As I click around personal finance blog sites I am always amazed by just how many bloggers are in debt. There are a lot of bloggers that write about how they got into debt, how they plan to get out of debt, what keeps them in debt, etc.
Thanks to the wonderful gift of a college education, (thanks mom and dad), a good job out of college, and a general aversion, (more like a terrifying fear of owing money), I have never been in debt. I have been frugal for just about as long as I can remember. My frugal ways have kept me out of financial trouble even when I was making very little money, and somehow or other I’ve managed to pay my credit card in full every month. For some reason, I’m actually a bit embarrassed to admit that fact. It’s kind of like admitting that you were a straight A student in high school. On one hand I’m extremely proud of the fact, on the other hand I wonder what people will think if they know I’m responsible with my finances.
I know a lot of individuals go into debt for financial hardships. By God’s grace my employer continued to pay my salary when serious medical problems struck me a few years ago. I know that many aren’t as fortunate and I am eternally grateful to my employer for their support. But I wonder how many pf bloggers are in debt for hardships or student loans and how many are in debt for being reckless with their finances.
Since I’ve never been in debt and hope to never be in debt, I never read this articles, but I wonder how many bloggers are in debt, how many have been in debt and are now out of debt, and how many have never been in debt at all. I think the world of personal finance blogs is very interesting. It almost seems like the pf blogging community cannot be a shapshot of the overall population, because by nature we are all writing about money, and just thinking about our finances probably separates us from a good portion of the general population, who we are told save little and spend without much thought.