PF Spotlight: No Debt Plan

Once again, it’s time to look into another PF blogger here on The Amateur Financier.  This time, it’s going to be Kevin of No Debt Plan.  He only recently came to my attention, although he’s been writing since January 2008 and is rather more established than me.

One of the features he does that I really like are his Subscriber Swap Saturdays.  He interviews another personal finance blogger, he gets interviewed in return, and then each interview gets posted on the respective blogger’s site.  I actually started to follow his site after I read Stephanie’s interview with him on Poorer Than You.  Who knows, perhaps after I’ve built up this humble little blog a bit more, you might just see an interview with me posted on his site.

(I also realize that my own PF Spotlight posts sound more than a little bit like a poor man’s version of his Subscriber Swap Saturdays.  After all, both are special posts that focus on other bloggers, are published once a week, and hopefully lead our readers to other PF blogs.  (And, if we happen to gain a few more readers ourselves in the bargain, all the better.)  I didn’t discover Kevin’s blog until well after I started these posts, though, so I’m going to plead innocent to any idea napping in this case.)

Some of the interesting posts Kevin has added this past week include:

Does Unemployment Income Change How Much You Save for an Emergency? – Kevin raised the issue of what effect, if any, the existence of potential unemployment benefits should change the amount you put aside for emergencies.  He suggested that you shouldn’t decrease your emergency fund on the expectation of unemployment income.  I respectfully disagree (and said as much on his entry); if you have the reasonable expectation of receiving unemployment, that’s a factor that should affect your emergency fund size, just as with any other financial factor.

How Much More Money Do You Need to Make Up for Being Unemployed? – Another unemployment question, which naturally has appeal to me in my current situation.  Kevin calculated how much the insistence on making the same salary you previously made can cost you, and how much more you need to earn to compensate for that loss.  It’s amazing how much the refusal to take even a small pay cut can end up costing you.

Are You Willing to Sacrifice to Succeed? – A simple, but very powerful, message: success takes sacrifice.  The greater the goal and the longer the path to reach it, the more you need to be willing to make sacrifices in order to achieve your goals.  It’s rather obvious, but far too many people seem to think there must be some magic work around to get all the benefits without the work.

There you have it, some of the interesting posts from the No Debt Plan blog this week.  Read and enjoy.


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