July 12 2007 Edition of the Carnival of Financial Planning

Carnival of Financial Planning - July 12, 2007 Edition

Welcome to the July 12, 2007 edition of the Carnival of Financial Planning.

The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security. This edition is arranged by subject heading, so that you can browse efficiently.

Enjoy!

The Skilled Investor

Every publication needs comics

Madeleine Begun Kane presents Money Limerick Contest Results - And The Winners Are? posted at Mad Kane’s Humor Blog.

Budgeting

Marc and Angel presents A House or A Car… Which Should I Buy First? posted at Marc and Angel, saying, “You graduated from college, landed a good job, and have been diligently saving money for awhile now. Your car is getting old and pretty soon you are going to need a new one, but you also have the desire to be a homeowner. Should you buy a new house or a new car first?”

Debt Management

Josh presents Beware of Store Branded Credit Cards posted at My Credit Scores, saying, “Store branded credit card specials like “make no payments for a year” or “pay no interest for a year” can be very appealing, which is what the specials are engineered to do. But what most people don’t know is that there is a catch 22…”

Tim Ramsey presents Reduce Credit Card Debt Quickly posted at My Debt Relief Blog, saying, “I always start in the same place no matter what, Stop Using Your Credit Card. This is a massive way you can start to reduce credit card debt quickly, it isn’t rocket science to realize that by continuing to use your credit card is going to plunge you deeper into debt than you already are.”

Marc and Angel presents When Buying a Car with a Credit Card Makes Cents posted at Marc and Angel, saying, “We just purchased a brand new car (Honda Accord Coupe EX-L) on a credit card. You think we’re crazy? Think again. We instantly saved ourselves about $500!”

Aaron Wakling presents Boat Show Financing - Never, Ever Use It posted at The Credit & Credit Card Blog, saying, “When buying a boat, used or new, cash is always better than financing. You can save money with cash, as there are no finance charges. Financing charges can get high, very high in fact if you don’t know a lot about it.”

Estate Planning

Eric Hudin presents Smart Estate Planning Strategies for Average Joe posted at My Estate Planning Career Blog, saying, “The basics of estate planning are things you can do on your own and you do not necessarily need estate planning lawyers to help you.”

Financial Planning

ISPF presents $5K in “Extra” Savings: Narrowing down the options we have posted at Grad Money Matters.

Moneywalks presents Ways to Avoid Procrastination posted at moneywalks.

Financing a Home

Tushar Mathur presents Buying a New Construction Home: Do I need a realtor ? posted at Life of a Resident Alien….

MoneyNing presents The Ridiculous Housing Award Goes To… posted at Money Ning, saying, “Not the best home purchase you will make!”

Tushar Mathur presents How much should your Monthly Mortgage Payment be ? posted at Life of a Resident Alien….

Financing Education

Scott presents 11 Best Student Jobs to Have in College posted at College and Finance.

Income

FMF presents Six Steps that Will Get You a Raise posted at Free Money Finance, saying, “Get a raise — it’s a key part of making the most of your greatest financial asset (your career.)”

Thomas Humes presents Wealth Creation- Don’t Start With the Wrong Concept of Wealth posted at Wealth Building World, saying, “If you think wealth creation is all about trying to save more money, trying to cut down on your spending, and budgeting then you are very wrong.”

Investing

WBL presents Is It A Good Time To Invest In Real Estate? posted at Adventures in Money Making, saying, “Is It A Good Time To Invest In Real Estate?”

Cade Krueger presents Avenues And Successful Tactics To Get a Business Loan posted at Write To Right, saying, “Finding people to assist with your financial wealth takes a lot of patience and preparation. This article gives you some good tips on how to get some help to start a business and secure your financial wealth quickly.”

ChristianPF presents 9 Tips from Warren Buffett posted at Money in the Bible | Christian Personal Finance Blog, saying, “Nine tips about investing, business, and life from the world’s greatest investor.”

WBL presents Is Sears the Next Berkshire Hathaway? posted at Wealth Building Lessons, saying, “Wealth Building Lessons discusses reasons why Sears may be the next Berkshire Hathaway.”

Trent presents The Difference Between Mutual Funds and ETFs posted at Financial Education.

KCLau presents Why Invest in Land? posted at KCLau’s Money Tips, saying, “Most people think that land investment is only for real estate developers, who buy big parcels of land for commercial, or residential development. But actually, investing in land is one of the sound investment strategies available for common investor, both large and small.”

Allen Taylor presents Investing - Gold Shares - The Leverage Factor posted at Investing World Today, saying, “Investors the world over are constantly evaluating the leverage, risk and potential rewards of their investment decisions. Whether you are an individual investor or an analyst for a large mutual fund, leverage, risk and the pot of gold at the end of the rainbow are always factors to be considered.”

Warren Wong presents Grow Your Pile Of Money posted at Personal Development for INTJs, saying, “Your Pile of Money is shrinking just by keeping it in the bank! Learn to grow your pile of money here!”

Retirement Planning

Josh presents What You Should Know About Retirement posted at The Mad Money Analyst, saying, “When planning for the future, you must consider many variables. Some of us might have children. Some of us might want to travel around the world. Some of us might even just want to find a small, quaint, little town to ride out in a blaze of glory. But if one thing is for sure…”

BrandonL presents Popular amongst the retired crowd posted at FHA Day - Daily Recaps of FHA and HUD Home Loan News, saying, “A reverse mortgage is a popular option to increase retirement income and maintain ownership of your home.”

The Skilled Investor presents Early Retirement for Renters — due to investment cost improvements and higher savings rates, saying, “How much earlier could Fran and Fred retire? They quickly ran a series of scenarios to test some lower retirement ages. They found that roughly an extra year of work during their fifties would “buy” them about an extra four to five years of living expenses during their twilight years in their 90s.”

Savings

Super Saver presents Retirement Saving Challenge - The Power Of Compounding posted at My Wealth Builder, saying, “One of the strategies I use to build wealth is to let compounding work in my favor. The power of compounding with time can yield outstanding results.”

Eric Stanley presents Saving Money - A Top Strategy For Saving Money posted at Personal Finance Blog Articles, saying, “Do you find it difficult to save the money you work hard to earn? If so, then this article aims to help you get on top of your funds and start investing in your future.”

The Skilled Investor presents Pre-retirement savings rates for renters — with and without investment cost improvements, saying, “When Fran and Fred had projected to pay “average” investment costs in their baseline lifetime financial plan, their required annual pre-retirement savings rates were much higher. There is roughly a 6 percentage point difference in their required annual savings rate between the “average” investment cost scenario and the low investment cost scenario. By reducing their investment costs they greatly reduce their savings requirements, yet they could end up at the same goal, which is to have adequate financial assets through age 95.”

Taxes

Kristine McKinley presents How Can Hiring Your Kids Help You Save on Income Taxes? posted at Financial Tips for WAHMs, saying, “Article on the tax benefits of hiring your children in your business. In 2006, you could pay your child up to $5,150 (the standard deduction amount) without either of you incurring a tax liability…”

Miscellaneous

Coach Peter Khoury presents How to Design Your Life posted at InControlCoaching.com, saying, “Planning finances should be a component of a whole life plan: this article will help you develop a life plan.”

Steve Pavlina presents Making Time for the Important posted at Steve Pavlina’s Personal Development Blog.

Arin Vahanian presents Stick to your purpose - and improve the world too! posted at Super State.

Alfa King presents Sweet and Sour posted at Alfa King Memories.

That concludes this edition. Submit your blog article to the next edition of Carnival of Financial Planning using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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