Good Financial Reads #3

Here are five engaging articles from the financial blogosphere that I thought you all should read in detail.

A leaky shower: Watching your cash flow down the drain by Canadian Budget Binder. Now I know the article isn’t directly related to personal finance but leaky faucets are something I am very familiar with. Fixing them is another matter, entirely. This article shares detailed DIY steps to help you fix your water leak so you can save money on plumbing as well as water wastage. Very useful, indeed.

City Savings: Ways to Save When You’re Living in London by Club Thrifty: I found myself reading the full article because a friend of mine recently traveled to England and complained about how expensive everything was. The blog post shares some interesting tips about saving money when living in an expensive city, and I loved the tip about cooking at home like a pro instead of eating out because that’s exactly what I suggested my friend do! Great minds… 🙂

Girl Meet’s Debt recently posted a very amusing comparative list between being “frugal” and being ‘cheap’, and I found myself thinking how many points applied to me. For instance, it’s frugal to pack homemade lunch to work (something I used to do back when I was a student) but it’s cheap to constantly ask others to buy you lunch because you’re short on cash. There are lots of other comparisons, some serious and some made just to humor you, so do check out the post!

A guest post over at Modest Money about the idea of using your 401k account to pay your bills talks about the pros and cons of taking cash for your retirement account before you actually retire. A lot of blogs have discussed this idea and some are in favor of it, but I think the general attitude is to stay away from that money. It turns out, any savings you have in the 401k are generally bankruptcy proof, but that’s not the only reason you should find other ways to pay off your bills.

Blonde on a Budget wrote 10 things she would tell her 20-year-old self about personal finance. Of course, money matters are something you gain expertise in with experience, and you end up regretting some financial decisions you made earlier on in your life. As they say, hindsight is perfect, and these sort of posts offer valuable lessons for you and I (like how to use credit cards responsibly, how to manage your savings, and how to adopt a frugal lifestyle).

Have fun reading!

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