More and more personal finance blogs are popping up every day. Some discuss how they are going to make their first million dollars, others are about how to be frugal and save money, while others are more focused on paying down debt. It’s great to see such an interest in personal finance, and it’s fantastic to be able to be an observer and watch step-by-step how people take control of their financial situation.
One thing to conscious of as you read through personal finance blogs is that they are often not written by professionals in the field. In my opinion this has some strengths, as they are true accounts of strategies, products and systems that actually work for the author and it’s readers. But that also means it is even more important for you to do your due diligence before acting on any of the information given on these sites, as it should be regarded as opinion rather than professional advice.
That’s not to say there isn’t very valuable information that can be found within the pages of these personal finance blogs. Many have been listed in Money Magazine’s best personal finance websites, and listed in the New York Times and the like, so they do come with a level of credibility. Secondly, authors tend to do their very best at publishing accurate information in order to maintain their level of credibility and attract more readers.
The real gold, however, is often found deep in the comments section after each article found in the archives. Since most of these blogs allow anyone to leave a comment, it is not unusual to see people with competing views debate an issue, which is great for the readers. This is where you will often find certified professionals give their thoughts, argue points or include some additional background to help you make the most out of your financial situation. These comments allow you to see things from all angles so you can make the best decision based on the information at hand.
You probably don’t wan to let these personal finance blogs be a substitute for professional advice, but rather help guide you to a starting point and give you some general background information. Each person’s situation is slightly different, and what may work for one person may not work for everyone. However, the same fundamental concepts generally apply when working to pay down debt, manage money or accumulate wealth, so they are a great starting point.
Beyond that, you will often find honest personal finance software reviews, documents to help you stay organized, and general stories that will help you stay motivate and inspired to reach your goals.
With all of the personal finance bloggers out there, there is a wealth of information at your finger tips that can truly make you rich. Find the one’s you can relate to the most, and add them to your RSS feed. That way you can easily read through the new content on each site in one place, making it easy to read all of the fresh material.