My Favorite Articles From The Money Blog Network

Let’s take a look at what my fellow members of the Money Blog Network have been writing about this week – All Financial Matters asks about the possibility of a National Sales Tax.  (Wow, a tax system that rewards saving?  What a novel idea.) Get Rich Slowly suggests that shopping leads to more shopping.  (I agree, 100%.) Wise Bread suggests that you visit one site before you buy anything online. Mighty Bargain Hunter has interesting thoughts about HELOC temptation. Five Cent Nickel has several guest posts this week, including mine about intentional living. Consumerism Commentary suggests adding a food pantry to your emergency fund plans. Free Money Finance writes about (what I think is a terrible trend) ‘wardrobing’.

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Popular Posts

Facing The Frustrating Realities With Which We Must Deal

As you move away from financial irresponsibility and towards financial stability, you will find yourself becoming aware of certain new realities. First and foremost, you will note that the vast majority of Americans live without much regard for their own financial futures. Supported by a massive government that believes in handouts and bailouts, many folks have forgotten the idea of personal responsibility. Living well beyond their actual means, most have succumb to the pressure to have more, get more, and use more. Ironically, instead of supporting those individuals who wish to save, our government promotes consumption. Instead of urging people to save for down payments (and thus prove financial maturity), our government promotes even-lower mortgage rates, swelling the supply of…

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Debt Reduction, Motivation

Breaking The Cycle Of Borrowing Money And Paying Interest

For the first fifteen years of my adult life, I borrowed money for every major purchase. Three years ago, I decided to stop borrowing money and get out of debt. As you can imagine, going from a ‘borrower’ to a ‘non-borrower’ (Is that a word?) can be a difficult process. Here’s how I did it – 1. I created two lists. List A was a list of my monthly expenses – by priority. List B was a list of monthly income. I realized, after making the lists, that I could live without using a credit card or borrowing money, but only if I reduced the number of items in list A. 2. After establishing the fact that I COULD live…

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