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Posts tagged with ‘personal finance’

How birth order affects your finances
Thought your birth order only controlled who got stuck in the middle seat in the car? Think again.
Being the oldest, youngest or somewhere in between can affect how you handle your money, how your credit score might surge or how you deal with debt.
Firstborns demonstrate fierce responsibility in their finances. They are more likely to pay bills on time and keep their finances in order, resulting in phenomenal credit scores. Firstborns may also have a tendency to set unrealistic financial goals; instead, they should focus on more reasonable short-term goals.
The middle child is often a problem-solver who thinks they don’t need help with their financial problems. While they may find creative ways to pay a bill, it can often result in muddied finances with secret piles of unpaid bills. Instead of trying to hide their debt, middle children should seek to create a mutual plan with a spouse to turn their finances around.
The baby of the family is often very social and prone to choosing fun activities over budgets. The youngest child may not realize that the key to saving money in financially tight times is to cut the activities, and they may even think that mommy or daddy will help bail them out of debt. Instead of going out for dinner, they should consider just getting coffee with a friend.
The only child shares many traits with the firstborn. In an effort to be responsible and independent, only children may find themselves trying to prove their independence by living outside of their means. Instead of spending cash to seek approval from others, only children should consider investing in something that has long-term benefits, like a paid-off credit card or a nest egg.

How birth order affects your finances

Thought your birth order only controlled who got stuck in the middle seat in the car? Think again.

Being the oldest, youngest or somewhere in between can affect how you handle your money, how your credit score might surge or how you deal with debt.

Firstborns demonstrate fierce responsibility in their finances. They are more likely to pay bills on time and keep their finances in order, resulting in phenomenal credit scores. Firstborns may also have a tendency to set unrealistic financial goals; instead, they should focus on more reasonable short-term goals.

The middle child is often a problem-solver who thinks they don’t need help with their financial problems. While they may find creative ways to pay a bill, it can often result in muddied finances with secret piles of unpaid bills. Instead of trying to hide their debt, middle children should seek to create a mutual plan with a spouse to turn their finances around.

The baby of the family is often very social and prone to choosing fun activities over budgets. The youngest child may not realize that the key to saving money in financially tight times is to cut the activities, and they may even think that mommy or daddy will help bail them out of debt. Instead of going out for dinner, they should consider just getting coffee with a friend.

The only child shares many traits with the firstborn. In an effort to be responsible and independent, only children may find themselves trying to prove their independence by living outside of their means. Instead of spending cash to seek approval from others, only children should consider investing in something that has long-term benefits, like a paid-off credit card or a nest egg.

This week’s finest in personal finance

This is the scariest weekend of the year, but you can take comfort in this financial wisdom. Happy Halloween!

1.       Save for baby or retirement? Jean Chatzky’s answer may surprise you Savvy Sugar

2.       Pros and cons of using layaway this holiday season Credit Karma

3.       Smart investment strategies for every age All You

4.       How can you afford to travel the world? Afford Anything

5.       19 easy changes you can make to cut your grocery bill Happy Homeowner

6.       Grandpa got scammed for $2,500 …. Almost! Bucksome Boomer

7.       Side Hustle Series: I’m a phone sex operator Budgets are Sexy

8.       Buy your vacation from a daily deal site Couple Money

9.       Payment options on your credit card 2 Minute Finance

10.   The financial shock of having a newborn The Wisdom Journal

This week’s finest in personal finance

Get a smart start to the first weekend of fall! Check out these personal finance posts.

1.       How to fail an interview and why your resume is ignored Afford Anything

2.       Stay-at-home parents: Maintain your credit history Canadian Finance Blog

3.       How to talk to your aging parents about their finances Generation X Finance

4.       Are Roth accounts overrated? Oblivious Investor

5.       Predicting stock returns for fun and profit Barbara Friedberg Personal Finance

6.       Drug store do’s and don’ts Farnoosh TV

7.       How to cook gourmet food on a budget Pocket Your Dollars

8.       Bought out and spent: Compulsive shopping and spending Impulse Save

9.       Staying encouraged and positive while paying off debt Careful Cents

10.   6 steps on how to time the market Owl Invest

(Source: bankrate.com)

This week’s finest in personal finance

Cheers to the frugal life this this weekend. These blog posts will help you keep your budget in check:

1.       What we can learn from Steve Jobs and Apple about money Careful Cents

2.       5 ways for a college student to make a buck The Dollar Stretcher

3.       Are you frugal at the expense of enjoying life? Mom’s Plan

4.       How to not get rolled in a licensing agreement Kathryn’s Conversations

5.       Career vs. family in Silicon Valley Her Every Cent Counts

6.       Where would YOU hide $100,000? Budgets Are Sexy

7.       How couples should communicate about money Smart Moves to Grow Rich

8.       Celebrating anniversaries on a budget Broke Professionals

9.       Saving, scrounging and learning to get back on the horse Impulse Save

10.   Make sure you’re financially ready to weather a hurricane Interest

This week’s finest in personal finance

As you take advantage of sales tax holidays this weekend, remember to check out these posts for more financial tips and advice.

Happy Friday!

1.       A lost decade, really? Enemy of Debt

2.       10 ways to get out of debt Money Smart Life

3.       How to keep your online details private Debt Sucks Blog

4.       3 ways to stretch the life of your car Faith and Finance

5.       The Boomerang Generation: College graduates moving back home PT Money

6.       10 things to consider when buying or building a new home Bible Money Matters

7.       When is it okay to apply for Section 8 housing? One Money Design

8.       How I saved for my down payment Give Me Back My Five Bucks

9.       Voters don’t know what they want, and neither do investors A Rich Life

10.   How to bounce back from huge medical bills Deliver Away Debt

This week’s finest in personal finance

We’re sending some link love to our top picks for this week.


1.       Is your hobby holding you back financially? Bucksome Boomer

2.       What frugal personality type are you? Super Frugalette

3.       Effective ways to save electricity at home Tight Fisted Miser

4.       Is the lottery ever a good investment? Betterment

5.       Sleep on it Pocket Change

6.       Questions to ask before purchasing a Groupon Sophisticated Spender

7.       Are elite schools worth the cost? Money Talks

8.       How we saved money on our wedding Minting Nickels

9.       Saving money for a dream house Money Reasons

10.   A letter to my 18-year-old self The $60K Project

This week’s finest in personal finance

It’s hard to believe we’re wrapping up another week in July. But this isn’t just any July. This July happens to have five Fridays, five Saturdays and five Sundays.

You may have heard the hoax that this happens only once every 800 years. July’s like this one are rare, but they’re not that rare. The last time we had a July like this one was in 2005, and we’ll have one again in 2016.

So, enjoy what’s left of this somewhat rare month, and keep up with the personal finance world with these fine posts.  

1.       Which status symbols annoy you the most? Stop Buying Crap

2.       No more use-it-or-lose-it? Joe Taxpayer

3.       How do I stop being so darn lazy? I Will Teach You To Be Rich

4.       The happiness fund Betterment

5.       Numbers don’t have agendas, but people do Debit versus Credit

6.       How I traded my day job for a flexible work schedule The Digerati Life

7.       4 reasons to get rid of the penny Money Talks News

8.       Should I pay money to start a work-at-home job? 1099 Mom

9.       Beating the market is an illusion Owl Invest

10.   Make extra money with focus groups Sophisticated Spender

This week’s finest in personal finance

There’s a lot going on in the PF blogosphere. Here are our picks this week to help keep you posted:

1.       Ramit Sethi to give our keynote address Financial Blogger Conference

2.       The economy of doubt Canadian Finance Blog

3.       How to fly first-class around the world for free Afford Anything

4.       Ignore the Joneses and live well Bucksome Boomer

5.       How much money do you spend on bad habits? My Dollar Plan

6.       Camping with young kids — frugal folly? Money Smarts

7.       How we react when businesses change their services 2 Minute Finance

8.       Few investors enjoy a lifetime stock return as  high as the average stock return A Rich Life

9.       How to save money on magazine subscriptions Wealth Informatics

10.   The best hotels for the lowest rates Money Smart Life