One of my goals for My Financial Reviews is to highlight personal finance blogs and sites that I think can help you with your finances. This week Jim from Bargaineering shared his tips on having a richer life. Meeting Jim in person, I can tell you is absolutely a gentlemen and he loves to help others. I was so happy that he wanted to join the blogger series.
I started Bargaineering in the beginning of 2005 because I had just started working and really becoming more serious about managing my finances properly. I also had a lot of free time because my future wife, then girlfriend, had moved to New Jersey and I didn’t have much to do at night so I thought I’d start a blog. 🙂
It’s been a fun journey, I’ve met a lot of people over the years and I’d like to think my finances are better for it.
Over the years, Bargineering has cover so many topics on finances. Have you noticed a change in how personal finances is being presented now versus years ago?
I think it’s been presented pretty much the same way over the years, the only difference is that there is a lot more of it. The beauty of personal finance blogging, as opposed to what you read in newspapers or magazines, is the breadth of experiences.
When I started, I was writing as a young professional who just started working. Five Cent Nickel had a family with four kids. Now that I have a family, I’ve started to write more of what I saw on Five Cent Nickel years ago. With so many voices, there are so many perspectives that you can find anything.
Do you think financial companies like banks, brokerages, and insurance companies are getting better with their products and services?
I think companies are always improving, the apps today are great. You can do all sorts of banking online now, you have Credit Karma giving you free Transunion scores, and all the Mints and data aggregators really help people manage their money better.
How do you handle your own finances? What system do you employ with: budgets, investing, and career?
I just track my net worth on a monthly basis, I don’t budget, and I actually have started working with a financial adviser to help with some of the bigger picture items, like term life insurance, estate planning, and the like.
What’s the biggest financial mistake you’ve ever made? What did you learn from it?
It wasn’t that big of a mistake but when I purchased our first house, I let the process drive me rather than the other way around. I used whatever title company the lender recommended, I used their inspectors, I didn’t ask for things because I thought the seller would back out of the deal, and I basically was too passive. I learned that it’s my money and I should control the process of spending it.
What are your goals this year and beyond with Bargaineering?
I’d like to do what I’ve always done with it, grow it, have fun, and meet new people in the process. 🙂
Thanks again to Jim for taking time for this interview! Check him out on Bargaineering and please read these great posts:
If you want to chat with Jim he’s also on Twitter.