Posts I Enjoyed Last Week

In addition to my daily observations on what happened around the personal fiance blogosphere, I also found the following articles worth some reading times:

Henry and Matt at Binary Dollar had a little chat on online savings account the other day. Though the conversation didn’t exactly end up telling us which online bank offers best rates, it did bring up a concern many first-time users may have: Is my money safe? While each online bank differs from others in interface, security features and rates, the first and most important element to check is if the money is FDIC insured. Without it, I won’t even consider using it.

Silicon Vally Blogger at The Digerati Life shares with us some tips on how they manage their money and emotion when they started their own business. The sacrifices are not just current salaries and benefits, but a healthy retirement as well. Read the article and see how they cope with the uncertainty.

Jeremy at Generation X Finance takes on bad credit habits in his latest segment of 24 Signs of Financial Trouble series. Among the habits mentioned, Jeremy highlights three that could do the most severe damage: pushing the grace period, pushing credit limit, and being chronically late with payments. Use credit cards, but use them responsibly.

Do you like those “5 ways to save your thousands” or “10 easy steps to become a millionaire” articles? I don’t and I believe I am not alone. Lazy Man at Lazy Man and Money challenges the conclusion David Bach made in his Five Ways to Save $2,500 in 20 Minutes article. Whenever I read these articles, I always wonder “Do they (the authors) eat their own cookies?”

Ben at Money Smart Life recently discovered a new website that offers tricks of the trade and what he found particularly useful is a tip from a hotel manager on asking for a BUSINESS discount even you are not there for business.

This week’s muse news is from Golbguru at Money, Matter and More Musings. The topic is on how to become rich using milk bottles and a ball, very entertaining. I like the potential of the game as Golbguru observes that “the activity must be providing very good return on investment (ROI), because there are hardly any capital costs (you don’t even need high school education) and operating costs.”

Super Saver at My Wealth Builder shares with us their experience on being frugal while in expatriate. What can we learn from their 3.5 years in a foreign country?”While overseas, we had not grown used to living on 170% of my normal income. By learning to be frugal like the locals, we only lived on 80% of my home country income and were still able to enjoy being in a foreign country and culture.”

MoneyMonk has a list of 10 Debt Reduction Mistakes people usually make. If somebody has already made those mistakes, we certainly don’t want to repeat them.

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