As a part-time blogger I found it impossible to stick to any type of posting-schedule. Now, I have no excuse! That means Friday roundups of my favorite personal finance articles from around the Web are back…with a twist. Each week’s links will focus on a theme. This week…simple finances.
Yesterday, I was inspired by Man vs. Debt’s post 42 Ways to Radically Simplify Your Financial Life (and judging by Twitter, I wasn’t the only one). The list starts with the obvious: Focus on one goal at a time. Consolidate bank accounts, cancel credit cards, and use cash. But from there it gets interesting. Perhaps my favorite piece of advice is to make a list of everything you own and sell half of it within two weeks. That kind of thing may not be for everybody, but if you want to simplify, you can’t beat it.
Along the same lines, PT Money has a great post reflecting on his own efforts to clean his financial house: Clean Finances, Clean Minds.
This morning I posted a new tool called the Really Simple Budget Worksheet (guess I’ve really got simplicity on my mind). The printable version of that budget worksheet goes back to pencil and paper. Not that I don’t love all these cool new online budgeting tools, but sometimes it’s just easiest to lay it down on paper. Matt over at Debt Free Adventure agrees, as he describes The Modern Pocketbook. It’s not what you think. I.e., not a purse. You’ll just have to read the post to find out.
Moving along to ways to simplify more specific aspects of your finances, I have to point out the Generation X Finance article: If You’re Going to Consolidate Debt then You Have to Stop Using Credit. I did not learn that one fast enough back when I first started my battle with debt!