Life Insurance
Insurance 101
Live Chat
Sign In
Apply Now
Modern Family Finances

7 of the Best Personal Finance Blogs Share Their Top Money Tips

By Allison Kade Dec 17, 2018

There’s a lot of wisdom on the internet. At least, if you know where to look.

For savings advice and inspiration on ways we can innovate and improve our finances, we turned to some of the best personal finance and savings advice blogs and asked those been-there-done-that personal finance bloggers for their top tips.

Here’s what they told us.

1. Start a ‘Time Journal’

If you want to save some money, audit all of your recurring expenses. These are your monthly bills like Netflix, cable TV, internet, gym membership, etc. Keep track of how often you use them in a journal. You might pay for Netflix each month but not use it at all, or only a couple times a month.

Armed with that data, it's easier to cancel something when you realize how little you use it. Sometimes we hold onto things with the hope we will use it, or because we think we use it more often than we really do. A time journal will show you exactly what you use, how often and how much you're paying for it.

-Jim Wang of personal finance blog WalletHacks

2. Get Text Alerts

One of the best tips I've implemented this year is to receive text alerts for my credit cards and bank accounts, as I've had multiple instances when I had fraudulent purchases on my credit cards. I'm thankful I caught those so I could get them fixed ASAP!

Something else I've done is to look at preschool programs at churches in my area so I could save on childcare. Many have before- and after-care services, meaning you could put your child in for the whole day. I've saved hundreds of dollars this way, as childcare only costs me around $400. The bonus is that you get to know your local community better, and I've been able to find friends for my son, plus swap babysitting duties, which helps me save money on babysitters.

-Sarah Li-Cain of personal finance podcast Beyond The Dollar

3. Don’t Be Shy About the ‘Big Stuff’

When I first started reading and writing about money, I was obsessed with small changes. I grew a garden to save money on vegetables. I clipped coupons. These things helped—no question!—but progress was slow. Over the past decade, I've learned that if you want to make real progress with your money, you're better off working on the Big Stuff.

For most families in the U.S., housing is the biggest expense. If you can reduce that to, say, 20 or 25 percent of your budget, you could free up hundreds of dollars per month. Transportation is the second-largest expense in the U.S. This is another huge opportunity to save, if you're willing to drive less, bike to work or take public transportation. When you buy a car, buy used.

Finally, manage your career as if you were managing a business. You are the boss of you. Learn how to negotiate your salary. Seek additional education. If you have a hobby, find a way to make money from it. There's only so low you can go with your spending, but your income is theoretically unlimited.

-J.D. Roth of personal finance blog Get Rich Slowly

4. Never Forget Your Goals

My #1 tip is to have a purpose for your money. Saving money just for the sake of saving money is ripe for abuse. We steal from it. We "borrow." When we have a purpose, however, we understand why we're saving money. When we have a goal in mind, we are much more likely to hold true to our saving regimen. Establish goals and save for a purpose!

-Steve Adcock of personal finance blog ThinkSaveRetire

5. Pay Yourself First . . . and Second

Too many people try to save what is left over at the end of the month, and most times this amount is zero. You are never going to get ahead by saving nothing! Instead, make sure you pay yourself first. Then also pay yourself second.

First, contribute to your 401(k) plan at work. Then, when your paycheck hits your checking account, transfer a set amount over to a savings account. Even if you are only saving $10 or $20 at a time, this money will eventually grow into larger sums of money. Just keep doing it month after month, and you will see a big change in your finances.

-Jon Dulin of personal finance blog Compounding Pennies

6. Keep It Simple

Earn as much as you can, live below your means and invest as much as possible. That's it. Personal finance really isn't that complicated. Just find a way to make a living, avoid debt like the plague, and invest in simple stuff like real estate and the S&P 500. Follow those simple steps and you won't have to read another money quote for the rest of your life.

-Derek Sall of personal finance blog Life and My Finances

7. Use Money as a Bridge to Become Who You Want

Choose a vision of a life that you’ve always dreamed of living. Every decision you make should help you get closer to living that life; start seeing your finances as the bridge that can help you leave who you used to be, and become who you want to be.

The easiest way to reach your dream life is to always keep your savings rate ahead of your spending rate. If you don’t know what your monthly savings and spending habits are, track them to learn more about yourself and your money. The purpose of increasing your savings is so that you can feel fearless and empowered to take more risks, and to live the life your soul dreams of living.

-Billy B. of personal finance blog Wealth Well Done

We love reading our favorite personal finance blogs, but action is important, too. So, think about which of these tips you can genuinely incorporate in your own life. And whatever path you take, we hope you can turn money into a source of empowerment and joy, rather than stress.

Fabric exists to help young families master their money. Our articles abide by strict editorial standards.

This material is designed to provide general information on the subjects covered. It is not, however, intended to provide specific financial advice or to serve as the basis for any decisions. Fabric Insurance Agency, LLC offers a mobile experience for people on-the-go who want an easy and fast way to purchase life insurance.

Subscribe to our newsletter

Written by

Allison Kade

Related Posts

Modern Family Finances

What You Should Know About Your Emergency Fund During COVID

The pandemic and economic challenges mean some families have exhausted their emergency cash. Here’s how to prepare for (and deal with) the worst.

By Jessica Sillers
Modern Family Finances

Your Winter Checklist: How to Prep Your Finances for the New Year

No time + needing to look after the ones you love = a quarterly checklist to help keep you on track, so you can get back to wiping boogers and giving snuggles.

By Allison Kade
Modern Family Finances

Your Fall Money Checklist: 5 To-Dos

As you get back in the swing of the daily grind, we’ve got some money to-dos to keep your financial life chugging along smoothly.

By Allison Kade

Fabric Picks

Life Insurance

Life Insurance for Millennials

Blame participation trophies or the fact that many millennials entered the job market around the time the Great Recession hit, but millennials sometimes have a hard time shaking a reputation for being stuck in extended adolescence. The truth is, the generation that coined “adulting” as a verb has been grown up for a while now. Most millennials have already seen our 10-year college reunion come and go, or we may face the shock of hearing we’re experiencing a “geriatric” pregnancy (at 35, really?). As your life grows to include more responsibilities and loved ones who depend on you, it’s time to consider whether life insurance might be the right next step.

By Jessica Sillers
Modern Family Finances

When Do We Feel Like an Adult? New Survey Shares ‘Signs’ of Adulting

Top signs of “adulting” include saving money, doing taxes, and signing up for life insurance, according to Fabric’s new research. Read on for more surprising insights.

By Allison Kade
Life Insurance

How to Get Life Insurance

Have you ever envisioned leaving money to your family when you’re gone? Here’s exactly how to go about getting life insurance.

By Melissa Brock

About Fabric




Download Fabric’s iOS mobile app through the Apple App Store
Download Fabric’s android mobile app through the Google Play app store
Subscribe to our newsletter

© 2021 Fabric Insurance Agency, LLC

Accidental Death Insurance policies (Form VL-ADH1 with state variations where applicable) and Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by The Penn Insurance and Annuity Company of New York (NY only). Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

All sample pricing is based on a 25-year old F in Excellent health for the coverage amount shown. All samples are for a 10-year term policy, unless otherwise stated. Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT. Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.

Fabric Insurance Agency, LLC (FIA) is an insurance agency licensed to sell life and accident insurance products. FIA will receive compensation from Vantis Life for such sales. The NAIC Company Code for Vantis Life is 68632. See the Terms of Use for additional information regarding FIA.

A.M. Best uses letter grades ranging from A++, the highest, to F, companies in liquidation. Vantis Life’s A+ (Superior) rating, which was reaffirmed in April 2020, ranks the second highest out of 16 rankings. An insurer’s financial strength rating represents an opinion by the issuing agency regarding the ability of an insurance company to meet its financial obligations to its policyholders and contract holders and not a statement of fact or recommendation to purchase, sell or hold any security, policy or contract. These ratings do not imply approval of our products and do not reflect any indication of their performance. For more information about a particular rating or rating agency, please visit the website of the relevant agency.

Plan like a parent. is a trademark of Fabric Technologies, Inc.