Personal Finance Roundup: How Much Should I Save for Retirement?

Personal Finance Around the Blogosphere

There are a number of financial pitfalls you need to avoid that can derail your personal finances.  I like the advice here of spending less than you earn and also having a game plan to the pitfalls.  Besides accumulating credit card or car debts I think people get into a lot of trouble with pitfall number 5: Buying too much house. [Free Money Finance]

Summer is about here and the electric bills will be climbing up again.  Or, will they?  Try these solid 7 ways to save money on your electric bill. What are my favorites?  Draw the shades and program the thermostat!  [Moolanomy]

Many people are about to take vacations as summer approaches.  But, how do you take a vacation and avoid over spending?  Or worse, going into debt for a vacation.  Dave Ramsey’s Facebook followers provide some tips to avoid bringing your vacation home in the form of debt.  Do you plan to pay cash for your vacation this year?  [Dave Ramsey]

Save for RetirementDetermining how much you should save for retirement is always a challenging question to answer.  There are many factors involved that can leave people confused in the end.  Calculators and gurus aside, what if you used a set percentage to save as much as you can and tweak the percentage as you get closer to retirement? As an aside, this post really simplifies a difficult question. [Christian PF]

Speaking of Dave Ramsey, if you listen to him, you’ve definitely heard him talk about the debt snowball method for reducing debt.  While the debt snowball definitely has some critics, I think it’s the best way to build confidence and momentum in getting out of debt.  [Cash Money Life]

You’ve definitely heard me talk about budgeting if you’ve been following One Money Design.  I think a budget is the most important tool you can use to manage your finances.  It’s your plan to giving, saving, getting out of debt and investing for the future.  Could there be a better way to budget other than the typical approach of changing all your spending habits at one time?  Check out this method that helps you focus on focus areas to change.  [Out of Your Rut]

Did you ever get bad grades in school?  What did your mom and dad say?  Most parents don’t like to see bad grades and work with their child to take corrective action.  Well, what if you were getting an  F in personal finance?  How do you know?  Check out this list of reasons and determine how you’re doing.  Don’t forget to take corrective action!  [Len Penzo dot Com]

About Jason Price

Jason Price is a family man saved by grace, passionate about faithful financial stewardship (1 Cor 4:2 NIV), soccer and the Pacific sun.

  • Aury (Thunderdrake)

    I think having your own personal balance sheet and/or income statement serves as the ‘report card’ of financial grades. Rather than A’s to F’s, you got numbers, and what the numbers are trying to tell you. It’s a COMPLETELY different ball game.

    And that’s a report card to carry with one’s self for all time!

  • Ellis Gibson

    i am into Business and Financing. it is really very interesting how to make money both online and offline.*-”