Let’s face it, the year 2020 was tough in terms of finances. The economic recession has left many of us out of pocket. Germany’s economy, for instance, shrank by five percent in 2020, largely as a result of the COVID-19 pandemic. The news is not all bad, however. And a little foresight about investment, credit cards, budgeting and retirement plans can definitely come in handy when it comes to reaching your financial goals. We have spoken to the owner of the finance website FITformoney.de about some of the best personal finance blogs out there to help you along the way.
Wallet Hacks promises to help you “save more, earn more, and invest better today.” The blog delves into areas including loans, health insurance, credit cards, banking and investing. Rather than pushing products and services, Wallet Hacks delivers information to help you manage your money.
Get Rich Slowly
Started in 2009, Get Rich Slowly shares its founder’s experience of what he learnt while getting out of debt and reaching early retirement. “I’m here to show you how to master your money — and your life,” he proclaims. The blog features thousands of articles about gaining financial freedom. Some of the topics covered include earning money, spending wisely, saving and investing, money tools and money mindset.
Mr. Money Mustache
Masterminded by a “thirtysomething retiree,” Mr. Money Mustache is all about showing us how we can live a comfortable life without breaking the bank. “This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of our peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two.” The articles on the blog focus on how we too can all lead more frugal lifestyles without giving up our basic comforts.
Good Financial Cents
Good Financial Cents has been set up by a certified financial planner with the aim of helping you reach financial freedom. Some of the areas addressed by the blog’s articles include paying off debts, wise investments, building wealth, taxes, planning for the future, buying a home and protecting your assets.
Monevate yourself with Monevator, a finance blog for “armchair investors.” The articles on Monevate include essential reading, such as “Investing for Beginners: Why do We Invest?” to articles about better investing, such as “The Seven Habits of Highly Successful Private Investors.” There are also property posts of the likes of “Why I am Not Scared of my Interest-Only Mortgage.” Finally, the section on getting financially motivated addresses topics such as borrowing money and getting out of debt.
Of Dollars and Data
Of Dollars and Data was started by a former litigation consultant who has been featured in publications such as The Wall Street Journal, Money and The L.A. Times. Unlike many other personal finance blogs, Of Dollars and Data focuses on using data analysis to help you reach your financial goals. Some of the areas covered by its articles include financial markets, risk, time investments and long-term wealth.