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Personal Finance World Weekly Reading From October 17, 2020

Weekly Reading · October 17, 2020

Reading Time: 2 mins

Weekly ReadingThe weekend is here!  The sun is shining and the fall leaves are in full effect (at least here on Ontario).  As I browse various financial websites and personal finance blogs throughout the week, I tend to share some of what I find interesting or enjoy, on Twitter via retweets.

Since tweets often get buried quickly within the news feed, I figured it would be a good idea to keep a weekly collection of articles along with a brief summary on the website.  So without further adieu, a few articles and content pieces I’ve found intriguing from the past week.

Have a quick read if you have some time this weekend.  Hopefully they’ll provide some value and inspiration.


4 Ways to Focus on the Journey While Designing Your Ideal Life | The Fioneers
Here is a wonderful article written by “The Fioneers” aimed at discovering ways to improve your life, right at this moment.  We can all probably imagine what our lives might look like in retirement, or at least identify some things we’d do if we had unlimited free time.  This piece helps you figure out ways to transition to your ideal life over time, by slowly incorporating these elements into your current life.  Also important, it focuses on ways to identify and eliminate activities that are draining your energy day-to-day.  Great suggestions all around.


Boot Camp to Budgets | Gnomadic Norbert | Explore FI Canada
One of my favourite personal finance podcasts for Canadian content, Explore FI Canada, dives into an interview to answer the question of how you can save and budget on an average income.  Gnomadic Norbert explores and discusses some alternative paths one might take to Financial Independence, that may not necessarily fit the mold and involve a post-secondary education.  Learn how the military or armed forces can get you on a path to early retirement. Also, stay tuned until the end to learn why he steals strangers’ garden gnomes – only to return them a year later, with an added surprise.


How to Save Money Fast: Money-Saving Tips You can Start Today | Jessica Moorehouse
Last but not least, Jessica Moorehouse reviews a topic on her blog and YouTube channel that I’ve found interesting to track personally, and agree with 100%.  Is it possible to save money during uncertain times such as these?  I would answer a resounding “YES” assuming you haven’t suffered a job loss or major drop in your income.  In fact, I’ve discovered a large portion of our household expenses have gone down during the pandemic or are almost non-existent.  Many of your daily expenses are within your control if you allow them to be.  The article also discusses how it’s helpful to avoid lifestyle creep, as keeping up, can keep you poor!  Check out her 6 Money Saving Tips.


Have a great weekend!

 

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