Subscriber Swap Saturday: Single Guy Money

by Kevin on November 22, 2008

Today I’m starting a new series that we’ll call Subscriber Swap Saturday.

What is Subscriber Swap Saturday?

Bottom line: there are a bunch of personal finance blogs out there. Too many to find ones you will really enjoy easily. As a blogger this is a difficult problem to get past. Bloggers write because (hopefully) they have a passion for the topic they are writing on. It’s also nice to have people read and comment on your writing.

With Subscriber Swap Saturday I plan to interview, and be interviewed by, another personal financial blogger each week. We’ll each post our interviews (on our own blogs) on Saturday mornings.

Here’s the catch: I want my readers to subscribe to the blog of the person I interview each week and vise versa. Just try out that blogger’s blog for one week. Put the RSS feed in your reader for a week and try it out. Surely in one week you’ll find something you think is worth coming back for. If not? Drop them after a week.

This idea may flop on the first try, but I figured it was worth a shot. Without further ado, our first blogger for Subscriber Swap Saturday: Single Guy Money. Subscribe via RSS. You’ll have to visit his blog if you want e-mail subscriptions instead.

SingleGuyMoney is a blog from a 31 year old single college graduate. SingleGuy has set a goal to rid of his non-mortgage debt by May 2009. Follow along on his journey of debt reduction.

Now, for the interview:

Question (No Debt Plan): What was the catalyst that got you interested in personal finance originally?
Answer (Single Guy Money): I got so tired of not sleeping well at night because I was worried about how I was going to pay all of my bills. I grew up with a single mother and watched her struggle to make ends meet and I decided I need to make a change in the way I handled my finances.

Q: How are you reacting to the economy? That is, are you investing more, saving more, paying debt down faster, etc.
A: The only changes I’ve made is that I decided to save more money. I feel that my job is pretty safe, but in this economy you never know. There could be a pink slip right around the corner. I will be increasing my Emergency Fund from $20k to $25k. Even though I haven’t done it yet, I am considering increasing my 401k contributions.

Q: What personal finance guru/author/blogger has made the biggest impact on your perspective on finances?
A: I am a big fan of Suze Orman. I watched her shows all of the time and learned tips to decrease my debt and increase my savings.

Q: What do you think is one of your best posts?
A: One of my best posts is – I Want to Be Rich Like You. My 16 year old cousin thought that because I had “stuff” that I was rich. I had to explain a few things to him about credit and debt.

What About You?

My thanks go out to Single Guy for being the guinea pig for this new experiment of mine. I sincerely encourage all of my readers to go out and subscribe to his blog for at least a week. See if you like his writing style, or if he writes about a topic that is important to you. You can find his interview of me on his blog.

I would ask the same questions above to all of my readers. What got you interested in personal finance? How are you reacting to the economy? Leave a comment and let’s start a discussion. If you are a personal finance blogger and want to participate in Subscriber Swap Saturday, drop me a line or leave a comment as well.

{ 6 comments }

Shaun Carter November 22, 2008 at 12:54 pm

That is quite a substantial emergency fund. Is 20-25k ($4,000/mo.) really what is needed to survive for six months? That seems very high. The extra money in the emergency fund could likely earn a better rate of return if invested in a longer term investment vehicle.

philip November 22, 2008 at 5:31 pm

Interesting series you are setting up, I already check both of your blogs nearly daily, even though I am still doing it the old fashion way and not using RSS to do so. Keep em up and hopefully you will lead me to some great PF blogs that I don’t already check!

Andy @ Retire at 40 November 22, 2008 at 11:17 pm

Great idea. I’d love interview you (and/or someone else) and be interviewed too. As you say, there are some great blogs out there so it’s good to be able to get a feel for a particular person before subscribing – and also nice to have something brought to you on a plate 🙂

Sandy November 24, 2008 at 7:42 am

I think this is a great series. I would love to be involved. I am already a RSS subscriber.

LAL November 26, 2008 at 10:26 am

I’d like to participate.

Kevin November 28, 2008 at 4:43 pm

@Shaun: That’s a good question. i suppose it depends on your lifestyle. Our monthly budget is higher than our bare minimum 3 month emergency fund. For example, we wouldn’t save money or eat out if we were using the emergency fund.

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