This week: The simplest personal finance story you'll ever read, things successful people do every morning, how to raise a non-consuming kid, lessons from the Great Depression, and saving money on your wedding.
[The Tortoise Banker] “This is a no-nonsense post, so let’s get right to it. 1. Pay off all non-mortgage debt. Period.”
This article can’t be 500 words long, yet gives all the advice you’ll ever need to retire rich. In a hurry? Check it out.
[Thousandaire] “Using all of these tips combined, we spent just $1,263.81. I know that probably sounds like a lot of money to most people, but all of our initial quotes were in the $1,600 to $2,000 range. An average wedding spends $1,800 on flowers, so we did ours at almost a 30 percent discount.”
Having been down the aisle myself last year, I echo this author’s sentiments: That $1,200 seems a lot for flowers, but for most weddings, it’s cheap. We used most of the tips provided here, but still didn’t get the cost that low. If you’re about to tie the knot, check this one out.
3. How the Attitudes of People During the Great Depression Can Help You Reach Financial Independence
[Three Thrifty Guys] “… what sticks out most to me about the period known as the Great Depression is the people – more specifically, the people and their attitudes. Consider these quotes from those who’d lived through the Great Depression.”
Back in 2010, I wrote a post called “What Goes Around Comes Around: Lessons from the Great Depression.” The lessons I learned came primarily from my parents. This author features quotes from other people who survived an economic downturn that makes our recent recession look like a walk in the park.
Think you’ve got it bad? Read this post.
[Tie the Money Knot] “While I know that having a period of spending money carelessly is just part of growing up, I hope to instill in my kids the ability to save money. I want to teach them how to be responsible with their money. Yes, they can blow money, but I want it to be in limited quantities.”
So how do you raise your kids not to be horrible savers? This article suggests limiting what they watch on TV, avoiding video games, and instilling frugal traditions, among other things. Check it out for more.
[Wise Bread] “While there are many factors that influence a person’s success, those who have discussed their preferred habits or have documented their own tricks of the trade seem to have several common denominators when it comes to reaching their goals.”
I can’t normally tick all the boxes on lists like this, but on this one I did pretty well. Among the things I do: prepping at night, rising early, eating breakfast, tidying my work space and getting some sunshine.
Take a look at the list and see how you do.
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