Top 8 Personal Finance Blogs to Take Care of Your Money in 2024

Updated by March 18,2024

Money is one of the essential things you need to survive, but managing it can be a daunting task. From planning your budget to saving money for investments, there's a lot you need to focus on.

Fortunately, you can find helpful finance blogs online that highlight potential ways to manage your money effectively. In this write-up, we've come up with the top 7 personal finance blogs to take care of your money that will cover all essential aspects of financial planning.

Reading these blogs will give you all the required tips and advice to get a better hold of your finances, so read on!

Why Personal Finance Is Important

Personal finance can have multiple definitions, but it is how you manage your money throughout your lifetime. Whether it's about a family or an individual, personal finance holds vital importance, and the reasons below explain why.

1. Fulfilling Monetary Needs

First, we must consider our finances from a broader perspective, as it is not just about earning and spending. Financial issues can take a toll on your mental health, so we must think beyond making money. With an effective plan that states our income and expenditure, we can focus on saving, investing, and thinking about our future needs.

2. For a Better Standard of Living

With well-sorted personal finances, you can attain a better living standard. As you'll be focused on saving money and making wise investments side by side, you'll have enough money when you need it, and there's no limit to growing your wealth.

In addition, you'll be readily aware of what you can buy with your money and whether you are within the budget. It will indeed improve the quality of life you live and make you prepared for the future as well.

3. To be Financially Secure

Financial security is something that most people plan and long for. Every person wants to be well-prepared for emergencies and any kind of family's monetary needs.

If a person is not financially secure, they may face dire consequences due to lack of funds or want their family to suffer when they're not around. Hence, you must ensure that you earn enough funds for a sense of security for yourself and your family and manage them well for future use.

4. For a Better Understanding of Your Money

Personal finance can also help you understand your money management skills. This understanding is essential to draft future plans and ensure you make the right money-related decisions. The more you know your money, the better approach you take to take control of your finances.

7 Best Personal Finance Blogs to Follow

As you're aware of the importance of personal finances, you must read some useful blogs to give you all tips and advice on the same. With that being said, let's take a look at the 8 best personal finance blogs to follow:

1. Frugalwoods

Frugalwoods was started in 2014 by a couple named Elizabeth and Nate Thames. The blog began as a way for the couple to chronicle their journey toward achieving financial independence by living a frugal and minimalist lifestyle. Frugalwoods can be the best source of information for you if you need effective tips for financial management, as it covers various topics related to budgeting, saving, investing, and debt management. The blog focuses more on frugal living, minimalism, and ways to reduce expenses.

Pros of reading its blogs:

• You'll find a plethora of information and resources in the blog section of Frugalwoods.
• The blog offers practical advice on managing finances and living frugally.
• It offers a supportive community of like-minded individuals, making it a great place to connect with others and share ideas.

Cons of reading its blogs:

• Most content overlaps with other blog pages, so you can find similar content on other blog pages.
• Most blogs are on extreme frugality, so every person does not favor them.

Coming to its update frequency, Frugalwoods typically posts new content several times a week.

2. Mr. Money Mustache

Mr. Money Mustache was launched in 2011 by Pete Adeney, who himself is full of exciting stories and financial advice. Pete and his wife worked as software engineers and decided to retire at 30. Six years later, he launched Mr. Money Mustache, and since then, the blog has had a long list of loyal followers. The blog mainly covers his story and topics related to financial independence with early retirement tips.

Pros of reading its blogs:

• The blogs highly emphasize living below your means and motivate people to spend less and invest well.
• Mr. Money Mustache is full of practical advice people need to save money.
• It encourages people to rethink their relationship with money and take control of their finances.

Cons of reading its blogs:

• Some people may find Mr. Money Mustache's tips too hard to follow.
• A few blogs can be pretty judgemental as less respect is given to people who don't save their money.
• It focuses too much on frugality and early retirement, somehow ignoring the other aspects of life.

Coming to its update frequency, you will find one or two new blogs every month. However, recently the blog is not that active as the couple has gone through a divorce, and Pete has shifted his focus to other projects.

3. NerdWallet

NerdWallet is a renowned finance blog website with over 30 million monthly readers and was founded in 2009 by Tim Chen and Jacob Gibson. Initially, it used to give information about credit cards and then showed growth until 2014. NerdWallet covers valuable topics, including credit cards, mortgages, insurance services, and personal loans, and allows you to compare the same.

Pros of reading its blogs:

• NerdWallet is the best when it comes to improving your financial literacy.
• It provides readers with objective and evidence-based insights to help them make better decisions.
• NerdWallet covers complex topics related to credit scores and financial issues, which makes it better than other options.

Cons of reading its blogs:

• The information is valuable but not related to individual circumstances or financial goals
• The complex topics covered can be too overwhelming for newbies.
• Most content is sponsored, and the site is full of advertisements.

NerdWallet shows excellence in its blog update frequency, as you can find new articles and guides published several times a week.

4. MintLife

MintLife (also known as Intuit Mint) is a personal finance software company that offers several personal finance blogs. It was founded in 2006 by Aaron Patzer and was later acquired by Intuit, which changed the whole perspective of this website. When it comes to the topics covered, you'll find a long list that includes money management, financial planning, credit cards, taxes, retirement plans, relationships, and many more.

Pros of reading its blogs:

• MintLife covers a wide range of financial topics. Hence we can say it's a one-stop-shop for most readers.
• It provided effective financial tips concerning COVID-19, which is a good thing.
• The website is known for its user-friendly interface as it is easy to navigate and comes with a clean and modern design that makes it easy for readers to find the information they're looking for.

Cons of reading its blogs:

• Due to the variety of topics covered, readers may find it hard to look for specific content for their purpose.
• Some people believe that the website provides biased information as most recommendations favor their products.

MintLife gets frequent updates, as you can find several new articles and resources added in a week or so. However, the frequency of updates can vary, and there may be periods of time when new content is less frequent.

5. Wise Bread

Wise Bread is a community of bloggers that was founded in 2006. These bloggers share their expertise to help the readers manage their lifestyles on a small budget. It covers various topics, and you can easily find relevant information related to making money and managing taxes. In addition, Wise Bread can be a useful source of information for those looking forward to gaining financial independence and who want effective tips for living more frugally.

Pros of reading its blogs:

• The articles on the website are pretty engaging and often humorous. So, the readers can even enjoy the complex topics as well.
• Wise Bread posts community-oriented content and encourages readers to share their experiences and tips.
• You'll find a plethora of free resources on the website, like e-books, calculators, courses, and more.

Cons of reading its blogs:

• Wise Bread mainly covers topics related to personal finance, so it is not relevant to readers looking for more specialized financial advice.
• It primarily publishes sponsored content or affiliate links, so many people may find it biased.

Coming to the update frequency of Wise Bread, you'll find new articles added several times a week. Hence, this blog is perfect for those looking for regular fresh content.

6. My Money Blog

My Money Blog was founded by Jonathan Ping in 2004 and currently holds over 13,000 subscribers worldwide. The website contains personal finance and investing articles, so readers can get every kind of financial advice possible. Moreover, you'll find topics related to investments, retirement planning, and money-making.

Pros of reading its blogs:

• My Money Blog shows an in-depth analysis of various personal finance topics. So, readers can find the easiest and the most complex topics here.
• As the owner/author shares his own experience, you can hardly find anything biased on this website.
• My Money Blog covers current events and trends in the financial industry, ensuring that readers stay up-to-date on the latest news and developments.

Cons of reading its blogs:

• My Money Blog mostly uses technical language, so many new readers can find it hard to understand.
• There's no limit for topics related to personal finance and investing, but there's little to no information on something else related to financial management.

My Money Blog updates the content less frequently than other personal finance blogs. Getting new content may take a month as the author focuses on quality rather than quantity.

7. The Penny Hoarder

The Penny Hoarder was founded in 2010 by Kyle Taylor, offering excellent financial advice to its readers. The website has earned a reputation as one of the best finance blogs out there and covers a wide range of financial topics. You'll find topics related to earning, saving, investing, budgeting, and debt management here. In addition, you'll also get to read interesting articles on lifestyle and career topics.

Pros of reading its blogs:

• With a wide range of topics covered, readers find no issue in finding the best advice related to personal finance.
• The articles you'll find on The Penny Hoarder are highly engaging and come with personal anecdotes.
• The website focuses on community-oriented content, so users can share their experiences through comments and forums.

Cons of reading its blogs:

• Some articles may lack depth or accuracy, which might leave the reader confused and switch to some other website.
• Like many other personal finance blogs, the content on The Penny Hoarder is also sponsored, so many readers may find it biased.

Coming to the update frequency of The Penny Hoarder, you'll find fresh content almost every day, making it one of the most consistent and updated sites out there.

Conclusion

In conclusion, managing your personal finances is a significant aspect of your life that you cannot ignore. However, the list of personal finance blogs mentioned above can enlighten you about budgeting, saving, investing, early retirement, debt management, and more. With the help of these blogs and the advice they'll offer, you can stay on top of your financial game, improve your standard of living, and secure your financial future.