Paul forwarded a piece from yesterday’s New York Times entitled “Debtors search for discipline via blogs”. This front-page article profiles several personal finance bloggers whose primary focus is debt.
A decade after the Internet became a public stage for revelations from the bedroom, it is now peering into the really private stuff: personal finance. The blogs open a homey and sometimes shockingly candid window on the day-to-day finances of American households in a time of rising debt, failing mortgages and financial uncertainty. In 2006, the average American household carried about $7,200 in revolving debt (mostly on credit cards) and $21,000 in total debt
The weblogs featured in the article are:
- Blogging Away Debt, where Tricia writes about her efforts to eliminate $105,000 in debt, $38,000 of which is credit card debt. (She’s making fantastic progress, too!)
- Poorer Than You, in which a 20-year-old film-school dropout gives lessons learned from the school of hard knocks.
- Save Leigh Ann, “the daily rantings of a bulimic shopper”, describes how the author, a financial educator, overcame $20,000 in credit card debt.
- We’re in Debt, where the King and Queen of Debt share their experiences in an effort to help others get out of similar situations.
- Make Love, Not Debt, one of my favorite personal finance blogs, where Him and Her are brutally honest about the money they spend on haircuts, shoes, and their wedding.
- No Credit Needed, another fine site, where NCN takes an even firmer stand against credit than I do. (He’s opposed to it — I just think it’s a poor choice for certain people.)
Each of these sites is deeply personal. They don’t offer money advice so much as describe the ups-and-downs of real people struggling with debt. If you, too, are feeling burdened by money woes, reading how others cope with finances (and the mistakes they make along the way) can be an excellent source of inspiration.
[The New York Times: Debtors search for discipline via blogs]
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