Credit Card Lowdown recently published an impressive list of the 100 Most Inspiring Personal Finance Turnaround Stories Online which includes this site.
This must’ve been a time-consuming list to build, but it’s a great one, as it shows off 100 great sites that are true to what personal finance blogging is all about – sharing progress towards a goal with others so we can all get where we want to go faster.
There’s no question in my mind the explosion of blogging has changed the world for the better, giving everyday people a voice in a world previously dominated by billionaire media giants and advertisers. But I believe personal finance blogs especially have an amazing potential to change people’s lives, because people struggling to make ends meet, pay off debt, or reach other financial goals can find people going through the exact same thing.
Personal finance bloggers provide daily reminders that the world isn’t as it is advertised and that it takes hard work and serious determination to get the things we want in life. In addition, we provide advice on often confusing financial principles that are based on real-life experience. Before personal finance blogging, consumers had to rely on their own research or biased salespeople to learn about mortgages, auto loans, credit cards, savings accounts, 401(k)s, and more.
My one hope for the future of the personal finance blogosphere is that we start to attract more readers. Especially more young readers. I’ll be the first to admit personal finance isn’t the most fun topic to read about (sometimes even to write about), but it is so critically important. My gut tells me that 95% of the people who need personal finance advice most will never look it up.
At least we can hope that someday they will, and when they do, this site and the other 99 on the 100 Most Inspiring Personal Finance Turnaround Stories Online will be there for them.