Category: personal finance

A new financial  blog I stumbled into today .. No BS Finance. Nice name too. Follow the 10 steps to planning for retirement series. Very nice and practical.

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Dear Readers:Planning to add some personal finance articles as well in this blog. The ones that I post would not really be geared to a specific country (US or India). The posts would be more of a generic nature – like saving, budgeting, etc.

GCM

As a followup to a post on Dec 4 about spilling the money guts, I read today in pfadvise which said it all. The author was wanting to write an article on why we should teach our kids about finances – and since he did not have kids, he goes to a friends place who has a teen, who was an expert in finances at home.

Read the full article to see how the author was pleasantly surprised.

As I was thanking my friend for his help and about to leave, we heard a voice from the other room. “Don’t forget to turn off the lights when you’re done in there,” his son reminded. My friend rolled his eyes and I laughed. It was the only time I’ve ever heard a kid reminding their parents to turn off the lights and I guess that in itself says it all.

Motley Fool, at biz.yahoo.com, writes an excellent piece titled ‘Spill your Money Guts’. He talks about how we should talk about our financial matters more openly. The one really cool thing that struck me in the article was, to start talking about the financial guts of the family to kids, when they reach a certain age. I totally agree. Talk about saving, talk about budgeting, talk about ‘what it takes for papa to provide food and shelter for the family’. I think it is very important for junior to know all these at a young age.

Read the full article here.