Dumb Little Man has a good article about Defensive Money Strategies from Real Millionaires. The strategies are based on the research of Dr. Thomas J. Stanley the best seller author of “The Millionaire Mind”.

Creating Your Own Online Piggy Bank is a post from MyMoneyBlog that talks creating virtual piggy banks through ING Direct that helps you save your money for specific goals.

Blueprint For Financial Prosperity has a good article on how watching NASCAR racing taught him 5 Personal Finance Lessons.

Last but not least, Flexo at Consumerism Commentary talks about Top Career Choices In A Recession, and which jobs provide the best opportunity of long term stability. Basically, with the current recession, people are look for jobs that aren’t affected by the economy.

• 10% Savings – save at least 10% of your income throughout your working life. Pay yourself first!

• 35% Housing – includes mortgage or rent, utilities, insurance, taxes and home maintenance.

• 20% Transportation – includes car payments, auto insurance, tag or license, maintenance, gasoline, parking and transit.

• 15% Debt – includes student loans, retail installment contracts, credit cards, personal loans, tax debts and medical debts.

• 20% Other – includes all other expenses: food, clothing, entertainment, childcare, medical expenses and charity.

After pulling up my budget allocation sheet on Quicken my percentage of income looks like this:

• 15% Savings

• 45% Housing

• 10% Transportation(will be higher very soon because wifey needs a new car)

• 10% Debt

• 20% Other

What was kind of alarming to me was how much my wife and I are paying out for our household expenses. The biggest chunk is our mortgage which is understandable, but we will be refinancing very soon.  If you would to read a related article on this topic please go to MSN Money.