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So, I thought I would set down some thoughts since my last post.
One thing is for sure, there is a lot of information available to people who are really interested in personal finance. I just wish they would go take a look. It still amazes me how stand offish people can be when it comes to good personal finance. As discussion with work colleague have shown me, many just think debt, being ‘skint’ and living from pay check to pay check with fingers crossed each month is normal! I’m so glad I’ve had my epiphany!
I’ve been keeping up with a number of personal finance site. My favorite still has to be Get Rich Slowly. Its written for an American audience but it’s probably one the blogs that has changed my life when it comes to my own finance. I find I can usually take the principals J.D blogs about and turn them into similar actions here in the UK.
I’m going to start listing the blogs I read. I haven’t quite grasped using the blog roll on here yet . I will start posting about interesting articles more often.
What I’ve found is that there is a common theme as to what is good personal finance. It doesn’t really deviate from the steps I’ve already outlined as forming my own journey this year. The personal blogs really help put these practices in context though. My personal debt is a drop in the ocean compare to some I’ve read and its been inspiring seeing how even those swamped with what I would regard a fortune of a debt mountain have changed it around.
Source: Snail Paced Wealth
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British supermarket to create new bank2009-08-21 06:59:40 by Candidus
For those not familiar with Tesco, it's a large UK hypermarket that carries a lot of influence. They previously entered the banking market with (now tainted) Royal Bank of Scotland though they now have plans to create a completely new bank that is not part of the ever-present bonus culture. It's only a matter of time before others do the same elsewhere though as long as the banks continue to rec...dence in Scotland's financial services industry". The banking crisis has resulted in a wave of consolidation and Darling welcomed a new, potentially strong player: "We need more competition and that's something that we intend to encourage. The last couple of years has seen a significant reduction in the number of people, both from abroad and British-based banks, who are lending into the market."
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