Showcase: Stop Using Finance as Your Coping Mechanism

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.

Do not miss out, New grants available!! If you are planning a project to empower and educate your community, we encourage you to apply for a Plutus Foundation grant.

Twice per year, the Foundation makes grants to content creators providing community-based financial education and/or financial literacy programs. Also, spread the word! The deadline to submit your grant application is March 13th.

Here’s what we wanted to share with you this week.

The Important, and Unimportant. [J L Collins] — “Important: becoming financially independent. In doing so you have bought your freedom. Freedom to spend your life and time as you wish without the need to trade your labor for money. Unimportant: whether you choose to retire from your job or keep working once you are FI. Being FI doesn’t require you to quit a job you enjoy. It just means you get to choose.” (Submitted by J. Money.)

Myth Busting Women’s Banking for Women’s History Month. [Femme Frugality] —”I keep seeing articles and some allusions on big financial sites that say something along the lines of, “It was illegal for women to have bank accounts in their own name before the 1960s.” (Submitted by Tarsha.)

Stop Using Finance as Your Coping Mechanism. [We Want Guac] — “Money is no substitute for relationships or achieving your goals. Money can certainly give you a nice roof over your head, food, clothes, experiences. It can even set you free from working for the rest of your life, if you so wish. It just won’t replace your need for a deep connection with others, nor will it truly fill the void with the less tangible qualities of life.” (Submitted by J. Money.)

Cash Flows-The Most Powerful Tool in Retirement Planning. [FI Physician] – “Cash flows are the most powerful tool in retirement planning. They are also extremely boring to talk about, and who wants to read a blog full of columns of numbers? You do? Ok, let’s dig in! (Submitted by Tarsha.)

The 5 Habits of Financially Responsible People. [Darius Foroux] – “The way you treat your money is a result of the habits you have. This is what sets financially responsible people apart from others. And I’m not only talking about the habit of spending.” (Submitted by Jim Wang.)

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