Welcome to the #326 edition of the Carnival of Personal Finance! Hi, I’m Tim and I will be your host for this week’s installment. This week’s theme is ‘I need a drink,’ in honour of the fact I just spent my Sunday bottling 28 bottles of sour cherry wine that came from a tree in my backyard. For the record, no I’m not that cheap that I have to do that…I just happen to really like making my own wine and cocktails.
Editor’s Choice – While I freely admit there was some sampling during the bottling process (quality control purposes of course), I still managed to find a few posts that either impressed me.
Barbara Friedberg from BARBARA FRIEDBERG PERSONAL FINANCE presents Wealth & Economics; Community vs. Country Club -A great insight into what the GDP is and why in some ways it really doesn’t matter to a lot of your life.
Sandy from Yes, I Am Cheap presents I Make Money Online: Virtual Assistant – An interesting post about the art of ghost writing and how to get into it and other online freelance jobs.
Nelson from Canadian Finance Blog presents The Basics On Balance Sheets – Finally a good post on the basics of a balance sheet without getting sucked into too many details.
J.B. from My University Money presents What Classes Do I Sign Up For If I Don’t Know What To Do? – Apparently there is solution to the problem of ‘I don’t know what degree to take’. I wish I read this article when I was 18!
IS from Intelligent Speculator presents It Could Be A Lot Worse, We Could Be In Europe – And now I finally feel better about the Canadian government debt after reading this post.
Budget – Otherwise know as can I afford a Black Velvet (equal parts champagne and Guinness beer) or do you need to start looking for the cheapest wine in the store.
Green Panda Treehouse presents Your Daily Commute’s Impact on Your Wallet, and says, “Are you saving money on your daily travels?”
Adam from Rabbit Funds presents 4 Tips to good (or better) budgeting, and says, “Budgeting is a very proactive activity. Budgeting is taking the time to decide in advance how you are going to spend your money and how you are not going to spend your money.”
Jonathan from Deliver Away Debt presents Mint.com Review: The Ultimate Budgeting Software, and says, “Mint is a full featured money management website owned and run by the famous TurboTax. Mint is always on the lookout to provide the best and most revolutionary services all at zero cost to you. At the core of Mint is a passion for helping the masses manage their money.”
Frugality – Where you learn the best cooking tip ever: when in doubt add booze.
Corey from 20’s Finances presents How I Furnished My Apartment for $600, and says, “This article presents real information about how I used craigslist to furnish my apartment for $600.”
Miranada from Financial Highway presents 45 Ways to Save Money, and says, “You can increase the efficiency and effectiveness of your personal economy by finding ways to save more money. Here are 45 of my favorite ways to save money:”
Control Your Cash presents If you can’t grasp this you’ll never get rich, and says, “If you choose a credit card because of its balance transfer rate or introductory low-interest period, you’re a moron. Shut up and sit down.”
Saving – Otherwise know as the realization that a wine that costs 10 time more than your last bottle doesn’t in fact taste 10 times better. Rule of thumb, don’t exceed $30/bottle and ask around. There are lots of great wines in the $15/bottle range.
Money Beagle presents Unsure What To Do With That Extra Money?, and says, “Finding the right path takes time.”
Grace from GRACEful Retirement presents Saving & Budgeting–Two Entirely Different Things, and says, “I had a bit of an epiphany as I was setting out new goals for myself. For the first time, I realized that I cannot ‘budget’ my savings. To do so is to virtually guarantee that I will fail to save anything.”
Connie from Taking Charge presents Thanks for the 11-cent break, but can you make those gift cards reloadable?, and says, “On my next visit, I pulled the gift card out and asked to put another $50 on it. The cashier reached for a new card from a stack near the register and told me they weren’t reloadable. I would have to get a new card.”
Philip Taylor from PT Money Personal Finance presents Is Your Emergency Fund Big Enough?, and says, “So, how do you know if your emergency fund is big enough? This article gives you some points to think about to give you confidence in your emergency funds.”
Career – You know the thing you do to actually pay for all the booze in your house.
Paula from AffordAnything.org presents I Wanna Be a Billionaire!, and says, “Conventional personal finance advice says you should live in an area with a low cost-of-living. I disagree. ”
Money Walks presents 7 Ways to Get Funding for an Education, and says, “Money Walks looks at 7 ways you can get some extra money for your education. ”
SB from One Cent At A Time presents 10 pieces of financial advice for young adults, and says, “When you have graduated from college and trying to solve mysteries of financial world, what you should do to attain financial success. Advice of a life time for young people of the world!”
Suba from Broke Professionals presents What to consider before blogging for cash?, and says, “Lot of people think it is easy to make money blogging. Here is a list of things to consider before taking the plunge.”
Dividend Growth Investor presents Two High Yield Dividend Growth Stocks I am buying, and says, “Owning these two high income dividend growth stocks makes sense for investors looking for high yield and a rising passive dividend income stream. ”
md from Passive Income Now presents Are We Running Away From The Recession?, and says, “Has the recession scared us away?”
ElizabethG from Modern Gal presents Starting Your Own Business?, and says, “I’ve talked to an increasing number of people who want to make the shift to working for themselves. I think some should give it a go, and others, probably not.”
Investing – Knowing the fact the a good vodka is basically tasteless, so don’t waste your money on tripled distilled crap when the next brand down tastes just as good for a fraction of the price.
Miss T. from Prairie Eco Thrifter presents Who Took the Service Out of Full Service Brokerage, and says, “If you are using a full service broker, make sure you are getting your money’s worth – there are a lot of other choices in today’s world to get your financial transactions processed. Know what services you should expect to get for the money you are paying and demand good customer service.”
D4L from Dividend Growth Stocks presents 10 Dividend Stocks Beating the S&P With Positive Returns, and says, “It is my goal to create an ever-increasing income stream from dividend growth stocks, while it is my desire to beat the S&P 500 index over the long-term. I believe in long term my dividend income will rise AND I will beat the S&P 500. Otherwise, it would not be a realistic desire. This has been the case since I have been publically tracking my dividend growth portfolio.”
Sustainable Personal Finance presents What is Passive Dividend Income?, and says, “If you are looking to generate passive dividend income then be prepared to put in the effort required to research a stock and find a good dividend paying stock for your portfolio.”
DSO from Dividend Stocks presents Pay Attention To The Ex-Dividend Date, and says, “Dividend investing can really be a good way to earn a little extra income. Indeed, if you create a plan, and take advantage of dollar cost averaging, it can also be a way to build up a substantial portfolio that can yield solid income opportunities. As long as you are reasonable about your dividend expectations, you can eventually build up a stream of income that can serve you well in retirement, during an emergency, or for other purposes.”
Kevin Mulligan from RothIRA.com’s Retirement Planning Blog presents The Importance of Retirement Investment Goals, and says, “You can’t navigate to retirement if you don’t know where you’re going. Here are six steps to coming up with a retirement investing goal.”
Dan Meyers from Your Life, Their Life presents How to Start Investing, and says, “One of the most difficult parts of investing is getting started. I explain what accounts to use and how to get started.”
Jim Yih from Retire Happy Blog presents Has the stock market changed your day to day life?, and says, “The good news for me, is the stock market did not affect my day to day life mostly because I do not depend on my portfolio to live and pay the bills.”
Sean from Grow Money presents How To Become A Millionaire, and says, “So if everyone wants to be a millionaire and most of us are not millionaire’s, it raises the question – what does it take to become a millionaire and where are people going wrong on their adventure to become one?”
Ramsay from Moneyedup presents How To Open A Roth IRA, and says, “Among individual retirement accounts, the Roth IRA stands out because of its special tax advantages. Instead of providing tax breaks at the time of deposit, Roth IRAs allow account holders to receive benefits completely tax free after retirement. ”
Ben from Money Smart Life presents 9 Ways to “Beat” the Stock Market, and says, “Nine tips you can use to avoid letting the market get the best of you.”
Debt – The regret that kicks in after your hangover when your credit card bill comes in.
Sarah Minton from The $60K Project presents How I Paid of $60,000 in Ten Months, and says, “Thoughts on why I successfully paid off $60,000 in less than a year, and tips for readers to help them do the same.”
Jason from One Money Design presents Pay Down Debt with These 10 Tips, and says, “10 essential tips to help you pay down debt.”
Money Management – Otherwise knowing your limitations and planning for them (for example, putting the booze in the hardest to reach cabinet in the house to make sure you drink less).
Hank from Money Q&A presents Book Review Of The Wealth Cure By Hill Harper, and says, “The Wealth Cure by Harper Hill is an excellent book that shares with its readers not only advice on how to handle your money, investment, and financial life better, but it is also a book that so many people can relate to.”
FMF from Free Money Finance presents Valuing Time in Home Repairs, and says, “In any buying transaction, time needs to be a factor that influences your final decision. A great example of this is deciding whether or not to do home repair work yourself. ”
Cathy Moran from MoneyHealthCentral presents Ready To Stake Your Retirement On The Stock Market?, and says, “If each of us manages our own Social Security account, what becomes of those who make bad choices or have bad luck? Will the social safety net be dependent on good money management?”
Glen Craig from Free From Broke presents Do You Need Disaster Insurance? What Type Should You Get?, and says, “Do you need disaster insurance? Depending on where you live you may find you need disaster insurance. See the different types available and if you need it.”
Mike from Stupid Cents presents Is A Reverse Mortgage Right For You?, and says, “A reverse mortgage allows senior citizens to tap into their home’s equity. Learn more and decide if a reverse mortgage is right for you.”
Odysseas from Wallet Blog presents Should You Be Mad That Free Checking Accounts Are Becoming a Thing of the Past?, and says, “More consumers around the country are all of a sudden finding monthly fees on their previously free checking accounts. It’s understandable that you might at first be angry about having to shell out monthly payments for a service that used to free, but what if there was a good reason for the switch?”
Real Estate – You know you have a problem when your house has a wine cellar because you either bought too much house or drink too much wine.
Eric J. Nisall from DollarVersity presents Shopping For A Condo Is Different Than For A House, and says, “Not all homes are created equal. Condos need to be looked at a little differently than single family or town homes. Don’t use the same criteria for each.”
Md from Studenomics presents 100 Words on The Home Ownership Decision, and says, “Straight to the point post on deciding to buy a home.”
Other – Also know as that strange cocktail that your create with the leftovers from three bottles that you will never duplicate again despite the fact it tasted excellent.
Evan from My Journey to Millions presents Why Global Economic Negativity, Doom and Gloom Doesn’t Disturb Me, and says, “I travel quite a bit, for business and for pleasure, and as I travel across the country and globally, I am continuously amazed, but not surprised, at the amount of discussion (more like complaining) around the economic condition today. However, the facts I see around me every day tell me that things are really not that bad.
Bret from Hope to Prosper presents Failure and Greed of American CEOs, and says, “25 of the top 100 highest paid CEOs had higher salaries than their company paid in federal income taxes. I don’t know what is more ridiculous, that companies paid their CEOs so much or they paid so little in taxes.”
Donna Freedman from Surviving and Thriving presents Get rid of junk mail, both virtual and physical., and says, “A couple of clicks will reduce clutter — and waste.”
Mike from The Financial Blogger presents Do You Live The Moment?, and says, “How do you treat your finances?”
Boomer from Boomer & Echo presents What To Do With Your Paper Clutter?, and says, “Have a good system to deal with your paper clutter by filing your bills, statements and important notices and setting a regular date to deal with them.”
Clint from Accumulating Money presents How The US Credit Downgrade Is Affecting Spending, and says, “Every person, business and entity has a credit rating. When the United States saw a reduction in their current credit rating, it created ripples throughout the US all the way down the average household and the average consumer.”
Bryan from Pinch that Penny! presents Craigslist Arbitrage – The Folly of my Youth, and says, “I bought some comic books on Craigslist and then sold them back on Craigslist (albeit for less than I apparently could have).”
Money Thinker from Money Thinking presents 5 Reasons This Decade has been Financially Unstable, and says, “9/11 was one of several reasons that our country suffered financially in the last decade, and today we’re going to look at that event and 4 others”
Suba from Wealth Informatics presents Loyalty Cards : Providing rewards or threats?, and says, “Loyalty cards are something we sign up without even thinking for a minute. They do provide discounts, but do you know what other threats they pose?”