Sep 19 2008

Check It Out! New Blogs About Managing Money

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As part of my non-comprehensive random-walk survey of money blogs online, may I present a small selection of the results for your delectation? I have avoided the obvious mega-blogs powered by media and other vested interests. read them at your peril. But apart from that, we range from the tiny and specific to the eclectic and very amusing. Enjoy.

Worth a look is this blog about pretty much all personal finance topics - how to save money, ways to earn extra money, how to reduce debt, how to reduce mortgage payments, ways to reduce credit card debt, and how to become debt-free. The occasional post might be too specific to be of interest to a broad market, but most posts will be at least mildly interesting to the average reader, and there is an occasional gem as well. Make sure you check the archives, because you can find timeless material that is quite useful hidden in the depths.

It’s particularly good on strategy, and thinking about your overall financial situation. Any individual tactic is just a piece of the puzzle, and without a co-ordinated financial plan you cannot possibly get the best benefit out of any given tactic.

Now, I hesitate to blow the horn too strongly on this little gem, because its early days yet, but I really like the style and variety of the posts about interest rates predictions, debt consolidation, refinancing, investing, reducing expenses, reducing monthly payments, vehicle refinancing, and wealth creation on this blog, and I am looking forward to reading more. Intelligence is a rare commodity online, where writers have become utterly divorced from editors, and virtually all publishing is vanity publishing.

This blog has the potential to be not only intelligent, but amusing and entertaining at the same time. I’ll be watching this one closely, and here’s hoping the quality remains high over time. We can never get enough of quality writing online - the problem is finding it amongst all the rubbish.

I’m deviating a little here, because generally I go for broad-based money blogs which offer a selection of topics, posting about how to save money, ways to earn extra money, how to reduce debt, how to reduce mortgage payments, ways to reduce credit card debt, and how to become debt-free. In this case, though, I’m making an exception. Sometimes, a tightly focused blog can give you more detail than a broader blog, and that can be very valuable in itself.

This is a blog about credit cards - credit cards, debt consolidation, gift credit cards, credit card interest rates, best credit cards, credit card debt, credit card payments, credit card issuers, and how to reduce credit card debt. When you take a topic like credit cards, it is quite fascinating to delve into the depths of knowledge about a laser-focused topic. Gift credit cards, for example - I had never given them a second thought, but the pitfalls there are incredible! Credit cards are one of the largest financial hurdles in our modern life, and one of the most poorly-understood mass financial instruments. Any education about credit cards is good, but this blog is particularly comprehensive.

I think that most consumers could benefit from reading about how to save money, ways to earn extra money, how to reduce debt, how to reduce mortgage payments, ways to reduce credit card debt, and how to become debt-free on a regular basis. Money blogs are not the only way to gain this information, but they are convenient, provide bite-sized chunks of information, and if you choose well, provide reasonable quality information. Generally they are written in a readable style and break the information into small enough chunks that you don’t get overwhelmed.

I would recommend keeping an eye on the blog at moneytalksabout.com/blog. This blog pulls together RSS feeds from several other good quality money blogs, which saves time and effort in surfing around the internet to each blog. There are good quality original posts from time to time, as well, and Money Talks has a good reputation for no-nonsense content.

As you can imagine, this handful of recommendations is not going to cover the full gamut of money blogs. Quite apart from the existing crowd, new money blogs come into existence every day. There will be hundreds of undiscovered gems available elsewhere. Please add a comment with the URL of your favorite blogs about how to save money, ways to earn extra money, how to reduce debt, how to reduce mortgage payments, ways to reduce credit card debt, and how to become debt-free, and tell me why you like them. I look forward to hearing your thoughts - and learning something new!

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