National Financial Literacy Month: The financial literacy toolkit

toolkit

It’s critical to have a financial literacy toolkit when planning your finances.

You need first to learn the basic skills like setting smart financial goals. But once you have that ground work, you move onto budgeting, bank accounts, credit, credit cards, investing, insurance and estate planning. That’s where a financial literacy toolkit comes in — and we have it all for you here in this article.

April is National Financial Literacy Month in the U.S. As I do every April, I’ll spend much of the next few weeks reviewing basic financial concepts. But unlike past years, I’m not going to devote every post in April to this subject. It’s important, yes, but spending an entire month on the basics gets tedious.

Here’s a list of financial literacy resources to help you add to your financial literacy toolkit.

Get Rich Slowly

This site regularly features articles about basic personal finance skills. Some of the best from the past five years include information on the following topics:

Basic skills

Budgeting

Bank accounts

Credit and credit cards

Investing

Insurance and Estate Planning

As a general rule, the basics category here at Get Rich Slowly contains information about fundamental financial literacy.

But there’s more to financial literacy than just learning the nuts and bolts. There’s a lot of mental and philosophical stuff that can help you take control of your finances. To learn more about these aspects of money management, browse through the fourteen tenets of my financial philosophy:

Saving and Investing

In April 2007, I shared a series of videos from author Michael Fischer. Though designed as companions to his book, Saving and Investing, these short pieces stand on their own. Look past the fact that these aren’t polished and professional — Michael provides some excellent information. Here are links to each part in the series:

  1. Introduction
  2. The power of compounding
  3. Providers and users of capital
  4. The difference between debt and equity
  5. What is leverage?
  6. An introduction to financial statements
  7. Why do financial markets exist?
  8. What is a bond?
  9. What is a stock?
  10. What is a stock market index?
  11. The importance of diversification (also an introduction to diversification)
  12. What is a mutual fund?
  13. Types of mutual funds
  14. The difference between active and passive management
  15. An introduction to dollar-cost averaging
  16. The impact of time
  17. The three enemies of growth
  18. Coping with high-interest debt
  19. Getting started
  20. 5 popular misconceptions about money

Other websites

There are other excellent financial literacy resources around the web.

  • CNNMoney has an outstanding overview of basic personal finance topics called Money 101. Each of the 23 topics includes several pages of information, and many of the subjects include an interactive calculator or tool.
  • The Federal government has a website called MyMoney.gov, which is “dedicated to teaching all Americans the basics about financial education.”
  • The Federal government also provides the Federal Citizen Information Center, which offers free (or cheap) publications on a variety of topics including personal finance. Many of these publications are available in free PDF versions.
  • Both Illinois and Wisconsin have sites devoted to personal finance education. These two pages contain a wealth of links to information on many subjects.
  • 360 Degrees of Financial Literacy is a site from the American institute of CPAs. It includes many articles on various life stages such as “college,” “couples & marriage,” “home ownership,” etc. A clunky interface, but a lot of solid information.
  • Ramit at I Will Teach You to Be Rich has The world’s easiest guide to understanding retirement accounts.
  • Rhetorical Device offers A brief history of money. This is actual history. It’s a short article, but fascinating.

Between the Saving and Investing video series, the GRS basics archive, and the other sites I’ve linked here, you have a wealth of personal finance material at your disposal. I look forward to writing more about financial literacy in the years ahead.

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There are 77 comments to "National Financial Literacy Month: The financial literacy toolkit".

  1. plonkee says 02 April 2007 at 09:43

    Well, I know that I need to learn about asset allocation. I’m not sure if thats what you’re envisaging in your financial literacy month though.

  2. Wesley says 02 April 2007 at 09:58

    This will be a great review, and I’m looking forward to it!

  3. MyOwnMillions says 02 April 2007 at 10:42

    I think this is a great idea that you are trying to educate all of us on this subject. Blogs like ours are always trying our best to write articles to help the public understand this complicated, boring but important subject.

    Take me for instance, I started my blog since it seemed like it was a fun thing to do but as I got more into it, I developed a sense of mission to try to help the general public learn how to increase wealth. There are a million ways to do this and most people probably don’t know how and they don’t practice them even if they did. I wish you luck and I look forward to reading your posts!

  4. limeade says 02 April 2007 at 11:28

    I’m a huge fan of the subject. I love to learn and help others out with what I know. I’ve written about some of the basics here.

    I look forward to hearing what you have to say. We may not all agree, but that’s what makes it interesting.

    -limeade
    http://fiscalmusings.blogspot.com

  5. Terry says 02 April 2007 at 13:24

    Budgeting. That’s what I need to learn better. I know my problem better than I know the solution. I overthink everything and want to get into such intricate detail that I never get around to the basics. I’m too busy trying (and failing) to track every penny I spend that I never get to the part where I examine my expenses, write a reasonable budget, and follow it.

    My salary has increased 43% in the last 3 years, and I still have the same amount of money saved. That’s ridiculous.

  6. MyOwnMillions says 02 April 2007 at 14:04

    Terry, you might want to start by looking into what you’ve spend more than 3 years ago. If you are just buying more items, the “cure” is different than if you were buying the same number but more expensive versions of them (ie different car, TV etc).

    Just remember that knowing is the first step in the fix and don’t give yourself excuses like “I’m too busy” since it doesn’t take more than 5 minutes a day to keep track of the expenses once you have the spreadsheet setup.

    You are welcome to contact me if you think discussing with someone about it will help. Just let me know.

    My Own Million Blog

  7. munny-bunny says 02 April 2007 at 14:04

    I need help understanding the stock market!

    I am a 20-something who in the past couple of years is finnaly getting her personal finances under control. I have a budget we stick to, we have successfully been contributing to our savings regularly, and we both contribute to our retirement funds.

    I feel like the next step is investing some of our savings in the stock market, or bonds, or whatever. But I have no clue where to start. I need a beginner’s crash course, and some advice on where to go to find out more in-depth.

    Thanks!

  8. Martez says 02 April 2007 at 17:30

    Saving money has always been an issue for me, and I also don’t have very much financial literacy- I’m looking forward to this month!

  9. --matthew says 02 April 2007 at 19:52

    I’d like to know more about how stocks actually work. I understand that they do work, but when I tried to convince my girlfriend to start investing, she was scared by the “magic” of interest. I had no way to actually explain to her how investing actually makes her money, and why it’s not something crazy that will devour her savings.

  10. MossySF says 03 April 2007 at 05:06

    Stocks is pretty simple. When you buy stock, you buy ownership of a company. It’s no different than buying the local coffee shop from the previous owner and taking the profits as your income. The only difference is that you and millions of other people collectively own the company. Your share of the company increases in value as the company’s economic output increases — and the company’s increase is usually tied in some fashion to the country’s/world’s increase in economic activity.

    Why economic activity increases — well that’s a whole subject in itself. Suffice it to say, economic output has been increasing since the dawn of civilization. So while you can’t guarantee on a specific % increase (or decrease) over short period, you can bank on the overall trend.

    I’ll give you one more easy answer for your girlfriend. If you don’t invest, you are guaranteed to lose money to inflation. If you invest, you can either grow your money or lose money. The first option guarantees you will have to depend on government handouts to survive during retirement. The second option gives you the possibility of avoiding the scenario — and if it doesn’t work out, you’re no worse than you were before.

  11. Msminiducky says 06 April 2007 at 23:42

    I’ve discovered that I don’t know how bonds work, exactly. Roth IRA fund bonds, to be exact. I received my first quarter’s statement and am baffled by the Income Dividends versus the Long Term cap gains.

  12. JL says 10 April 2007 at 16:20

    If you want an excellent foundation for understanding money and other monetary terminology,

    I strongly suggest you check out principiapub.com and consider ordering the book MONEY.

    Why? Because you will receive “inside” information that most don’t know about, or choose to be ignorant of (including bankers & lawyers)

    Reading this book may also help you to build and/or preserve wealth.

    I receive no money from recommending this book or from you ordering this book. I simply wish I would have known about this information earlier in my life, and I want to share it with others.

    Happy reading.

  13. Christian says 27 April 2007 at 19:20

    I have one suggestion. It would be nice if you had links to all the articles from this series, at the bottom of this post. It will help as a quick reference so visitors dont have to dig through the archive. I apologize if you already have a list of all the posts in this series, I have looked and it has not been obvious.

    Thanks for all the hard work on these posts!

  14. sandycheeks says 01 May 2007 at 05:15

    This is a great summary and links resource post. It’s a post like this that brought me to GRS. Like you suggested, I’ll be bookmarking it so I can review the links later.

  15. Alison.com says 01 May 2007 at 10:57

    ALISON provides via the Internet, highly interactive self-paced multimedia training
    courseware for BASIC SKILLS to the individual learner for FREE.

    Financial Literacy is only one course, which contains Seven modules of interactive multimedia learning are provided on personal financial management. The course provides information such as how to set up a bank account, planning for the purchase of a home, to the basics of preparing financially for retirement. For someone struggling to manage their finances or simply wanting to learn more about how to make the most of their money, this course is for them.

    Just take a look: http://alison.com/courses/IFLC

  16. MillionDollarJourney.com says 01 May 2007 at 11:01

    Another great post J.D. It’s no wonder you have a huge fan base.

    FT

  17. tinyhands says 01 May 2007 at 12:33

    All in all, a successful theme-month I would say.

  18. Ranjan says 02 May 2007 at 06:38

    Vow! Such a treasure trove. Even though it’s US specific, it’s useful to learn the concepts for an Indian like me.

  19. pf101 says 07 May 2007 at 11:48

    Excellent list. I’ll be adding several to my resources page.

  20. english major says 01 April 2008 at 13:18

    for those of us nitpickers:
    “on they’re own” is killing me… please fix!

  21. Rick says 01 April 2008 at 13:41

    thanks for putting all this helpful info in one post, you should make an easy link to this for future reference! 🙂

  22. Mrs.ThePoint says 01 April 2008 at 13:41

    wow…this post is great.
    It answered sooooo many financial questions that I had before.
    Thank you so much.
    I am still not an expert (will never be) but I think I am finally starting understand my retirement account now.(sorry to sounds so silly)

  23. J.D. says 01 April 2008 at 14:24

    How on earth did I let “on they’re own” through? How did I even write it? I’m so embarrassed. I should hang up the guns… 🙁

  24. Shirley says 01 April 2008 at 14:55

    J.D.-Sometimes the brain just doesn’t cooperate, I find myself rereading even the most basic emails to friends for just these types of mistakes. I think it happens when we have are juggling too many balls in the air at once.

    Nice compendium post–thanks. 🙂

  25. The Weakonomist says 01 April 2008 at 18:44

    Without knowing of financial literacy month, I contacted my state’s education board for an interview with weakonomics.com with THEIR team for financial literacy. Coincidence, maybe. Perfect timing, totally.

    JD, have you done any interviews for the blog? Its a great way to bring in people that don’t normally read them.

  26. Braun Mincher says 09 April 2008 at 16:42

    Anybody who wants to test their own knowledge of Financial Literacy is welcome to take my free 50-question multiple choice financial literacy quiz:

    http://www.FinancialLiteracyQuiz.com

    We also just released a press release with the 1st quarter quiz statistics in case you are interested in seeing how you compare against your peers (check out the “Press & Media” Page:

    http://www.BraunMincher.com

    Enjoy!

    Braun Mincher, Author
    The Secrets of Money: A Guide for Everyone on Practical Financial Literacy

  27. Adam Baker says 02 April 2009 at 12:45

    Wow, I don’t have 7 hours to go through all this content again right now… Maybe tonight! Thanks for the incredible resource.

  28. Jeff says 02 April 2009 at 13:40

    Wonderful! Bookmarked.

  29. Chickybeth says 02 April 2009 at 13:52

    The videos for #20 are no longer available on YouTube. Is there another link to them?

  30. Roger says 02 April 2009 at 13:55

    Wow, an amazing compendium of financial literacy. I like to believe I’ve become fairly financially suave, but I’m sure I’ll find some things in this collection that I haven’t already learned.

  31. Mario says 02 April 2009 at 15:33

    Holy cow. *Speechless*

    Can I just give you money?

  32. Charlotte says 02 April 2009 at 16:15

    Speaking of financial literacy, check this out:

    http://www.mymoney.gov/

  33. Aman@BullsBattleBears says 02 April 2009 at 20:36

    A great set of links to read during the weekend! thank you.

  34. Valerie@CookingSharp says 03 April 2009 at 04:34

    Thank you, this is a great group of links! It’ll take me days to read it all…

  35. Jessica the hedgehog says 03 April 2009 at 07:28

    As a new reader of your website, this is a perfect way for me to catch up! I’m particularly looking forward to checking out the investment sections. Thanks so much! 🙂

  36. Mike says 03 April 2009 at 08:38

    Every time I see a government website, or brochure, on “how to manage your money” I equally giggle with delight and die a little inside.

    Why would ANYONE take advice from the government on how to manage money????

    From running such a huge deficit, bailouts, etc, they are simply the farthest thing from a credible and responsible resource.

    /facepalm

  37. TStrump says 04 April 2009 at 20:34

    Wow – this is the mother-of-all list of links.
    Thanks!

  38. Deb says 05 May 2009 at 13:38

    JD, I’m late in posting this, but I want to make a seriously huge announcement here:

    “THANK YOU THANK YOU THANK YOU”

    I cannot believe how educational your blog has been, how helpful it has been, and how informative it is. I’m not very financially savvy, but thanks to YOUR hard work, I have definitely moved up on the financial learning curve.

    I have saved dozens of your posts, noted dozens of books to add to my read list, and have been able to make better decisions, all because of YOUR hard work.

    I absolutely cannot thank you enough.

  39. Rosa says 02 April 2010 at 06:05

    Thank you for doing this! I know you get bored with the basics but we all have gaps in our financial educations.

    Since one of your basic tenets is “money is more about the mind” maybe a few articles about finding balance (and frugal friends, negotiating with relatives, etc.) would be an interesting new thing on that list.

  40. Mike says 02 April 2010 at 06:31

    Thanks J.D.

    Bookmarked!

  41. Qazzi says 02 April 2010 at 07:45

    For investing the http://www.bogleheads.org, in honor of Vanguard founder Jack Bogle, is a great site with an excellent forum.

  42. Ely says 02 April 2010 at 10:25

    JD, I’m going back and reading through your 14 Tenets again. You are so my hero. Your posts are so thoughtful, well researched, and intelligent; your voice is so personal, like we were having a conversation in my living room. You inspire me to look newly at what is really important to me, and to align my (financial) life with that.

    Thanks again for all that you do.

  43. Adrian says 02 April 2010 at 13:33

    J.D.,

    I believe you under-estimate yourself; being such a modest individual you simply cannot fathom how much of a truly wonderful resource you have become to those of us whom pined to gain a sound financial education.

    This attainment of knowledge is key to a sustainable financial life yet is rarely mentioned in much more common media outlets as well as educational environments.

    Thank You again on behalf of all of us for the incaculable amount of hard work and effort you have put in all of these past years –
    You may only be one individual, but your words of wisdom and links have touched and improved the lives of thousands.

    Take Care.

    PS. I can honestly attest to likely being one of the ONLY individuals on here who has read each and EVERY one of those GRS posts. Cheers to the liberty of self-employment 😉

  44. David/Yourfinances101 says 02 April 2010 at 16:39

    I think this financial literacy month should be every month.

    Taing a good hard look at my finances, and fixing them, have changed my life in ways I cannot even begin to count.

  45. Aicha says 02 April 2010 at 17:11

    J.D.

    I’ve started reading your blog early last year and I am so glad I subscribe to your blog post. I’m only 23 years old and I feel like I am a bit wiser than my friends when it comes to generally taking care of my money.

    I have started working for 2 years now and I am proud to say that because of your words and financial wisdom, I have avoided living paycheck to paycheck because I have what you have taught me “emergency funds”, “leisure funds”, “travel fund” saved bit by bit!

    Thank you J.D.! It’s a tough world out here but you have helped me a lot!

  46. DreamChaser57 says 03 April 2010 at 04:38

    Phenomenal post and resources, thanks for all the effort! I’ve definitely bookmarked this and can’t wait to dig in later. As far as ideas for posts, I would absolutely love a post on concrete ways to lower your entertainment and take-out expenses; these are my household’s constant budget-busters. I thought I would chime in with a take-away I got from GRS (this could also be another post) – one of the HUGE ones is the Targeted Savings Account (ING in my case). It feels grand not to have to take our semi-annual auto insurance premium out of one check.

  47. noelle says 03 April 2010 at 22:17

    This is such a wonderful resource, I’ve read probably most of your articles, but I most certainly need another good financial kick in the butt, so I might delve through them again.

    On the April Fool’s post regarding money mistakes, I noticed a few others as well as myself mentioning student loans as an issue. Education is a pretty big investment, one I think too many of us go into not fully aware of the risk we’re taking. I know I certainly did. JD, do you have any knowledge on the subject that could maybe lead to a literacy month post? I know there may be some legislation in the works regarding the repayment of student loans. Are you familiar with that at all? Rather, is anyone? My loans are on forebearance right now, but even when the payments kick back in as interest only, it’s more than any other payment I have each month (including rent, or car payment, or car insurance). My lamenting aside, I think student loans and paying for higher education could be an interesting financial literacy month post.

    Thanks for all your great work JD, and congrats on the book!!

  48. Joel says 07 April 2010 at 15:56

    Glad you’re celebrating National Literacy Month once again! Oregon Governor Ted Kulongoski also declared it Financial Literacy Month in Oregon. We’re celebrating with some fun activities as well at http://www.orcpa.org/financial_literacy.

    Cheers!

  49. E says 01 April 2011 at 19:25

    I’d like to learn more about Roth IRA because I’m thinking to open one. I started reading this blog not too long ago, so I don’t know if you ever devoted a blog entry to this topic, but I think it’s a good one. I’m finishing up grad school next year and don’t have a lot of money saved yet, but I believe this might be a good place for me to invest.

  50. El Nerdo says 01 April 2011 at 20:37

    Hey JD,

    April is also National Poetry Month, so you could give lessons in Neoclassical verse. Or open up a contest.

    As for the subjects, I would suggest the following:

    -Investing 101

    -How to Buy Into your a Mutual Fund (could also be “your first Mutual Fund”)

    -The Art of the Possible (Homage to Max Weber’s “Politics As a Vocation”) – How to negotiate your wild dreams with a limited reality (it’s not by financing them at 24%). [this might be a bit repetitive, but hey, say it in heroic couplets and it’s a whole new game]

    – April in April – during this month, April has a weekly column 😛

    -The Reading List – basic texts in personal finance, economics, etc

    -News of the Not-So-Weird – review of the best outlets for finance and business news (personally I like PBS’s nightly business report, one can get ready to sleep while it’s on).

    -Negotiation 101 – let’s face it, a lot of people fail at personal finance just because they don’t know how to negotiate *anything*. Actually, this deficit would be thoroughly incapacitating, not just limited to finances. But some people are ashamed to negotiate when it comes to money. (Haggle, ya kalb!)

    -Brew Your Own Beer (and save!) – ok, this is 1/2 a joke article, 1/2 serious, but some other DIY article–

    alrite goodnight

  51. cynthia says 01 April 2011 at 20:51

    I have a 529 for my child, but I was reading this today and was intrigued by the option(s) of savings bonds. Unfortunately, I didn’t really understand much of this page:
    http://www.treasurydirect.gov/indiv/planning/plan_education.htm
    but I would love to learn more about this method of funding education.

  52. Saachi says 01 April 2011 at 23:03

    hi,

    I’ve been reading your blog now for a good 10-12 months and the advice you give here really is fantastic.

    Anyway, to the point. I’ll be graduating from university at the end of the year. I was hoping you could give some tips on how to start sorting myself out financially. I’m actually studying in Australia so slightly more general ideas (less US orientated)would be great!

    It would also be great if you could cover the basics of investing. I’m alright with saving my money but i’m more interested in finding out how to make my money grow. Some basics covering what are bonds, mutual funds, ect & the risk & benefits of each as well as some tips.

    Cheers! =)

  53. LS says 02 April 2011 at 01:19

    In my Engineering Economics college class (years and years ago) we covered different methods to compare alternatives using quantitative methods (for example, invest X dollars now that will result in a certain savings over time vs not investing that money, but having increased costs over the same time period). This took into account time cost of money. I found myself wanting to apply those principals to evaluate different alternatives for myself in the past but haven’t gone back to those old textbooks to review it.

    I think a discussion on how to evaluate different financial alternatives would be a very helpful tool to have. It could be applied to everything from fixing your existing car vs buying a new one to selling your house vs renting it out if you need to move. Thanks, looking forward the the month of articles.

  54. urmel says 02 April 2011 at 04:20

    I second the Reading List as suggested by El Nerdo – any basic reading material you can recommend?
    Also, what I need more than anything else is some motivation to stay on track….

  55. Meg says 02 April 2011 at 07:06

    I would love to hear more about the basics of insurance–what kinds everyone should have, and what to look for when buying a policy. I was looking over the benefits information for my new (first) job and am totally lost–I have no idea whether I should get all these different kinds of insurance (do I need accidental death and dismemberment insurance if I already have medical and life?). I looked up an old but very detailed post about disability insurance that was incredibly helpful. It would be great to have that kind of information about all different kinds of insurance.

  56. Stacy says 02 April 2011 at 07:51

    I second the insurance. I’m looking into different car insurance for us, and find myself wondering what limits do I need, is the medical payments coverage necessary, etc. I’ve also looked into umbrella insurance, identity theft insurance… Also, I’d be interested in learning more about savings bonds, and how we might use them (college?). A reading list would be great as well!

  57. Kelleigh2 says 02 April 2011 at 08:54

    Hi JD!

    How about Mid-Cap, Large-Cap, Small-Cap, etc? It’s hard to figure out what to invest in since I don’t really get how these work.

    As always, thanks for all the great articles!

  58. El Nerdo says 02 April 2011 at 09:49

    Yeah, +++ for insurance.

    Re: living below your means, various texts in personal finance mention the need to learn to do a lot of things yourself (e.g. home repairs, etc.). [this is an elaboration on the DIY idea from last night]. I rent a place from an elderly couple who owns a bunch of properties in my town– they do most of the repairs and maintenance themselves, they’re amazing! (and I’m sure loaded too). Of course for big jobs they hire good pros– they are thrifty but not cheap.

    While everyone has different needs and abilities (e.g., JD hates laundry; so do I), what is a good set of all-around DIY skills to help a person save money? I can think of a few off the top of my head: cooking– save money on groceries and eating out. basic plumbing– goes without saying. car maintenance — same thing. oh yes, home brewing too–hA! (not really). but home business for fun and profit (and tax deductions): yes–even a little side business goes a long way– which makes me think– bookkeeping basics is an al-around money-saving skill; nothing better to get you acquainted with your money than keeping good track of it, even if you have a CPA at your command. Etc.

  59. lilybird99 says 02 April 2011 at 12:56

    I’m interested in learning more about financial advice tailored specifically for single people. Lots of the info out there assumes all single people are in their 20’s, just starting out, paying off student loans, & are not married “yet.”

    Advice for folks 30+ often assumes dual salaries, kids, college savings. An article outlining guidelines & advice for single adults in their 30’s, 40’s, & 50’s would be very helpful. Thanks JD!

    • Kelleigh2 says 02 April 2011 at 17:24

      I second lilybird99 – being single in my early 40’s, there isn’t much out there, so any extra help there would be great.

  60. diane says 02 April 2011 at 15:43

    I would love to hear about budgets for retirement. In trying to determine how much money I will need I thought I should do a detailed monthly budget. I thought I had all the categories figured out, but it has occurred to me that I should think about a line item for dental insurance or the cost of dental stuff, and the cost of monthly medicines, plus if I retire before medicare that I would need health insurance premiums, totally forgot about that since I am so used to that stuff being handled in my paycheck.

    I bet there are lots of others things I haven’t thought of yet. Thank.

  61. Patti says 04 April 2011 at 11:13

    Hi there, I’ve been reading your blog for about a month now and I’ve already learned so much.
    I’m only 24 years old, just finished schooling, so of course, I have a massive student debt.
    I keep reading and reading about finances and I just feel like I’m stuck in a rut that I can’t get out of, even after researching.
    I’m not working in my career field yet (it’s a very long process to get a job in my field in Canada), so I’m not making nearly as much money as I’d like. I can afford to pay my bills and other necessities but I’m only putting $150/mth down on a $15,000 student debt.

    I would love a complete beginners how-to guide of not only how to create a budget, but also preparing for the future, RRSP’s, how to save for a downpayment on a house, emergency funds, how much you should have in savings, etc. So many websites just use financial jargon which makes it more difficult to understand. I get the basic concepts, but how can I APPLY it to my life is my biggest concern.

    I want to be able to afford a house, I want to marry my boyfriend and I want to be debt free within the soonest upcoming years I can but as of right now it seems like an impossible feat.

    Please help!

    Thank you!

  62. Nicole says 29 April 2011 at 04:32

    CNN’s Money 101 is a fantastic site. Their Walter Updegrave is also really great for Q/A articles.

  63. Beth says 29 April 2011 at 04:47

    Great roundup, JD! Thanks for understanding that most of us are beyond the basics. I for one have enjoyed the topics and conversations this month 🙂

    But I’m bookmarking this post for future reference nonetheless!

  64. Pamela says 29 April 2011 at 05:37

    I agree with @Beth. I’m bookmarking this link list as well.

    I refer students in my home buying classes to Get Rich Slowly because it covers all the basics I just skim over on my way to home buying. But I think some get overwhelmed by the massive amount of content. The link list will serve as a great introduction to people new to thinking about their personal finances.

    Thanks for compiling it.

  65. Everyday Tips says 29 April 2011 at 05:59

    What a great resource-post, thanks for putting it together.

    I couldn’t agree more about writing being more of a chore when you are somewhat forced into a topic day after day.

    • Nicole says 29 April 2011 at 07:19

      That’s totally true… occasionally we get asked to do more personal finance stuff on our blog, but doing that more than once a week would turn it into work instead of a hobby!

  66. Alison Wiley says 29 April 2011 at 07:23

    J.D., as a former debtor who is now prosperous, I’ve often reflected on how much human suffering you’ve alleviated through your writing at Get Rich Slowly. You perform a great and much-needed service.

    A basic concept I live by is finding joy in everyday life. I practice happiness; I’m happy. I guess this is a financial concept in that my practice of happiness means I’m not attracted to buying pricey items or taking expensive trips to ‘get away from it all’. There’s nothing I need to get away from — I love my here and now.

  67. Tanya says 29 April 2011 at 08:20

    This is a terrific summary of financial literacy information. I’m going to keep a link to this post handy for lots of future reference!

  68. Lysander says 29 April 2011 at 08:54

    Maybe the best way to do a financial literacy month is to post a weekly article. Pick out 4 topics and make one post on each topic with links to the top GRS articles about that.

    I think that it is important to recognize that readers are from the whole spectrum of financial knowledge and implementation.

    Or make the Friday of every month financial basics Fridays and go through a basic topic for those who are new to all of this and trying to learn. Keeps it from being repetitive to those who are more advanced while recognizing the important of having the basics available to those who need it (and sometimes a review for everyone isn’t a bad thing).

    • Sara says 29 April 2011 at 17:21

      That sounds like a good compromise! Thanks for the great resource post, JD.

  69. Tracy says 29 April 2011 at 09:08

    I learned the basics quite a while ago, but I find it is always to review them periodically. Helps make sure I have not gotten lax in one area or so focused I forget some of the big picture. I will also be bookmarking this page for reference and will use it often. Thank you!

  70. Pat S says 29 April 2011 at 12:32

    I think there’s a time and a place for the basics. A review from now and then never hurt anyone.

  71. El Nerdo says 29 April 2011 at 15:49

    This is a nice collection and I have lots to read, but I still don’t get all the stock market jargon. Like this kind of stuff:

    http://www.squidoo.com/stock-market-jargon

    or

    http://www.sportstradinginvestor.com/sports_trading/glossary/trading_glossary_q-z.shtml

    I remain bamboozled by things like “mid-cap”, “call”…

    oh, damn, I think I just found the missing link:

    http://www.investopedia.com/university/

    hurray!

    happy friday

  72. 20 and Engaged says 30 April 2011 at 14:14

    Great one stop resource. You should package/bundle it for people who like kits (like me!)

  73. Zack Vernal says 01 May 2011 at 13:37

    This is a wonderful resource! You don’t know how many times I wished I had some kind of easy access tool kit to give me brief understanding of something like “Time Value of Money” or “Compound Returns.” Thanks!

  74. Liz says 02 May 2011 at 05:52

    Thanks for reposting this. I started listening to Michael Fischer’s youtubes and they are very good.

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