It’s strange to have written so much about the national economy lately. I feel like a fish out of water. As a result, I’ve spent much of today getting back to basics, preparing stories about frugality, meeting goals, and making money. I also took the time to visit some other personal finance sites, where I found these gems:
- The newest member of the Money Blog Network is the group-written Wise Bread, a top-notch site about “living large on a small budget”. One recent article I liked featured six simple strategies for green gifting. Give seeds, activities, or DIY projects. Great tips!
- Last week, personal finance columnist Liz Pulliam Weston picked up my idea of the “Money Day”, a time specifically set aside to put your finances in order. Weston shared her own ideas about how to fix your finances in a day, including some I hadn’t considered.
- Today at The Simple Dollar, Trent has a crash-course offering six steps for a beginning stock investor:
- Determine your goals.
- Know your risk tolerance.
- For short-term goals, keep your money in cash.
- For medium-term goals, diversify.
- For long-term goals, invest in stocks.
- First-time investors should put their money in low-cost index funds.
These are great tips for anyone just beginning to enter the world of investing.
- Finally, Reader’s Digest has compiled a list of 75 tips to keep your car in top-notch condition. I like the idea of keeping an “auto log”. I may have to implement this.
Now I’m off to our monthly book group meeting. We’re discussing Fyodor Dostoevksy’s The Idiot, and rumor is I’m the only one who liked it!
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This article is about Spare Change