We always write about hurricanes right around this time of year. Why? Credit card debt and payday loans can wreak havoc on your finances in the long-term, but a powerful hurricane can destroy your home — and savings — in a matter of hours.
Earlier this week, Hurricane Isaac gave a thorough beating to New Orleans, South Florida, Haiti and the Dominican Republic. It wasn’t another Katrina, but according to Reuters, there has still been dangerous flooding, strong winds, hundreds of thousands of power outages and at least two dozen deaths in Haiti. The unpredictability of these storms calls for the need to plan far before a natural disaster. Here are our best resources for getting prepared for a hurricane or other weather emergency:
We hope you’re safe wherever you are. Keep reading for my list of my 10 favorite personal finance blog posts from the past week, several of which have tips on budgeting and saving that can be helpful for emergency preparedness.
1. 20’$ Finances reminisces about his first credit card and discusses why all adults should have one.
2. Modest Money presents a guest post that reveals four steps you should take to secure your credit if your identity has been stolen.
3. Money Beagle offers some simple but often overlooked methods for saving money on your utility bills.
4. L Bee and the Money Tree explains why going grocery shopping is the perfect real-world way to learn how to budget.
5. TeacHer Finances discusses the merits of faking it until you make it with both your career and your personal finances.
6. The Wealth Artisan challenges the conventional wisdom that money will follow if you do what you love.
7. Young, Cheap Living provides a thorough guide to setting up a budget in five steps.
8. Squirrelers laments that many current pop songs send poor financial messages to our youth.
9. The Money Principle explores the so-called Matthew Effect, which claims that rich people not only get richer, but they spend less.
10. Newlyweds on a Budget writes a funny post about her main complaint about marriage: Her husband gobbles up nearly all of the food budget and leaves her having to hide food from him.