Updated on 01.30.08

The Simple Dollar Weekly Roundup: Total Trust Edition

Trent Hamm

How many people in your life do you trust completely? The kind of people that you’d not hesitate handing your wallet to, allowing them to dig through it. The kind of people that you’d allow to live in your house, no questions asked, and immediately be completely comfortable.

I can only think of four people (besides myself) in that group, and possibly two more. For some people that number is larger – for others, much smaller. How many people do you trust totally?

Confessions of a Personal Finance Blogger It’s often hard to follow all of the advice that’s out there. (@ gather little by little)

The New Emergency Fund I still believe the best part of an emergency fund is debt freedom – the fewer bills you have, the less money you need each month, and the more free you are to follow your own path wherever it leads. (@ consumerism commentary)

How to Cope with Frugality Burnout I cope by finding new inspirations – and also being very careful to avoid tempting places when I’m feeling burnt out. (@ get rich slowly)

16 Ways to Save Money by Not Being Normal Marketing convinces us that the “normal” way is to spend money when we don’t have to. (@ christian pf)

Identity Theft Is Too Easy – Phishing With A Fax Number There’s one simple rule to prevent identity theft – it always works. Never send any personal information in response to a solicitation of any kind. Always place the calls yourself, look up the information for contact yourself, and so on. Don’t trust the person that asks you out of the blue. (@ money smart life)

The Simple Dollar Retro: When A Frugal Life And Social Gift-Giving Come Into Conflict You don’t have to give social gifts if you don’t want to – and even if you do, there are better ways to go than shelling out cash.

What Charge Started $37,000 In Credit Card Debt? Tricia does some financial archaeology here, discovering what started a financial apocalypse. Unsurprisingly, it was something innocuous – quite often, the absurdity of credit card use doesn’t appear until the debt train really gets rolling. (@ blogging away debt)

12 Effective Ways to Afford Big Ticket Items I really like the idea of always making payments, so that when you need to buy the item, you aren’t buried in debt. Keep the interest on your side of the fence. (@ the digerati life)

It’s Going to Get Better I sometimes resort to telling myself this when I’m frustrated and sad. Thankfully, I’m usually able to pick up my own spirits and move on with life pretty easily. (@ an english major’s money)

What’s Better Than A 20% Return? Big returns don’t matter much if they’re positioned on top of an unstable financial lifestyle. (@ all financial matters)

25 Things I Don’t Want To Regret Once I Retire and Part Two The biggest thing I would regret is that I didn’t spend enough time with my children when they were young. (@ wise bread)

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  1. I agree Trent, I probably have only a few in my wife as well. I think it’s sad we can’t trust more people to this level, but reality of life I guess.

    Thanks for including my article. I sincerely appreciate it!

  2. I really enjoyed the Confessions article. My wife and I had a similar situation we moved and were living with my in-laws for a while. We had almost no expenses so we got off of doing a monthly budget. When we finally found a house to purchase it took us a couple of months to get back in the habit of budgeting monthly. Just for the record we volunteer as financial counselors at our church. Guilt finally got the better of us and we were back on track. It is great to have people that keep you accountable.

  3. Laura says:

    I’d have to say that right now I only completely trust 2 people on this Earth. It would’ve been 3, but my grandmother passed away a few years back. Her advice was like gold to me and her listening ear made bad days bearable.

    I value my close friends and would be there for them in a heartbeat.

  4. plonkee says:

    I’m not sure I’d be completely comfortable letting anyone live in my house. On the other hand, there are about half a dozen people who I would put up indefinitely without any hesitation. I like my own space, and only that actually makes me comfortable.

  5. Andrew says:

    Those are some great links today! Thanks for the tips.

  6. ericabiz says:

    Hey Trent,

    I’m curious to hear your opinion on one of my recent blog entries:

    Do you agree with my thesis that personal finance bloggers focus on the wrong thing?

    I am an avid reader of The Simple Dollar and am interested to hear what you have to say.

    Thank you,

  7. Great set of articles. phishers are getting more sophisticated. It is not just the foolish being caught now. A measured dose of mistrust is unfortunately a good thing.

    Best Wishes,

  8. Amanda B. says:

    Four. I would let them perform brain surgery on me if they told me they knew how. I only trust them with everything I have (including my son), and I know I am lucky to have them(parents, husband, best girlfriend). I even willed my husband to my best friend in case of my death. That way I know they are both taken care of. They can’t have “relations” though, they can only sit around and talk about how great I was. That is legally binding, right?

  9. H-Bomb says:

    One person.
    That is all, I was trying to think of a couple of people but everyone else quickly got blocked by some thought that would prevent trust. Therefore it would not be 100% trust. Now if you were to add an 80% trust I could say 4 more people.

  10. Lurker Carl says:

    There is a handful of people I completely trust. All are honest, forthcoming, knowledgable and dependable. But I’m not so sure I’d enjoy living with each of them. Although they are trustworthy, they have habits and quirks I’d rather not endure up close and in person.

  11. Beth says:

    I agree with some of the above – I have a large number of truly amazing people in my life, all of whom I would trust with my wallet, my health, my car, whatever – but living with them? um.. I kinda like my space. But I’d definitely *trust* them to live with me. I just don’t trust myself not to get annoyed ;)

  12. Tyler K says:

    I have a handful of friends I trust with my stuff. Most of whom I lived with for a year or two. With in that group there are two people I trust absolutely. We were friends in high school, went to college together and partied 3 times a week. As long as I have room on the floor or on the couch either of these guys is welcome at my place. Sure they get on my nerves sometimes but never for long.

  13. Jilse says:

    Just one comes to mind. I would trust my brother without any hesitation. He could live with us, see every tiny detail of our bank accounts, go through my purse, everything and I would trust him to not touch a penny.

  14. anon says:

    Unfortunately, I can only say I trust the integrity of two people 100%, no questions asked: my father and my maternal aunt. I know they would always do the right thing, even if it was inconvenient, expensive, or dangerous for them, and not just by me, but for anyone.

    Sadly, my husband is no longer in that category, though I still love him very much. Infidelity sucks. No one ever thinks it’s going to happen in *their* marriage. And it changes everything. Forever.

  15. Nice list here and I’m thankful that you’ve included me among these stories. :) I’m glad I haven’t yet been placed in a position to not trust the people I truly care about.

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