Summary Sunday is a weekly post where I put out a short list of the personal finance blog posts and articles I liked the most throughout the previous week. Links to each post are in the headers. I hope you enjoy them too!
Strive To Wake Up And Do Nothing (With Your Finances)
Written by Retire Before Dad – Published April 20, 2017
I just discovered Retire Before Dad today and I can tell we have a lot in common. Case in point, this article. I’m nearly completely on autopilot with my finances, and I looooove it. Automation? As much as possible. Eliminate bills so you don’t have to remember to pay them? Sounds like a great idea. Passive income? Yes, please! About the only thing I don’t agree with here is the comment about how the manager is working on being a good manager. Making your team do your work while you plan your next promotion is not being a leader. But the finance-related stuff? Spot on.
The Transportation Solution That Could Save You $100,000 Over A Decade
Written by Financial Panther – Published April 20, 2017
I recently sold my car. I loved that car. As of the day I sold it I’d had it for exactly 12 years and 1 day, and it was still in great shape. However, I didn’t need it. I’m currently stationed in a place with great public transportation options, and I was using my car so rarely that the battery kept dying from lack of use. My apartment charges for garage space, so I was spending $100/month to store it, plus the cost of insurance, plus the hassle of having to get it jumped on the rare occasion I needed to use it. I decided to go car free and haven’t had a second thought about it. I can walk to work and shopping. Friends and entertainment venues are easily accessible through public transportation, and a bikeshare is a block away if I want to feel the wind in my hair. I won’t be saving as much as the average person highlighted in this article since my car was paid off years ago, but I’m keeping an additional $2000 in my pocket each year by not having a car. If going car-free is even potentially feasible for you, I recommend trying it out for 1-2 months. That’s plenty of time to see if you can survive without a car. Better for your wallet, your waistline, and the environment!
Why and How to Start Saving for Retirement Now
Guest Post by Brad from Maximize Your Money – Published April 18, 2017
Do you want to know what REALLY impacts expected returns the most though? Time. That’s why you need to start saving (investing!) for retirement immediately.”
That about sums it up, actually. The reason you should start saving for retirement now is that time is on your side. The longer you are able to put money away for retirement, the more likely you will be successful in funding a comfortable retirement. Even if you can only start with a small amount, get started today. If you are already investing, see if you can add more. Do it now. You will always have an excuse for why you can’t save for retirement. Excuses are not in short supply. What is finite is time.
Did you find any great personal finance articles this week? Share them in the comments!
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