It’s already been a year of extreme weather with raging wildfires and massive flooding, and Mother Nature just unleashed an army of tornadoes. I couldn’t believe my eyes when I saw footage of the absolutely massive tornado that devastated several Alabama towns on April 27. It was so wide and powerful that it reminded me of something from a Dennis Quaid action movie.
On May 22, a tornado tore through Joplin, Mo. — a city my grandfather hails from — and wiped out nearly a third of it. My younger sister was in Memphis, Tenn., for the first time last week, and she witnessed the sky turn green and a tornado form before her eyes (she is fine). Then on Wednesday, several tornadoes unexpectedly hit Springfield, Mass., and caused major damage.
Last August, I blogged about hurricane season and offered some advice on emergency preparedness. I just read in Newsweek that due to climate change, “freak storms are the new normal.” With the recent spate of tornadoes and new hurricane season (which will be nasty, according to Time), I wanted to distribute the information again. My colleague Connie Prater put together a thorough checklist to help you prepare your finances before a disaster hits. You should also check out her FAQ about dealing with your credit cards in the face of a natural disaster.
Please read on for more great personal finance and credit tips in this list of my favorite personal finance blog posts from the past week!
1. Frugal Dad reveals his past struggle with student loans and credit card debt and explains why he and his wife plan to pay for their childrens’ college education.
2. Are you worried about burdening your family with the cost of a funeral whenever you die? PT Money reveals an interesting way to forgo the cost of thousands of dollars: Donate your body to science.
3. Millions of Americans are actively job searching. After learning that it would cost $300 for a flight from his family’s own pocket for a mere interview, Punch Debt in the Face questions how far we should go for a potential job.
4. Credit cards can be incredible financial tools, but they shouldn’t be fully relied on when you’re low on funds. Cash Money Life provides tips on how to manage your finances if you have irregular income.
5. Squawkfox wonders whether it’s better for couples to keep their finances together or separate and describes three different banking systems for couples.
6. On a similar note, a guest author on Blonde and Balanced discusses the way she and her boyfriend manage their credit cards and banking accounts together.
7. Wealth Pilgrim reviews the site CreditSesame.com and explains how it helped him get his credit score for free.
8. Million Dollar Journey features an interesting post about the habits of the wealthy and three common myths about getting rich.
9. Money Crashers explains the benefits and drawbacks of both debit cards and credit cards.
10. Enemy of Debt poses six important questions you should ask yourself if you need guidance for improving your finances.