I’ve said it before and I’ll say it again: I credit my parents with my financial responsibility (and blame them for my wanderlust). My dad came from humble roots, but worked his way through law school and has successfully worked as a solo attorney for the past 38 years in Houston. This time last year, I wrote an homage to him and discussed all of the financial wisdom he passed down to me throughout the years.
This Father’s Day, I want to give a shout-out to all of the other dads who also helped shape their children to be financially responsible. Sure, many of us go to college and make some bad decisions, or struggle a bit right out of school. But parents who teach us financial literacy at a young age give us invaluable tools that will last us a lifetime, especially once we’re a bit more mature and can really put those lessons into action. Kids who grow up without financial role models struggle a lot more once they’re out on their own. I’ve seen it.
So to my dad and all of the other dads out there who have done an amazing job bestowing financial and life wisdom upon their children, cheers to you!
Read on for my recap of my top 10 favorite personal finance blog posts from this week.
1. From Shopping to Saving conducts an experiment to see if her co-workers notice when she wears the same clothes over and over again. The results convince her that no, she really doesn’t need to spend money on new clothes.
2. The Money Principle outlines what her plan would be if she had no money at all and had to make do.
3. Moving is so expensive that it’s enough to keep many people where they are. Finance Yoga comes to the rescue with tips for making money when you move rather than losing it.
4. Jana at Enemy of Debt lists the reasons why she’s ashamed of her debt, but reminds readers that all of the reasons can be overcome.
5. Debt and the Girl discusses how her upbringing left her feeling very nervous about money and explains how it’s both a good thing and a bad thing.
6. Money Under 30 compares three personal finance tools that are similar to Mint.com and can help you manage your money.
7. Moolanomy shares the results of a recent survey that reveals how much Americans are struggling with everyday finances.
8. Financial Highway questions whether it’s worth saving money by waiting in line for freebies or clipping coupons when you could be out making money or doing something more enjoyable.
9. Financial Samurai emphasizes the importance of borrowing only what you can pay back, especially with credit cards and mortgages.
10. Give Me Back My Five Bucks explains how to deal with being unemployed and get back on track.