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!
This article is about Spare Change