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Here is the first instalment of my series on blogging about blogging. I find the blogging process both interesting and revealing. Hopefully you will too! Enjoy.
Part 1: The Art of the PF Blog
Is it just me or have PF blogs suddenly become fashionable since the credit crunch? It seems like a lot of people wish that they had spent more time talking (or blogging) candidly about their personal finances before Black Monday, and are now jumping on the wagon. Not that I’m complaining – the more the merrier!
Like most Personal Finance bloggers, I spent months addicted to reading PF blogs before I could muster up the courage to write one. We all know what a faux pas it can be to speak about personal finances in the real world. It used to be that if I found myself in a conversation about money I would change the topic as quickly as possible.
However, when I discovered the world of PF blogs, I was delighted to find the taboo associated with talking about personal finances turned upside down. Some of the first PF bloggers I encountered had amassed credit card and loan amounts that I didn’t even think were possible. But more than anything, I was amazed at the willingness and honesty with which they wrote about their financial blunders. I was really surprised how willing people were to air their dirty laundry without worrying about being judged as flighty or irresponsible. And inspired by all the things it was possible to learn from others’ mistakes.
Before I knew it, I was becoming more personally invested in several bloggers’ debt repayments and savings progress. Slowly but surely, I realized that it was not simply anonymity that encouraged these bloggers to write so candidly – it was also about the sense of community that developed around the blogs, the comments, and the discourse that evolved as a result.
As I should have expected, it didn’t take long until I joined the commentators, chose a pseudonym (‘FruGal’, of course), and began airing my own financial concerns as honestly as I had ever done. I’m thankful that my background as a personal finance writer gives me a unique insight into how regular people encounter financial stress. Yet it wasn’t until I started commenting on other’s blogs that I confronted my own monetary misgivings; and began to apply what I was learning to my own finances. What followed was therefore inevitable – suddenly blogging became the perfect anecdote to years of ignoring haphazard spending and a scant personal savings.
Little did I know that the impending credit crunch would renew the way that we talk about money in the real world. No doubt, this gives PF blogs in general a new and exciting sense of purpose – talking about personal finances in an honest and open way is vital to responsible spending!
Though I’ve only been FruGal for less than 6 months, I feel strongly that it is not simply a coincidence that so many PF blogs exist today. I think that people tend to blog in the first place because of the general lack of openness in talking about personal finances – that is, the ability to express misgivings and missteps about financial choices. I totally respect and understand why one would keep their personal finances, well, personal, but what is so great about PF blogging is that it gives the reformed spender a space to talk honestly about his or her spending habits. After all, how are we supposed to learn to spend responsibly if we are discouraged from talking about spending in the first place?
10 Responses for "Not-So-Personal Finances Part 1: The Art of the PF Blog"
You are spot on. I have been blogging for years but more on topics relating to my hobbies and business. It’s only been since the credit crunch that I felt the desire and need to talk about finances too. When you are in some pain, but can’t share with people in the real world, you tend to share with the internet under a cloak of anonymity. I’m so thankful I’m discovered the PF community and hope to become more a part of it in the future.
Great post. Reading other people’s PF blogs is satisfying because when we read someone’s success, we’re inspired. When someone announces a commitment to a goal, we cheer them on. When someone fails, we try to help them from getting discouraged.
Great Post!
I’ve always wanted to talk about money. I’m like a financial voyeur; I’m curious about how other people budget, spend and make financial decisions. It’s taboo in the real world and people in my real life think I’m consumed with personal finance (hey, it was my career) so the pf blogging community gives me people to learn from, exchange ideas with and otherwise indulge my passion for all things finance. If it wasn’t so taboo in the real world, maybe collectively we wouldn’t be where we are now economically.
Hi there-a great post!! It is easier to blog about personal finances, as I think telling friends and family, there would be some ‘judging’ done and opinions made, which we may not want to take on board. Its great to have support in the blog community, long may it continue!!
Growing up personal finance was atually forced down my throat. In the third grade I was required to keep a personal account of all my money. I absolutely hated this and quite honestly feel thsi is one of the reasons I got myself in to my first financial mess in college. I could spend without my parents croticising and dictating to me about how I chose to spend my money.
My current financial situation is more from a situation of expensive repairs to two cars and condo projects. we didn’t have savings for these things so we utilized credit cards. Grandted some of the credit card debt was for fun stuff too.
We have a plan in place and we are working it. It’s so great to read these PF blogs because of how much you can learn and apply that others have done.
I agree that it does feel like PF blogs have a new sense of purpose because of the credit crunch. Isn’t it funny how trendy having a money blog is right now?
Not sure if you are into the “Confessions of a Shopaholic” book series, but I just saw the trailer for the movie they are making based on it, and it shows the main character becoming a personal finance writer for a magazine and making “money” issues relatable for women. Such a sign of our times.
Great post!
PF Blogs ROCK. A little “virtual perusing” of one’s financial statements never hurt anyone
Great post, as always.
I can totally relate to some things you wrote here. I use to read dozens of PF blogs before starting my own. I’m fairly new, under 1 year and I think it was the greatest thing for me. It mostly helps me to hold myself accountable. I also get fantastic tips, advice and support.
Great post!
[...] shared her thoughts on blogging with her series on Not-So-Personal Finances. This series really resonated with me. I’ve only recently started blogging about personal [...]
I didn’t have much of a financial education from my family – Money wasn’t really discussed at home. I knew I had to finish school, work hard and I would make it – that was about it.
PF blogs give me encouragement to know that the most important thing is starting down that road of accountability. It doesn’t hurt either to see people who went through exactly what you are going through.
Great post.
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