Smart Money

PUBLISHED : Monday, 21 January, 2013, 12:00am
UPDATED : Monday, 21 January, 2013, 3:53am

Best personal finance blogs

This site draws about 500,000 unique visits a month. Bloggers discuss various ways to save, invest and live frugally. The editor admits he is not a financial planner, but focuses on two basic goals in building a solid net worth: make and save more.

Entertaining and irreverent, but always informative, you won't find the same old boring themes on this site. This highly rated blog from a Californian suburbanite shows you how to endure the daily grind of saving money. Penzo always has his eye on the big angle, posting blogs with provocative headings such as "Why big spenders are terrible in bed" or "How to cope when your spouse skips out with all the cash". Penzo keeps it real and dishes out street-level experience on how working class people can avoid penury.

With zero savings and large student debt it can be nearly impossible to save. This blog is devoted to showing young people exactly how to achieve financial independence with a focus on the early years, when saving and investing can have a real impact later in life (thanks to the magic of compounding). The blog is over five years old and is highly rated by personal finance sites. Each entry shows how to take a tough stand on spending - how to stage a cheap wedding, cut the cable bill and fight feelings of material deprivation.