Money Under 30 provides simple, honest financial advice for starting out.
Specifically, as you go from being a broke student to an independent adult with a decent job and some money in the bank, maybe you’re wondering “what now?” Or, simply: “How do I not screw this up?” Perhaps you want to get out of debt, get married, buy a home, or even have kids. Maybe you want time to have fun or travel before settling down. Or maybe you just want some furniture that’s not from IKEA.
Whatever your goal, we want to help you get there. By the way, it is fine if you’re over 30, too. It’s never to late to get right with your money!
If you’re new to Money Under 30, this is what we believe:
- Personal finance is personal. Guidelines are useful, rules don’t work for everybody. Becoming truly rich means having enough money to live the life you want, not the life popular culture suggests you should have.
- Being “good with money” is about psychology, not math. We learn financial habits as children and teenagers from our parents and environments. By the time we’re adults and have to manage money on our own, it can be extremely difficult to unlearn bad habits, but it’s not impossible…with the right tools.
- It’s never too late to learn. The site is called “Money Under 30″ because I started it when I was 25 for people my age. But money savior faire knows no age — stay and grow with us.
Love it? Sign up to get our new content by email once each week. (You’ll also get MoneySchool, our free 7-day email bootcamp.)
Some actionable posts to get you started
- How to save when you were born to spend
- How to pay yourself first (and why it works so damned well)
- 61/2 steps to financial stability
- No more budgets: A 4-part series on automating your finances and building a bulletproof money management system
- A month of saving: 31 tips to ignite your savings
- The big, fat guide to beating debt
- Should you pay off your student loans early?
- How to build credit for the first time
Stories for inspiration and motivation
- Why you should decide to earn more
- How to negotiate anything (even if you’re shy or afraid)
- How to start freelancing: Four steps to a successful second income
- When you should work multiple jobs
- 10 ways to demonstrate value to your employer
- Where to put your money
- The case for simple investing
- Your automatic investing plan
- How mutual funds can help you start investing
- 401k or IRA?
- 23 things beginners must know about saving for retirement
- Why you need a Roth IRA
- Renting is NOT wasted money
- First-time home buying guide (w/ links to more posts)
- How much house can you afford?
- A tried and true method for investing in rental property
- How do you know when you’re ready to buy a home?
Tools and resources
- Check your credit for free (really)
- Open a savings account: Get today’s top rates
- Online stock brokers compared
- Recommended credit cards
- Free budgeting with Mint.com
I’m David. (That’s me, my wife Lauren and daughter, Molly.) I live outside Portland, Maine, and I’m a blogger, husband, new dad, and a recovered debtaholic.
After graduating from college in 2003, I moved to New York City to take a job as an editorial assistant at SmartMoney magazine. Even as I worked at a personal finance magazine, I let my own finances get worse and worse.
By 26, I had no savings, no financial plan, not even a dollar of available credit. I was maxed out, stressed out, and fed up. I was earning $32,000 a year and lived in an 8×10 room in a rented house with three roommates. I was also $80,000 in debt.
How did I get there? I wish I had a good story. Like I had spent two years travelling the globe, paid for a loved-one’s lifesaving operation, or lost it all in a card game. Alas, I had simply spent my way through early adulthood, ignoring the cardinal rule of personal finance: Don’t spend what you don’t have.
And so I started Money Under 30 as an outlet to write about money: my mistakes with it, but also how I eventually learned to manage it well. I wrote, but I also worked furiously to pay off my debt. I got a second job at Starbucks. I found a higher-paying “day job”. Months later, I accepted a job back at my old employer for yet another raise. Meanwhile, this site grew from a hobby to a part-time business.
Today, publishing Money Under 30 is my vocation and my passion. It’s my sincere hope that I can help you learn to manage money well, too.
David E. Weliver
Founder, Money Under 30
Money Under 30 has appeared in major media outlets including:
Here’s a list of links to selected quotes and radio/podcast interviews. I welcome interview requests and opportunities to speak to groups about personal finance or blogging.
Here’s what some readers say about Money Under 30 in their own words:
Adam: “[T]hank you guys for all you do. As an undergraduate racking up tons of student loan debt, and someone who doesn’t have a great pedigree in money management, I’ve found the advice on this site a lifeline.”
Kelcie: “I’ve just subscribed, and I could not be more impressed…Thank you for making the subject of finances bearable!”
Bishnu “I love your blog. I have been reading for a few months now and your posts help me out tremendously. I managed to save up a little over $20k so far. I plan to continue saving… Keep blogging bro!”
Tom: “Your articles are awesome. I just used the LendingClub site I found on your blog to consolidate my credit cards. And I’m hoping to buy a house as well in 4-5 years and it’s SO expensive here in the northeast. I know your site will help with that goal. Thanks again.”
Comments? Questions? Media inquiries? Send ‘em in! Contact me now.