In an effort to make PT Money more user-friendly, I’ve decided to split the site into three main areas. They just happen to be the three areas from my tagline. Basically, a majority of the content on this site (and our personal finances, for that matter) falls into one of three different areas: make extra money, save more money, and spend money wisely.
I’m not exactly sure how I’ll implement this new structure, but I do know that it should give readers a bit more clarity about what goes on here. Here’s more about each of these three areas, along with some links from last week that relate to each.
Make Extra Money
I’m a firm believer in continually trying to increase your income. Not simply for the sake of having more, more, more. But so that you can afford the things in life that you value: financial and physical security, charity, etc. On a tactical level, extra money allows you to pay off debt faster, save more money faster, and improve the lives of others by providing employment. This area of my site will include things like: quick money ideas, entrepreneurship, passive income, career, small business, and of course, the Part Time Money podcast.
Save More Money
No matter how much money you make, it won’t have an affect on your future finances unless you can stash some of it away in a separate place. Like Jerry Seinfeld said, “the holding” is the most important part. In my experience, the best way to get ahead (instead of getting by) with your finances is to automate and separate your savings across all areas (i.e. pay yourself first). This area of the site will include things like: retirement savings, short-term saving, emergency savings, college savings, investing, and taxes.
Spend Money Wisely
Finally, I’ll reserve some space on the site for topics that fall under the spending umbrella. If you aren’t making money or saving it, then you’re probably spending it. I’m definitely not anti-spending, I’m anti wasteful spending. I want high value for every dollar I spend. This is a big area that includes budgeting, giving, frugal living, shopping/coupons, credit, debt reduction, insurance, and others.