If you’ve read a lot of finance blogs, you’ll see articles that give you 30 ways to save $3,000 or 25 ways to save $2,000. Often times each of the ways are legit. Occasionally they are stretched a little bit. For instance, you’ll often read about the $5 cup of coffee that can be made at home for a few cents. I’m not much of a coffee drinker, but Energi Girl is. The last time I was at Starbucks, her drink didn’t come to more than $3. I think it might have been $2.65.
The real kicker is that after you’ve read one of these and made some adjustments, reading future versions of these don’t help. The second time I read that I can save by eliminating coffee, it’s not helpful. The last 25 or so of these articles that I’ve read have led to zero applicable savings for me. Yet the articles almost always assume that all savings can be applied. This is the real crux of the pet peeve – the part that says, “Now that you’ve saved $2500…” Occasionally that will be followed up with my #1 Pet Peeve and that $2500 will be compounded for 30 years at 10% interest to $43,500 per year.
I’m sure I’m not the target audience for these kinds articles. However, it seems like most of the time personal finance bloggers are preaching to other personal finance bloggers. In the end I think I’m sour to go through the entire article and come up empty.