Carnival of Personal Finance Week 13

by SMD 

Smart Money Daily is very happy to be hosting the Carnival of Personal Finance for the second time. What a difference from week 4. That time I had to cruise the web, begging for submissions and gathering stories on my own to fill out the carnival page. This time I actually had to re-program my blog software because the size of the carnival page was the largest story I have ever done and it was actually larger than my database could hold [blame Microsoft!].

So, it was an eventful weekend putting together the stories and cutting new code side-by-side. Remind me again why I didn’t just use WordPress when I started this blog?

Besides that though, hosting the Carnival is really great. I can’t believe how many excellent financial blogs submitted stories and I have to say I enjoyed and learned from each and every one. Get out your spreadsheets and notepads ‘cuz here comes week 13…

Personal Finance: No Credit Needed has a great collection of getting organized tips for your finances. The article has a lot of tips ranging from how to make a few bucks cleaning out your kids’ closet to how to enjoy shopping…even if you’re a guy!

Investing: Next up is fellow Albertan, The Dividend Guy who presents a discussion of high dividend yields and why reaching for the highest yielding stock may not be a great idea. Solid advice.

Personal Finance: Free Money Finance has started a series of posts called ‘Best Financial Tips from FMF Readers’ and his entry in this week’s carnival from this series: Never Pay Retail. The article has a whole range of tips, ideas and links that are going to save you money and teach you to think differently about bargain shopping.

Charitable Giving: ~Dawn has a very timely story on her site Frugal For Life, called Save Money, Don’t Give to Charity Scammers in which she outlines exactly how to avoid giving money to the wrong charity.

Credit Cards: Carnival creator Flexo from Consumerism Commentary has a story this week about how to work your credit card’s grace period to your financial advantage. Read Credit Card Grace Period.

Investing: Over on his site, The Capitalist Blogger has a story he describes as a quick run-through of how to choose an online broker who best meets your personal needs and goals.  Learn what to look for and what to avoid.

Saving $: There’s an old financial saying, “to be rich, choose your parents wisely.” By the looks of it, the kids of this next blog’s author have done exactly that as Sensible Mom has submitted a story this week full of tips about how to save for your child’s college education. Lots of tax saving tips and relevant links.

Career: Ironman at Political Calculations finds evidence that some career choices don’t necessarily provide a good return on investment with his post High Investment, Low Payoff Careers.

Budgeting: This week’s submission from Financial Fruition is an elegantly simple post about how to run a budget, I really like the tip about calculating the future value of expenses that you can trim today. Check out Budgeting Money.

Tax Savings: InsureBlog presents an amusingly titled little ditty called, Just Hop on the Bus, Gus… Did you know that you could write off the cost of your bus pass? Either did I, but you can find out how to pay your bus fare with pre-tax dollars from Henry’s article.

Home Buying: Have you ever purchased a home? Have you ever had that should I or shouldn’t I feeling? Or maybe you’ve been torn between two completely different homes. If you can relate to these feelings you’ll enjoy the MMB’s Financial Journal story, To Buy or Not to Buy.

Mortgage: Digging into the details of Mortgage Loans: The Tradeoff between Rate and Cost is this week’s submission from Searchlight Crusade who’s site tagline says a lot: “Consumer information from those who know the system.” Get in the know!

Saving $: Carnival veteran Jim from Bargaineering has a very valuable consumer tip this week in his story Just Ask: 200 Cell Phone Minutes Free. Yes you can get stuff free just by asking, this story shows you how.

Financial Planning: The Mighty Bargain Hunter, is searching for ways to take advantage of a pay raise. His story Did you get a raise? Play the “live a raise behind” game! will show you how to leverage that raise to make the most of it. Oh, and he’s all for splurging a little bit too, to reward yourself!

Investing: Brian from Financial Reference is telling us why investors should be leery of actively managed funds. I can think of a few reasons from my own experience but you’ll want to check out his story if you have any mutual funds in your portfolio.

Personal Finance:
Kim Snider from the aptly named Kimmunications site sent in an interesting and timely story called, What Can Katrina Teach Us About Personal Finance? She describes it as “five lessons the average person should learn from the aftermath of Hurricane Katrina. At least two of them are somewhat controversial depending on your point of view.” Controversial or not, it all was good advice in my eyes.

Estate Planning: Joe Kristan from Roth & Company Tax Update uncovers a hidden gem buried in recent tax legislation, in his story Estate Tax $4-5 Million Exemption, 15% Rate Likely. Could there be hope for estate beneficiaries in the form of tax cuts?

Home Prices: The Real Returns presents an interesting article called Inflation and House Prices Correlation about how inflation is created by constant growth in money supply. The rise in money supply for last 4+ decades could explain the rise in Median house prices in . A worthwhile look at how the expansion of the money pool leads to inflation.

Health Insurance: Dan has a story on his blog Tick Marks called, “Here’s a Nice Raise. Go Find Your Own Health Insurance.” It’s a story how about some small business owners feel the (financial) need to drop health insurance coverage for employees.

Saving $: frugal underground‘s entry this week called Smart grocery shopping and  is the intro post for a series on saving money at the grocery store.  It provides an overview of a number of techniques. There is an entire strategy all worked out, with more details on each tip to follow.

Investing: The Happy Capitalist takes us for a little tour of technical analysis with his article, Fibonacci, Elliott and the Nasdaq. Does it deserve credibility? This is a story of his personal experiences with Fibonacci Retracement and Elliott Wave Theories before the market crash of 2000-2002.

Financial Planning: JLP of All Things Financial has a story on his [brand new] site called Stretch That IRA – An Example, which demonstrates, with a clear example, of how even a small IRA can grow into millions of dollars in income for the beneficiary. If you’re doing some estate planning this could be very useful information.

Home Buying: The mysterious Madame X has a very cool story on her My Open Wallet site about the 8 simple rules for buying real estate, and why she is dying to break them. It’s a very entertaining glimpse into the thoughts of someone who is trying to follow the rules about buying a home and live in reality at the same time.

Self Improvement: Steve Pavlina has a story on his Personal Development Blog called How to Get From a 7 to a 10. The story explains how to boost yourself to a higher level of performance, financially or otherwise.

Credit Cards: Five Cent Nickel’s entry this week is a piece on the limitations of CitiBank’s Click-to-Pay service, especially when it comes to paying a bill at the last minute, along with some advice on how best to avoid trouble.

I didn’t submit an entry for this week’s edition, but you’re welcome to take a look around, my most popular stories are listed in the “Top Stories” box over on the right, or you can visit my home page which has my 10 latest stories on it.

That’s it for lucky week 13; I hope you enjoy the Carnival. If you have a personal finance related story to submit to next week’s Carnival, you can submit it over at Optimized Living or you can check out the complete hosting schedule for all the upcoming carnivals.

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12 Responses to “Carnival of Personal Finance Week 13”

  1. Flexo on June 13th, 2007 2:42 am

    Thanks for hosting this week! Excellent carnival!

  2. FF on June 13th, 2007 2:42 am

    Thanks for hosting this week. It is linked back at Financial Fruition.

  3. ~Dawn on June 13th, 2007 2:43 am

    Excellant job. Link back added

  4. Jon on June 13th, 2007 2:43 am

    Thanks everyone, I was a blast to read and compile the Carnival. It has really taken off in 13 weeks!

  5. ncnblog on June 13th, 2007 2:46 am

    Thanks for hosting. (I like the “clean” look of your blog) ncnblog

  6. Kyle Welsh on June 13th, 2007 2:47 am

    Wow, lots of great info here – good job all involved! Link back addes.

  7. Nick Racan on June 13th, 2007 2:47 am

    Thanks for hosting the carnival!

  8. TDG on June 13th, 2007 2:47 am

    Thanks for hosting this week. A job well done. Nice stuff to read given all of our Alberta rain over the past few days!!!

  9. Tom Hanna on June 13th, 2007 2:47 am

    What, no trackback? :) Great stuff. I was able to link Madame X’s eight rules on my real estate blog. And I’m definitely glad I read the results of your image experiment with Adsense.

  10. Jon on June 13th, 2007 2:48 am

    Thanks Tom…sorry no trackback. If I would have known what I was getting into when I decided to code this myself, I certainly would have used WordPress. I thought a blog was just a bunch of stories grouped in categories…ugh. I have had the thought of releasing it as opensource and seeing if anyone else will work on it. There aren’t any other blogging platforms written in Microsoft code that I know of. I really liked Madame X’s article too, very well written.

  11. Steve on June 13th, 2007 2:48 am

    Nice post. Linked from my new blog…

  12. hgstern on June 13th, 2007 2:48 am

    Nicely done! Thanx for your hard work on this week’s Carnival!

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