It was a big week for me, carnival wise. I participated in the following blog carnivals. So many great posts. Check them all out!
- Carnival of Personal Finance – Learn the Basics of Investing
- Carnival of Twenty-Something Finances – Mustache Edition!
- Festival of Frugality – Frugal Living is Timeless
- Money Hacks Carnival – Spring Edition
And a whole series of links for you to peruse. These are just a few of the blog entries that caught my eye this week. I’m testing a new way to save these links so as to make the link sharing much easier on me, and so far, it seems to be working well.
- Should the Government Use the Stimulus to Bailout Madoff Ponzi Victims?
- The Very Basics of Asset Allocation
- Which Comes First: Paying Off Debt or Starting Emergency Fund?
- Reflections on Leaving My Job… Six Months Later
- You Can Afford to be Generous
- If an economic crisis hits you, are you ready?
- Credit Scores from Credit Karma are Deflated
- The Free Online Tax Filing Toolbox: 25 Sites for Tools, Printable Forms, Software, and More
- Why is Money a Four Letter Word?
And from my friends over at Pecuniary Associates
- Credit Mishaps: How 1 Collections Agency Notice Continues to Spoil My Day
- 5 Consumer Trends in the Recession Economy
- Time for new tires – or why I’m glad we have an emergency fund
- What I Learned about Real Estate Investing Today: Be Patient
- When “Free” Things Aren’t Free: Beware the Hidden and Indirect Costs
Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.