Welcome Penny Pinchers!
For whatever reason, it’s frowned upon to talk about money in most circles.
When you were younger, your mom, at one point or another, probably told you not to ask your friends how much money their parents had. As you grew older, you probably learned to not ask your friends how much money they made, how much they were saving, and how much debt they were in. And in doing so, you probably learned to guard your own financial status like it was some kind of state secret.
Here’s the problem with that: A lot of people out there have very serious money problems, and we need to talk about them to figure them out.
This whole thing that talking about money is somehow bad hasn’t been a good thing for most people. In the U.S., federal student loan debt is hovering at nearly $1.4 trillion. The average American has a credit card balance of $6,375. And, just 39% of people say they have enough savings to cover a $1,000 emergency.
Scary, scary, stuff.
To the person struggling to pay off their student loans, or with mounting credit card debt, we want to be the place you can go to talk about it, and to learn what to do next. And, for the person whose personal balance sheet is rock solid, we want to be a source of great investment ideas, and even better deals, so it can stay that way.
We hope you stick around! We are just getting started when it comes to helping our fellow Penny Pinchers pad their wallets.
Leah Bourne, Managing Editor
P.S.! Email me anytime with suggestions, comments, or just to brag about how good your stock portfolio is doing.