Money may not bring you happiness, but money can make your life easier to live. If you’re like most people, you know how to work for money, but you don’t know how to make money work for you. Our education system provides very little personal financial wisdom to our children. By the time they graduate high school, they may know nothing about managing a checking account, financing a home or car, how interest rates work or making investment decisions.
Fortunately, there is plenty of information online where you can find personal finance resources that can help you get control of your money. These resources empower individuals with the knowledge they need when finding a personal loan online, making a major investment, or taking other large financial steps. Here are a few of those resources.
1. Investopedia – This site is known for being the largest provider of financial information and education for investors on the internet. It also provides a wealth of information and educational resources regarding personal finances, retirement, managing wealth, entrepreneurship, the economy, and more. Investopedia has articles, video tutorials, simulators, and calculators to help increase your knowledge about financial matters.
2. Yahoo Finance – This is another comprehensive financial site that offers information on investments, the economy, and personal finance. The personal finance section has information on student loans, insurance products, retirement planning, home mortgages, and health insurance. Yahoo Finance has a “Fix My Finances” section that deals with impulsive shopping, paying off credit cards, and tracking expenses.
3. Moolanomy – The focus of this blog is to help you find ways to save more money and to build your income. Some of the subject matter this site provides include tracking and improving your credit, making money through passive income, creating a budget, and getting out of debt.
There is also a section where you can calculate how much of a mortgage you can afford and what your mortgage payments will be, how much money you need for retirement, and the amount of life insurance you need.
4. Nerdwallet – This site provides advice and recommendations on a variety of personal finance topics. Subjects include credit cards, investments, mortgages, banking, loans, and insurance. There are plenty of articles that review financial service providers like banks, investment brokers, and insurance companies. They also feature articles that present and rank the best financial service providers in every financial category.
5. The Simple Dollar – This blog features articles that help to explain personal financial topics in a simple-to-understand format. If you are struggling with too much debt, this blog has a section on strategies you can use to get out of debt faster and become debt-free. The Simple Dollar has plenty of information on managing credit card debt and on how to maximize credit card reward points to save money on air travel, hotel stays, and car rentals.
6. Zen Habits – This is another blog that features articles on debt reduction, frugality, budgeting, and other personal financial issues. Article topics include saving money when grocery shopping, living without credit cards, simplifying your budget, and how to stop living paycheck to paycheck.
These sites can provide simple and reasonable advice on how to improve your personal finances. If you need more discipline and guidance, you can always seek the advice of a financial planner who can act as your personal financial coach. Always keep in mind that it is never too late to fix your finances.