7 Reasons Why I Love Personal Finance Blogs
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Hey, friends! I have an announcement to make: today will be my last post at Frugal Rules. I’ve thoroughly enjoyed my time here as a staff writer on the Frugal Rules Dream Team, as us staff writers lovingly call it, but my content writing work has taken off to a level that leaves me no choice but to give up my most all of my beloved staff writing work.
This is a blessing in disguise, of course, as it means more money is coming in to help us pay off debt, but I will truly miss working on the Dream Team. 🙂 Frugal Rules was one of the first personal finance blogs I ever read.
My Discovery of Personal Finance Blogs
Truth be told, I’m not (or at least, I didn’t used to be) much of a technology person, and I’m okay with that. I never really read blogs or understood the obsession people seemed to have with blogs. I didn’t understand how people could spend hours at a time surfing the web, reading blog after blog.
Then, when we finally realized how deep our debt was and that we needed to get out, I knew we needed help because neither of us understood what we had gotten into, or how to get out. After some quick Google searches on how to get out of debt, I was introduced to the world of personal finance blogs. And from there, I’d read the comments and learn of other personal finance blogs.
Soon I was hooked: I’d found a whole world of people obsessed with and educated on the management of money – something we needed desperately to know about. And for the last 2+ years, I’ve been one of the “obsessed.” Today I’m sharing seven things I love about personal finance blogs that have changed my family’s life.
#1 – There is Such a Thing as a Free Education
If you’re looking to learn about how to manage money, get out of debt or build wealth, you certainly don’t need to go and buy a dozen books to get the job done.
Personal finance blogs offer a wealth of information at your fingertips, and there are thousands of personal finance blogs. Some reports estimate the number of personal finance blogs at nearly 20,000. Is that too many? Not in my opinion. The more free education I can get about money, the better.
#2 – Each Personal Finance Blog is Different
This is why I don’t believe there are too many personal finance blogs out there. Each blogger brings a different perspective, personality and vision to the world of personal finance blogs.
Some you’ll like, and some you won’t, and that’s okay. If we all loved the same things, wouldn’t life be boring?
#3 – Each Person Learns Best About Money in a Different Way
You can’t make a square peg fit into a round hole. The way I learn the most about how to manage money is likely different than the way you learn the most about money management.
This is why some people like some personal finance blogs, and some like others. We each do best when we learn about money in a way that most motivates us to get moving on our own personal finance journey.
#4 – Personal Finance Blogs Fill an Education Gap in this World
I’ve not met a person yet who says “I learned all I needed to know about personal finance in school.” Some people have educated parents who taught them well about money, but most adults these days admit that neither their parents nor their schools taught them very much about managing money.
This is part of the reason why today’s adults have an average credit card balance of $15,000+ and little-to-no savings. Personal finance blogs fill a huge education gap that desperately needs to be filled. They give people the gift of financial literacy.
#5 – Personal Finance Blogs Bring Like-Minded People Together
Not all people like talking about/learning about money. In my real life, I have exactly one person that gives a hoot about personal finance.
The rest, if I start explaining the wonders of compound interest or the dangers of debt in society have that “Oh dear God, here she goes again” look on their faces. 😉 Personal finance blogs create an atmosphere where those who sincerely want to learn how to do money better can learn, teach, support and encourage each other.
#6 – There’s a Plethora of Info in the Personal Finance Blogging World
At one point in our debt payoff journey, about a year ago, I was certain that I knew everything there was to know about personal finance.
I’d gotten bored of reading PF blogs, and felt like I wasn’t learning anything new. This post opened my eyes up, to the fact that I certainly wasn’t done learning yet, and that nobody really ever is.
#7 – Personal Finance Blogs Make a Difference in the World
In their own small way, personal finance blogs make a difference in the world. One step, one person at a time, they give people valuable info that they need in order to have a more stable financial life.
Of course, bloggers can’t force people to take advantage of that wonderful education, but they can put it out there for the world to see, and I for one am glad that so many bloggers have taken a chance on sharing their knowledge with the world.
If I hadn’t wandered into this sea of personal finance knowledge, I’m certain we’d still be drowning in debt.
Which money lesson have you’ve learned that has brought the most value to your life? Have you ever thought of starting a blog? What are some other benefits to Personal Finance blogs I didn’t cover?