Weekly list of curated personal finance articles from around the web.
The number one way Americans are becoming millionaires (Morningstar). It isn’t very exciting, but it does have the advantage of being effective.
The most reliable car brands, according to Consumer Reports (Visual Capitalist). Not a ton of surprises here, except perhaps Porsche and BMW scoring higher than Kia and Hyundai.
Let’s rethink how we’re spending money (No sidebar). Four good suggestions for wise, more satisfying spending.
Spend your money according to YOUR plans (Darius Foroux). How to stay on track in a world that seems intent on running you off the rails.
Your kids don’t need smartphones (Wall Street Journal). At very least, establish some rules for your kids. I have a sample electronic device contract on my website. See also, Indiana’s cellphone ban means less school drama. But students miss their headphones (NPR). And, My teenaged son still doesn’t have a smartphone. Here’s why (The Globe and Mail).
Seven lessons to teach your teenager about building wealth (Lifehacker). With a lot of these lessons, you can start before your kids are teenagers. See also, Trusted: Preparing Your Kids for a Lifetime of God-Honoring Money Management.
81% of Gen Z feels behind financially (Relevant Magazine). “Across generations, 76% wish they’d been smarter with money in their 20s.” If you have a young person in your life, are you doing enough to teach them about money?
Can you leave your estate to your pet? (CNN). “What could go wrong? A lot.”
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