Thursday, August 29, 2013

Kiplinger's Personal Finance magazine (1-year)

Kiplinger's Personal Finance magazineThis magazine has paid for itself many times over with its very simple, relevant financial tips. I won't go into my personal details, but I estimate that by acting upon the advice I found in different articles over the past year, I will have saved and earned over $2000, and perhaps much more. This amount has not come from major windfalls from stock purchases, but rather from sound advice on taxes, credit cards, savings options, fee comparisons, etc.-the types of things we all deal with often. I have subscribed to many magazines over the years, and the majority were only for 1 year-this one I will continue renew for years to come!

I've read other personal finance magazines before and found them to be either too basic to be worth my time, or too focused on some obscure area. I'm not a financial professional, but I like to constantly increase my knowledge of personal finance. Kiplinger's has been great for that. I skip 80% of the articles in this magazine, but that still leaves one or two in every issue that teach me about an area I didn't know about -where to buy bonds online the most cheaply, how to find good financial advice, why options are priced the way they are. One good article pays for the entire annual subscription. Each issue has a wide range of articles appealing to lots of levels of experience.

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Kiplinger's Personal Finance Magazine fits right in the middle between the lowest-common denominator approach of Money magazine and the head-in-the-clouds attitude at Worth magazine. Kiplinger's has a nicely balanced style and tone; it never preaches, and I almost always find a tip, suggestion, or tax-saving idea that pays for my year's subscription in every single issue. If that's the measure of the value of a personal finance magazine, then Kiplinger's Personal Finance Magazine deserves a five-star rating. Good stuff, and a good value!

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I had been subscribing to Money magazine for the past 14 years. At some point I wanted a change so I try Kiplinger's. I'd say comparing between the two Money seems to target more on upper income readers whereas Kiplinger's middle to lower. Money's written style is more technical whereas Kiplinger's is less.

Overall I'd say Kiplinger's content seems more fundamental than Money.

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My retirement plan sends me a magazine, which is so boring that I don't even bother to open it anymore; Kiplinger's isn't at all like that. The best part of Kiplinger's is that it describes how real people with average salaries, kids, and debts can invest for the future. There are also some great articles for parents about how to teach their kids to manage their money. Everything seems practical, but I've yet to try any of it. The magazine is broken into four sections: `Ahead' short articles about finance news and current event, `investing' about investing mostly stocks, `your money' about ways to invest your money though not as technical as the investing section and more diverse, and `spending' which is basically general interest about new fun technologies and other ways to spend all the money saved or made through investing.

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