In the Plutus Awards Showcase, the Plutus Awards team and Apex Money highlight the best financial articles, podcast episodes, and videos from around the web each Friday. To submit an items you’ve written, created, or discovered, submit a request for consideration.
Happy Holiday Plutus Family! We have a lot in store for the new year and besides our website and the Plutus Community, our Facebook group, is an amazing place for personal finance content creators! Not only is it where you can find our current events, it’s also great for networking, content sharing, job leads, grant-related news and more!
Here’s what we wanted to share with you this week
Why You Don’t Want to Go Back in Time and Do It Over Again. [The Wealthy Accountant] – “If you had it all to do again the chances are you would make the same choices. Everything that made you (before the event you wish to change) would be the same. Faced with the same facts and stimulus you are probably going to walk the same steps or nearly so.” (Submitted by Tarsha.)
How Do You Know If You’re Frugal or Just Ridiculous? [The Frugal Girl] — “I think the line between frugal and cheap often comes down to a selfishness issue. When your money-saving efforts affect just you, and they don’t cause harm to anyone else, that’s frugal. When your money-saving efforts hurt or deprive someone else, that’s when you’ve crossed the line into cheap.” (Submitted by J. Money.)
How to Freeze Your Family’s Credit. [Beating Broke] — “About 15 years ago, I discovered someone had opened an account in my name and charged $1000. Luckily, I caught the fraud early, and the business where the theft occurred gave me my money back. However, that experience spooked me, so I froze my and my husband’s credit within days. At the time, parents could not freeze minor children’s credit, but that has since changed. Just recently, I started the process of freezing my younger children’s credit. If you’d like to do the same, here’s how to freeze your family’s credit.” (Submitted by Tarsha.)
What happens when you get what you want? [The White Coat Investor] — “The Grand Narrative of Success provides structure, meaning, and identity to our lives, and it is scary to leave that. At cocktail parties, we ask ‘What do you do?’ and we ask young people ‘What are you going to do?’ Heaven forbid if the answer isn’t something tangible and preferably profitable.” (Submitted by J.D Roth.)
Saying Goodbye to the 401(k).[The Retirement Manifesto] – “She [My 401(k) served me well during the Accumulation Phase when I was diligently dollar cost averaging with every paycheck. But the past is the past, and she’s no longer meeting my needs in the Withdrawal Phase.” A good write up of why Fritz rolled out his 401(k). (Submitted by Jim Wang.)