This past weekend, I had the pleasure of getting together with some of my colleagues in the world of personal finance blogs. Six of us, representing My Journey to Millions, Free From Broke, Investor Junkie, and Money Crashers, met for dinner in New York City. My trip to the city allowed me to get in some of the exercise I missed this past week; with local trains running express, I found myself traveling twenty blocks past my destination and walking briskly back to the restaurant from 72nd Street. Aside from the exercise, it was great to get together with some like-minded bloggers.
Get to know your financial bloggers with some of these recent articles.
Setting your long-term financial goals. This article offers suggestions on how to succeed at the top five financial goals.
Should we hire a nanny? Investor Junkie mulls the additional $5,000 a year it would cost to hire a nanny over the cost of daycare for his children. One-on-one care is almost always the best solution, so if it is affordable, I think it’s a good solution. As Investor Junkie notes, the danger is becoming a stranger to your children in your own household. Although a nanny frees up a family to work on business, it requires harder work to maintain a connection with one’s own children.
Free museum days from Bank of America. Craig from Free From Broke offers this description of Bank of America’s program that provides an opportunity for their customers to visit certain museums for free. This article refers to last year’s program, but it has been extended into 2011. Bank of America’s website offers the list of museums and cultural institutions across the country that qualify.
Don’t complain about money if you do this. Evan from My Journey to Millions notes that people who spend their money on things that he doesn’t feel worthwhile don’t have the right to complain about their financial situation. For example, if you have a smart phone that costs $120 per month (mine costs $70 per month), you shouldn’t complain about being broke. There’s obviously logic to the argument that indicates that one wouldn’t be broke if they eliminated frivolous expenses. Logic never plays much of a role in finances.
Updated June 18, 2014 and originally published February 7, 2011.