Blog Your Personal Finances

Posted on April 17, 2006

CBS2Chicago reports on some bloggers that are using blogs to record their personal finances and motivate themselves to obtain financial goals.

Do you know your net worth?
Jonathan Ping, 27, does. At $91,820 he's a far stretch from his $1 million retirement goal, but he's keeping track of it.
And you can, too. Log onto his personal finance (PF) blog and see what he spends for the day, what his investments are and what he deems to be money saving tips.

Ping's blog can be found at MyMoneyBlog.com. Another personal financial blog or PF blogger mentioned in the article include Dawn's Frugal for Life.

Another PF blog called Clutter2Cash, which was not mentioned in the article, blogs that she wanted a more public account of her finances.

I started blogging because I wanted a more emotional record of what I was attempting than Quicken could give me. I thought that by making my intentions somewhat public that I'd hold myself more accountable (it works for me). And I also wanted to break the silence that many women seem to have when it comes to talk about money.

Many of the PF blogs include financial graphs or charts showing their progress. Be sure to keep in mind that if you decide to publicly blog about your finances that this information will be available to anyone who reads your blog. It may be unwise to share your financial details online.