A look at five interesting personal finance posts from other bloggers around the web. This week: consumption smoothing, bankruptcy emerging, the worst scamming, the best thrifting, and DIY house building.
[Pop Economics] Here’s a headline you don’t see every day. This blog, which doesn’t list any writers’ names (usually a red flag to me) explains the concept of “consumption smoothing” this way: “You want your quality of life in your 60s and beyond to be about as high as it was in your 30s.” Not sure I agree – I think it should be higher – but it’s an interesting read.
[The Dough Roller] Hopefully you’ll never find yourself anywhere close to a bankruptcy filing, but if you do, this article will help you get back on track as soon as possible. The same information given here also goes for those just trying to establish, or reestablish, credit.
[ConsumerAffairs.com] An oldie but a goodie – and the top post lately on this very helpful website. What comes in at No 1? No surprise: “Foreclosure rescue scams.”
[Budgets Are Sexy] I’m seldom interested in reading what 20-year-old girls think about money, but this is an exception. This one offers some excellent advice about “the joys of thrifting,” specifically clothes that don’t look like you got them for cheap.
[Get Rich Slowly] I write often about how to buy a house for the right price, but I know nothing about building one from scratch. This is a fascinating story about doing something that I’d love to try but probably never will.