PF bloggers' March Madness is no slam dunk
Posted
Mar 12 2008, 08:54 PM
by
Karen Datko
March Madness is upon us (thank goodness, because we need something to do after football season ends), and it's really heating up. We're talking about the annual contest in the personal-finance blogosphere.
Every March, Free Money Finance hosts head-to-head battles between posts submitted by PF bloggers. In this March Madness, readers determine the winners with their votes. (For an explanation of the competition, click here.)
You'll find some gems among these posts. The second round includes one by "Penny Nickel" of Money and Values about a credit card sleeve you can print out -- or make yourself -- listing questions you should ask yourself before you use the card. Penny calls it "a wallet-sized reminder of your priorities."
The "wallet buddy" you can print out comes from New American Dream, and lists questions like: "Is this something I need?" "Do I already own something that could serve the same purpose?" and "Was it made with fair labor practices?" Or, Penny says, you can make your own with questions in tune with your personal spending qoals, like "Can I pay this off at the end of the month?"
Other posts in Round Two include "Lessons learned from diet books: How to think like a rich person" by "Madame X" at My Open Wallet, and our partner blogger Jim's "Go open a Roth IRA right now" at Blueprint for Financial Prosperity.
Also in Round Two is Gen X Finance's "Use the Rule of 72 to understand compound interest." Do you know the Rule of 72? Divide 72 by the interest earned by your investment account to see how long it will take for your money to double. (For links to other articles in the contest, click here.)
