org/
Mr. Money Mustache https://www.mrmoneymustache.com/

They kept me motivated and kept my spirits up.

Humble Dollar looks really interesting. I am going to dig around in it this week.

I also regularly read Get Rich Slowly and Mr. Money Mustache. A couple of blogs related to FIRE are 1500 Days to Freedom and Our Next Life.

Full disclosure here, just read my first financial blog article so I have nothing to suggest, but thoroughly enjoyed reading this. I too wish I had known this at a young age. Maybe I can help spread the word.
https://www.1500days.com/what-i-wish-i-knew/?m
Thanks for starting this @Aaron G.

You're very welcome, @Cat B. I like Humble Dollar because they have new content every day, and the variety of contributors gives varied perspectives. I specifically go to Collaborative Fund to read Morgan Housel.

@Aaron G. may I ask you a question? If one has15k to invest in index funds and plans to contribute monthly is it better to open the acct with 15k or add it a couple thousandd at a time over a year or so? Did that make sense? Thanks for you opinion.

@Aaron G. may I ask you a question? If one has15k to invest in index funds and plans to contribute monthly is it better to open the acct with 15k or add it a couple thousandd at a time over a year or so? Did that make sense? Thanks for you opinion.

@Cat B., the concept of "better" is somewhat subjective. There is research based on historical data (S&P 500) that has shown that, on average, returns from lump sum investing have beaten those of dollar-cost averaging investing over 1-, 2-, 3-, 4-, and 5-year periods. Having said that, however, past performance is not indicative of future results. The power of dollar-cost averaging is that it establishes investing as a habitual action and is often easier from a behavioral standpoint than lump sum investing, which can make it more likely that people will actually invest. Assuming you are set in other areas of your financial life and understand the risks, I don't think you can go wrong with either approach. As long as you've already decided to invest this money, what I wouldn't do is get paralyzed over the decision to the point that you fail to make the investment because you're worried about which approach is "better." I also wouldn't second-guess the decision after making it. Hope this helps.

Excellent answer, thank you. I wish it were my decision:) Asking for my 24 yr old son who has always been an excellent saver, but until recently had 25k in a checking acct and "dimeasaurus" savings acct from his youth. I should have helped him with this long ago.

Excellent answer, thank you. I wish it were my decision:) Asking for my 24 yr old son who has always been an excellent saver, but until recently had 25k in a checking acct and "dimeasaurus" savings acct from his youth. I should have helped him with this long ago.

Oh, to be young again and with cash! In addition to what he's considering investing in, he should also consider where he'll invest it. If he has earned income, he may want to use a Roth IRA to take advantage of presumably lower tax rates and tax-free growth and qualified withdrawals. Assuming he's relatively healthy, enrolling in a high-deductible health plan could give him the option of using a Health Savings Account (HSA).

Great advice, hopefully I can convince him to pursue this, he's not a risk taker, more of a genius over thinker. Thanks again and sorry to hijack the blog recommendations thread.

Great advice, hopefully I can convince him to pursue this, he's not a risk taker, more of a genius over thinker. Thanks again and sorry to hijack the blog recommendations thread.

Sounds a lot like me around that age, from a risk-taking perspective. Just lay out the information for him, and maybe he'll see that at his age, the bigger risk could be NOT investing and taking advantage of a long time-horizon.

Luckily he's already disillusioned with the 9-5 until you're old idea. And I'll bake something amazing and use my Mom super powers.

@Aaron G. He's on board:) We have a new young invvestor on the path to financial freedom. Thanks again for your guidance.

I'm new to this financial blog reading but here's one I've been checking out:
https://jlcollinsnh.com/

@Aaron G. He's on board:) We have a new young invvestor on the path to financial freedom. Thanks again for your guidance.

That long time horizon is a beautiful thing.

That long time horizon is a beautiful thing.

A beautiful thing it is…

The latest blog post from Morgan Housel: Save Like a Pessimist, Invest Like an Optimist

From my time on the SaverLife forums, it seems like most people do the opposite, i.e. save like optimists and invest like pessimists.

There seems to be a feeling that when things are going well, they'll continue to go well. People will enjoy the good times rather than building up emergency funds. Then something like a pandemic strikes.

On the investing side, many people seem overly risk averse, comparing investments to blind gambles. Part of that is a lack of understanding and the fact that the financial industry as a whole has an incentive to make what they do appear overly complex.

I spent hours reading Mr Money Moustache's blog last night, so much good content.

Thank you for all of the suggestions. I'll have to check these out.

Here is Jonathan Clements addressing three financial misconceptions. The point about not letting the well-earned bad reputation of annuities cloud your judgment about using certain annuities as a way to generate regular income in retirement is particularly interesting.

Here is a post from Joel @ Budgets Are Sexy about the impending generational transfer of wealth on the horizon. The best stuff comes at the end in the "Why Should You Care About This?" section. Basically, talk about money more often with your family and increase your financial education.

General financial advice from Sonja Haggert @ The Humble Dollar. There are some good financial education resources referenced here with consideration of personal goals and the need to diversify investments. Along the way, consider hiring a financial advisor to help keep you on track and act as a sounding board, and try to find ways to have fun with your investments.

Some basic investment advice from Dennis Friedman @ The Humble Dollar. He's a retiree sharing seven recommendations that could help you take the long-term approach to investing. Today, would you rather have the motorcycle bought in 1968 or the shares of stock sold to fund that purchase?

Great suggestions! My favorite personal finance blog is The Penny Hoarder:
https://www.thepennyhoarder.com