A look at five interesting personal finance posts from other bloggers around the Web. This week: achieving more, putting retirement first, election season economics, most common money problems, and diminished sensitivity.
[Wise Bread] Do you want to switch careers or boost your nest egg? Wise Bread makes an interesting argument: Rather than viewing a goal as a singular thing, try breaking it down into a series of sequential and simple tasks. Start by setting a primary goal and then working backwards by considering the cause-effect relationships of sub-goals along the way, Kentin Waits writes. My take: Anything that promises a way to achieve more and achieve it faster is at least worth a try.
[DailyWorth] It’s a common predicament among parents: What’s more important– saving for your child’s college education or saving for your own retirement? Experts insist retirement must come first. Writer Marjorie Ingall explores the reasons why and explains the emotions involved in making the difficult decision.
[Mint] From now until the election, Mint has committed to taking a closer look at specific economic topics and how the presidential candidates are addressing them. Cyrus Sanati starts the series off by tackling the issue of federal income taxes. Although the article doesn’t touch on the candidates’ tax plans (you have to wait until next week for that), the article poses some thought-provoking issues, like the fact that you’re likely paying less in federal income taxes today than you were four years ago. It sure doesn’t feel like it, does it?
[Gen X Finance] Buying more house than you can afford and wasting money on pricey cars are just two common hiccups in many people’s financial lives. Check out this list to see how many of these potential mistakes apply to you.
[Bargaineering] This is a unique take on why we are often more focused on saving $1 than saving 5 percent off a big purchase. Next time you catch yourself driving to the grocery store across town just to save a couple bucks on produce, think about how this mentality can pay off when it comes to big-ticket buys, like a family vacation.