Smart Money

The top sites for saving

PUBLISHED : Monday, 31 December, 2012, 12:00am
UPDATED : Monday, 31 December, 2012, 4:58am

This site emphasises creative ways to save money. Every section and blog talks about how to save money and keep on saving over the long term. The site offers schedules for saving for items such as a car. The site includes tips on strategy and a (seemingly obligatory) blog.

The site discusses way to cut debt so an individual can invest in real estate. To get to the goal of buying property, the site emphasises a lot of saving. It proposes you cut back on gifts, for example. It recognises the US housing market is weak and that property stocks are volatile stock markets. It recommends more income-focused funds, such as real estate investment trusts, which create returns from rents.

This combines frugality with an enthusiastic interest in equity investing. Educational articles on personal finance and investing readily transition from penny-pinching to portfolio management, and keep the discussion mercifully jargon-free. It tackles difficult scenarios such as how to build wealth straight from college, or how to rise up from a situation of serious debt. There is also a tutorial on teaching saving to children using the traditional piggy bank as a teaching aid.