By Sheryl Smolkin
This week we bring you blogs from some old favourites as well as some new finds.
On the Canadian Personal Finance Blog, Big Cajun Man reminds us of some of the hidden costs of going away to university that you or your child may not have budgeted for. Don’t forget computers and other devices; trips home; and non-refundable activity fees.
The Frugal Trader shares on Million Dollar Journey how he finally hit the million dollar net worth milestone. Starting at about $200,000 in 2006 he reached his goal by spending less than he earned; aggressively paying off debt; and buying long-term appreciating assets.
We follow Tom Drake on the Canadian Finance Blog, but in a recent interview we became aware he also owns and writes for Balance Junkie. In a recent blog on that site he shares the following three ways to change your lifestyle to save money: Less entertainment, more education; exercise more and eat healthy; and get enough sleep.
Finally, Kevin Mercadante’s blog Out of Your Rut is referenced in this space for the first time. He recently wrote an interesting post about breaking free of the constraints of being middle class.
Kevin says it takes a lot of time, effort and financial resources to maintain the stereo typical middle-class, suburban lifestyle. The resources that you devote to the chase can take away from other directions in your life that might not only be more productive, but might also better suit your personality and preferences.
Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information with us on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.