Do you read any good personal finance blogs?
My favorite is MyMoneyBlog.com but I also read Mr. Money Mustache and the Bogleheads forums from time to time as well.
Any good ones out there that you recommend?
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@sunny: I read Money Mustache, too! That's about it, but I'll check out the other ones you mentioned.
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@sunny: I'll have to check out mymoneyblog!
I have Early Retirement Extreme, the YNAB blog, the Dave Ramsey blog, and Mr. Money Mustache on my reader, but I don't read them on a regular basis. I just go there when I need some inspiration or if I'm looking for something in particular.
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I used to and I think I'm still subscribed to Get Rich Slowly. After a while, they all seem to say the same thing.
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Squawkfox.com, though she doesn't post as much as she used to.
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I read dailyworth.com it's finance and career focused but pretty light.
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No, but I subscribe to r/personalfinance on reddit. It's very informative.
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Christian personal finance and bankrate
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I'd like to!
@sunny: Do any of these focus more on prioritizing your investments (ie mortgage, retirement, stocks, etc)?
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@loveisstrange: I don't know how to work reddit, but that sounds interesting!
I read the YNAB Blog occasionally, and I recently started dipping my feet into Mr. Money Mustache. Although, I read that one more for entertainment rather than money tips because he's so strict.
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@Mrs. High Heels: @Freckles: @T-Mom: @loveisstrange: Thanks I'll check those out!
@scg00387: Yes I agree that content seems to get recycled often on GRS. I was reading for awhile but unsubscribed after they posted about not washing your hair to save money. That is when I realized it just wasn't the right blog for me
@swurlygurl: I think Bogleheads would be a good resource for that. The community is extremely knowledgeable. Of course, nothing is a substitute for professional advice! I think there is a general consensus though for order of funding retirement accounts. Let me see if I can find it because I don't recall the exact details.
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@swurlygurl: There was a specific article I was looking for but I can't seem to find it now, but here's the jist:
Provided you don't have any high interest consumer debt, you can use this as a general guideline for priority order of investing retirement funds. Keep going until you run out of money to invest.
1. Invest in your company's 401k up to the company match
2. Invest in a Roth IRA up to the max
3. Invest in the 401k up to the maxDave Ramsey seems to agree with me, and many people enjoy his work, though I don't really follow him as his focus isn't on what I want to focus on. Dave Ramsey says don't put more than 15% of your income away in retirement accounts, but I disagree with that.
You had asked about mortgage and stocks as well. Dave Ramsey seems to say that funding college is more important than paying off your mortgage. Not sure if I agree with that, but then again, I'm not a pro.
Bogleheads will tell you to put your non-tax advantaged funds that you want to invest in low cost index funds rather than individual stocks or actively managed funds. Actually they'll tell you to do that for your 401k/IRA funds as well.
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@.twist.: Haha. Reddit is kind of confusing. If you just start, you get the hang of it quickly!
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@sunny: Thanks! All that is exactly the kind of info DH and I like to read about (college, savings accounts for kids, mortgage, 401Ks, life insurance, etc). We should probably just go see a professional to set up a plan, but we don't want to pay for that
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@loveisstrange: I find reddit amusing, but most of the audience (for the subreddits I've read) skews so much towards males 25 and under that I have a hard time taking them seriously!
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@sunny: They do, but there are some good subs. Personal Finance is one of them. They are VERY knowledgeable, generally. You just have to unsub from the standard subreddits because thats where most of the idiots are. I love r/cooking, r/baking, r/fitness, r/xxfitness, r/(my city), r/roomporn, r/makeupaddiction... there are lots of good ones.
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@loveisstrange: Oh cool, thanks for the suggestions!
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