Today's post is by my awesome staff writer Jordann. Enjoy!
One of the best things about personal finance is that it's so personal. Everyone has their own strategy, tailored to their own specific personality. I think this is why there can be so many personal finance blogs out there, yet somehow we all still manage to come up with unique and interesting content day in and day out.
If you're anything like me, it's the personal stories that keep me coming back, not the generic posts about maintaining a reasonably sized emergency fund.
One of the things I love reading about is risk tolerance. It's so interesting how this personal threshold is so different for each individual. Myself, I'm not a risk taker. Instead of investing my income, I'm choosing to take a guaranteed but modest 5.5% return by paying off my student loans. After that, I'll be paying off my low-interest car loan, and beefing up my emergency fund until it reaches 3-6 months of expenses, and saving for a 20% house down payment. [Read more…]