Later this month, I will be traveling to southern California to visit my family. I usually travel to the west coast for vacation twice a year, once in the spring and once around Thanksgiving. During this time, I’ll still be working, but I often use this as an opportunity to feature a select number of guest writers. This year, I’m particularly in readers who have stories about their own financial experiences to share. If you have an idea that you believe would be a good fit for Consumerism Commentary, please contact me.
Here are a few articles I’ve enjoyed reading this weekend.
Why It’s Called “Personal” Finance. Amber and her fiance seem to be a good match when it comes to their finances; their interests complement each other. While Amber has a good attitude towards the wise use of money, she’s understandably not a fan of budgeting. To fill this need, her fiance, who has a similar approach to financial goals, enjoys budgeting and making investment decisions. This seems like a good combination. When it comes to finances, a couple is like a team. They’re working on the same goals, but each has different skills to bring to the table. This doesn’t guarantee success, but working together will have a positive effect.
The Lottery: An “Investment” for Fools. Playing the lottery is a losing proposition, despite the media hype surrounding winners, all who seem to have stories of leaving their day jobs for wealth and fortune. Many lottery winners declare bankruptcy because they are unprepared to handle financial windfalls, but fr the vast, vast majority of players, playing the lottery is a waste of money. On Get Rich Slowly, J.D. has a neat interactive graphic that will visualize playing the lottery every week for ten years. In my simulation, I won $90 over ten years, for a loss of 91% of my money.
Consumerism Commentary participated in a few Carnivals this week, including the Carnival of Personal Finance and the Carnival of Wealth. Revanche and I have announced the hosting schedule of the Carnival of Personal Finance through the end of September 2011. Participating in and hosting the Carnival of Personal Finance is a great way for personal finance bloggers to support the community, and for readers, the Carnival is an excellent way to access the highlights of the past week.