Personal Finance

Top 10 Personal Finance Articles of the Month — May 2022 

It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. First up, with the stock market seeing slumps as of late, we’ll look at some articles that feature long-term investment plays. Next up is a pair of articles about spending money (as well as saving some). Then, we’ll talk money “rules” to ignore, the proper number of savings accounts, and more.

As usual, this month’s list includes a couple of Dyer News Top 10 mainstays as well as a few first-timers. Without further ado, below is my list of the top 10 personal finance articles published in May of 2022, along with their title, author, and the site they originally appeared on.

Long-Term Investment

Lost $50k On Paper (And I’m Doing Just Fine) — Darcy, We Want Guac

In recent weeks, there’s a good chance that your investment portfolio took a hit. Obviously, seeing your money seemingly disappear can be an unsettling feeling, which in turn can lead people to make mistakes. Instead, Darcy explains why she’s not sweating a $50,000 loss.

The Investment Stories We Tell Ourselves — Nick, Your Money Blueprint

One needn’t look too far for commentary on why the stock market is performing the way it is. In fact, there are multiple 24-hour networks dedicated to the topic as well as hundreds of sites doing the same. As Nick points out, individuals often do the same, conjuring up stories about their investment that, at the end of the day, likely aren’t helpful.

How I’m Using A Roth IRA Conversion Ladder To Access Retirement Funds Early: A Step-By-Step Guide — A Purple Life

Those saving for retirement are likely aware that there are two types of IRAs: Traditional and Roth. However, what’s less known is that it’s possible to convert from the former to the latter — which could be quite beneficial for early retirees and others. To walk you through the process, this post from A Purple Life lays it all out.

What the Happiest Retirees Know: Investing and Spending Habits — ESI Money

Speaking of retiring, wouldn’t it be helpful to know how the happiest of retirees invested their money? Well, luckily for us, that’s part of what the recent book What the Happiest Retirees Know: 10 Habits for a Healthy, Secure, and Joyful Life is about. Even more luckily, this article from ESI Money looks at some key passages from that book while also injecting some extra commentary.

Spending and Saving Money

5 Things To Spend Money On To Enrich Your Life — Sanjana Vig, The Female Professional

Oftentimes, when we talk about money matters, we assume the solution is to simply spend as little as possible. In reality, the key part of good personal finance is spending our hard-earned money on what will actually make us happier. With that in mind, Sanjana looks at a few examples of life-enriching spending categories.

6 Tips for Saving Money When Buying Electronics — Kyle Burbank, Money@30

There’s no doubt that consumers now have more electronics to buy than ever before. Between computers, cell phones, cameras, and many more, the costs of these tech products can really add up — especially when it’s time to upgrade your aging items. If it’s time for you to purchase some updated tech but you’re working with a budget, Kyle shares a few ideas that could potentially save you money on your electronics purchase.

Personal Finance Tips

Money ‘Rules of Thumb’ You Need To Forget Right Now — Jim Wang, Best Wallet Hacks

When it comes to personal finance, there are several “rules of thumb” that are often cited. While some of these guidelines can serve as a helpful starting place for consumers to build upon, others may be better off ignored. On that note, Jim features some rules from the latter category.

Should You Have Multiple Savings Accounts? — Vicky Monroe, Everybody Loves Your Money

These days, there’s no shortage of savings account options. From big banks to small FinTechs, there are pros and cons to many of these products. Similarly, as Vicky shares, there are also advantages and drawbacks to utilizing multiple savings accounts as opposed to just one.

5 Life Hacks That Will Make Moving Apartment Easy — Diane L., Life Your Way

No matter who you are, moving can be a pain. And, although larger houses can mean more to transport, moving from apartment to apartment can come with its own set of challenges. To help ease the pain, Diane shares five tips that can help make apartment moves easier.

How to Clean Out Your Closet With a Quick Closet Purge — Jewels, One Frugal Girl

While summer may be just around the corner, spring is still in — which means there’s more time to get some spring cleaning done. As part of that project, perhaps a closet purge is in order. In this post, Jewels offers a step-by-step guide to cleaning out your closet, while also explaining why such a purge can be so beneficial.

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Thanks for checking out my top 10 personal finance articles published last month and congratulations to all of the bloggers who made the list. To find more of these great articles on a daily basis, be sure to follow me on Twitter @jondyer9 and of course visit DyerNews.com.