With the summer in full swing, I read Frugal Dad’s How to Host a Cheap Backyard Party this Summer very carefully. A lot of great ideas here, and don’t confuse cheap with cheap. There are ways of having a great get together and not blowing your budget for the month. Check out Frugal Dad’s idea of a good time.
At The Simple Dollar, Trent wrote about Microrewarding Yourself. It’s a great way to motivate your family or yourself to reach small goals. Trent is one of those bloggers who consistently comes up with really original ideas you can use quickly.
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My Money Blog offered a discussion of a recent Times article Comfortable Retirement = Saving 11 Times Working Income? I think the Times number far too low, if Social Security counts for nearly 5X, I think there’s still nearly 20X to go, nearly twice the Times’ recommendation.
At Money Infant, I learned that the cost of raising a child to the age of 18 is nearly a quarter million dollars. The numbers depend on many factors, I’m sure. I’m expecting college alone to cost nearly this much for four years once my daughter gets there. No one said kids are cheap, but I wouldn’t trade being a dad for ten times the cost.
“Thank You To People With Credit Card Debt” Young and Thrifty offers his appreciation to those who are paying interest, as they are helping to support the rewards that we pay-in-fullers are collecting each month.
Let’s wrap up this week with Rob Bennett’s The Year in Which You Are Born Determines Whether You Will Be Able to Retire Or Not. I’ve suspected this was the case, observing how the last few years of recent grads have had such a tough time finding jobs out of school and the impact of this will affect their lifetime incomes. Rob discusses how the stock market cycle also impacts one’s financial success. An article worth reading.