Top 10 Personal Finance Articles of the Month — September 2018
As usual, this month’s list includes a couple Dyer News Top 10 mainstays as well as a few first-timers. Without further ado, below is my list of the top 10 personal finance articles published in September of 2018, along with their title, author, and the site they originally appeared on.
Work and Life Changes
Already Contributing to Your 401(k) – Here’s How to Optimize It — Vishal Jain, Kiplinger
A classic benefit that many employers offer is the ability to contribute to a 401(k) for your retirement savings. Even better, many companies will also offer some form of employer matching funds and profit sharing that can also help you save toward your retirement. However not all 401(k) plans are created equal and, as Vishal notes, there are some additional steps employees can take to get the most out of their 401(k) savings.
4 Practical Tips to Start an Emergency Fund and Save More Money — Jamie Griffin, Mr. Jamie Griffin
Preparing for retirement is one thing but it’s also important to secure your finances for the nearer future as well. This is where emergency funds can be a real lifesaver (as you’ll see below). Of course building such a fund isn’t always so easy, which is why Jamie offers some tips that can help you reach your emergency savings goals.
Laid Off from Work? 7 Financial Steps to Take Immediately — Amy, Practical Cash
One of the most-cited reasons for having an emergency fund on hand is to protect your finances in the event that you lose your job. At the same time, it’d be foolish to keep your finances as is and simply spend from your emergency fund until you’ve obtained a new position. On that note, Amy looks at seven things you should do after being laid off that will not only help you while you’re in-between jobs but could also help set you up for more financial flexibility in the future.
How to Financially Prepare for an Extended Work Leave — Alicia Adamczyk, TwoCents
Just as being laid off can deal a devastating blow to your finances so can being forced to take a long-term leave of absence from your job. In fact disabilities and other issues can often be worse than being laid off because you’re not just losing your position, you’re losing your ability to work at all — something that few emergency funds would be able to cover in full. That’s why Alicia looks at some ways individuals, couples, and families can prepare for such unfortunate events.
Side Hustles and Blogging
How to Pick the Perfect Side Hustle — Jim Wang, Wallet Hacks
There’s little doubt that you’ve heard it said that everyone should have a side hustle. Beyond the extra cash that can come from such gigs and ventures, side hustles can also help you diversify your income and even give you a creative outlet with which to explore your passions. Then again not every side hustle may be worth the time you’ll need to invest in getting things rolling and keep it going. With that in mind, Jim shares what makes for a great side hustle and how to choose one that’s right for you.
5 Most Profitable Side Gigs — Allan Liwanag, The Practical Saver
Prior to choosing a side hustle, you might not even realize what type of money various verticals offer or how much you can expect to make from certain gigs. While actual earnings will certainly vary from person to person, it’s still interesting to see what the averages are among some popular options. That’s why Allan has crunched some of the numbers to determine what the most profitable and popular side hustles are.
How to Create Multiple Streams of Income With a Blog — Chonce Maddox, Frugal Rules
For some, the term “blogging” is akin to keeping an online diary that’s more for expression that profit. However, in many cases, you may actually be able to monetize your site. Furthermore, as Chonce shares, there are several different ways you can make money with your blog and diversify your income in the process.
Personal Finance Tips
Debt Snowball Vs Debt Avalanche: Is One Right For You?— Debt & Cupcakes
You’ve likely heard of the debt paydown strategy known as the snowball method but have you heard of the debt avalanche? With both of these plans boasting their own pros and cons, which one is actually better? Debt & Cupcakes offers a closer look at both the debt snowball and debt avalanche to help you determine which is best for eliminating your debt.
Automation Is Your Net Worth’s Best Friend — Damn Millennial
These days, many of the small tasks we used to have to perform ourselves are now done automatically. Sure some might say these conveniences have made us lazy but there are some huge benefits that come with the advent of automation — including when it comes to your money. As Damn Millennial notes, automation can be a huge boon for your finances, your net worth, and much more.
How A Minimalist Lifestyle Can Bring You Happiness — Michelle Schroeder-Gardner, Making Sense of Cents
What does it mean to be a minimalist? More importantly, how can adopting the philosophy impact both your finances and your happiness for the better? In her piece, Michelle shares why she’s embraced the minimalist lifestyle and some of the benefits she’s reaped as a result.
Thanks for checking out my top 10 personal finance articles published last month and congratulations to all of the bloggers who made the list. To find more of these great articles on a daily basis, be sure to follow me on Twitter @jondyer9 and of course visit DyerNews.com.