As more of a site announcement, the One-Year Tightrope will be getting another new series on personal finance.
The articles will focus more on credit building and budgeting, because I know very little about debt (I have never fallen into the trap). As such, look forward to something about personal finance on Thursdays. I will continue to post other things, and the series will not necessarily be every Thursday, nor only on Thursdays.
Have a Merry Christmas and I look forward to returning with an article on Sunday. Happy holidays!
3 Comments
It’s hard to imagine someone living in America who is of age yet has never fallen into debt. That’s almost like saying you’ve never went to McDonalds.
However, in that respect you should be glad to be un-American.
Thanks for your comment. I actually do live in America – New Mexico, to be exact.
I have fallen into debt before, putting groceries on a credit card when I was about to starve. It only took me three months to pay it off completely (being unemployed at the time, nonetheless).
I simply have never fallen into the trap of “free money” or taking out loans (which is what a credit card is) for things I know I cannot afford. I understand a lot of people make this mistake, but I have not, so I do not think I am qualified to talk about it. That’s all I meant.
Unfortunately we are not really taught important stuff like proper budgeting and the perils of being on the wrong side of compound interest (as in debt) while at school.
A great (and timeless) little book that I have read time and time again is ‘The Richest Man in Babylon’by George S.Glason – I believe if IT was taught in schools, the simple ideas and financial principles would revolutionize most people’s lives.
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