Carnival of Financial Planning — August 29, 2013
BUDGETING AND ECONOMICS
Robert @ Kids Ain’t Cheap writes How We Saved Money On Our First Family Car – When we shopped the car dealership, we couldn’t believe how expensive everything was. Still, we wanted to buy new because we planned to keep the car for years and years. Using these strategies, we kept the price of our new car affordable:
Michelle @ Making Sense of Cents writes What percentage is housing in your budget? – Right now, our housing costs (mortgage, insurance, property taxes, maintenance, etc.) total a very low percentage of our monthly after-tax income. It is less than 10%, which is a great feeling. When we first bought our house, our housing costs were around 30% to 35% of our monthly after-tax income, and it was very hard at that time to deal with our high budget and low-income.
CAREER AND INCOME
Nick @ A Young Pro writes Millennial Career Advice – Career advice for Millennials from the brightest minds on the interwebs.
Jimmy @ Finance Romance writes Climbing the Greasy Pole – Working your way up the ladder? Start here!
Jessica Moorhouse @ Mo’ Money Mo’ Houses writes Sticking to Your Guns & Following Your Passion – Life as an adult is never easy, especially when you don’t know what career path you should go down. During my job search in Toronto over the summer I’ve realized that above all else, you need to listen to your gut, stick to your guns, and follow your passion.
krantcents @ KrantCents writes College Confessions: How College Students Save – The cost of attending college has skyrocketed since the early 1980s. For both public and private not-for-profit institutions, tuition has escalated more than 2.5x from the year 1980. Where the average cost of a public university in 1980 was $5,938 annually, it is now more than $14,000 annually.
Ryan @ Cash Money Life writes Forget about Lying on Your Resume: Would You Hire a Fake Reference? – Lying on a resume is bad enough. But what about hiring a fake job reference? This growing trend can cause much more long term harm than good. Learn why.
S @ Grad Money Matters writes How to Make Money as a Freelancer – Are you interested in becoming a freelancer? Maybe you want to work for yourself and not someone else anymore. Or, maybe you are looking for ways to make additional side income.
Buck Inspire @ Buck Inspire writes What’s Wrong With A 21 Hour Workday Tim Ferriss? – With everyone getting on the 4 Hour Workweek bandwagon, I thought it would only be fair to support the other side of the equation. It would be insane to regularly work almost three shifts in a day. But when you know what hits the fan, you have to answer the call as an employee.
DEBT AND CREDIT
John @ Cough Up The Dough writes Get a Credit Card even with Poor Credit – Poor Credit Rating? You could still get a credit card. Here’s how
Tony @ We Only Do This Once writes A Beginner’s Guide to Menu Planning – After two years of our journey to get out of debt and pare down my expenses, my wife and I have found that we have mastered our budget. Well…almost. We have cut our grocery bill down significantly over the past year for our family of four, but we decided this week to one-up ourselves and menu plan for one week.
JP @ My Family Finances writes 5 Signs on How to Find a Good Online Lender – Below, you will find five signs of a good online lender. These are the types of things that you should look for in the lender that you use.
Jon Haver @ Pay My Student Loans writes Best Places to Live After College to Pay Off Student Loans – Many people wait far into their 30’s or even 40’s before they began paying the loans back and end up paying large amounts of interest and late payments for doing so. You must pay them off early! That should be your goal. Some are concerned with their living situation and are not sure if they can pay rent and loans.
Carrie Smith @ ReadyForZero Blog writes How Do Car Loans Affect Your Credit Score? – Different types of debt affect your credit score – do you know where car loans fit in? Read this blog post to find out how car loans affect your credit score!
INVESTING AND SAVING
John S @ Frugal Rules writes Investing in Stocks: Are You a Trader or Investor? – There are various strategies investors can implement in the stock market yet many do not stop to think which is best for them. This lack of preparation can significantly undermine their investing efforts and hinder their attempts to grow wealth.
Thomas @ Finance Inspired writes Santander and Funding Circle in Bed Together? – A new merger mooted…a good move? or not?
Michael Kitces @ Nerd’s Eye View writes An Alternative Reason Good Investment Managers Struggle To Persist – Research has long shown that even successful active investment managers struggle to persist, but is it really because there are no great managers, or simply because at some point they no longer have the career incentive to keep trying?
Maria @ The Money Principle writes You want a new car? – In this article we discuss the pros and cons of various purchase options for a new car.
Tushar Mathur @ Everything Finance writes Are You Really Living Within Your Means? – Do you take the time to budget? If you do budget, do you stick to that budget? If you answer yes to the first question, congratulations, you’re ahead of
Amanda L Grossman @ Frugal Confessions writes How We Fed Our Family of Two on $288.78 Last Month – A reader emailed me concerned about the amount of money her family spends on food. So we experimented and this is what we came up with.
Wayne @ Young Family Finance writes Fixing Your Past Financial Mistakes – We all make financial mistakes. It’s what we do after to fix them that counts. What you need to do now to fix the mistakes of the past.
Crystal @ Budgeting in the Fun Stuff writes I Want to Cry: The $12,000 Dental Bill – Long story short, we just spent about $5500 total on my husband’s teeth and have another $6500 to go. I want to cry.
Lauren @ L Bee and the Money Tree writes How I moved to NYC with only $300 – Here is how I moved to NYC with no money and only a handful of connections.
IMB @ Investing Money writes Where to Find Investing Opportunities – Looking for new investment opportunities? Look no further! Read here for great tips on where you can find new opportunities in investing.
Jacob @ AllPersonalFinance writes Sneaky Tips To Save The Most Money When Planning On A Child – Planning for a baby is exciting. If you already have children, you know pregnancy and the baby’s first year go by fast. When your baby is born, you will be rushed with paperwork, newborn picture packages and cord banking information. When you plan ahead, you can afford to buy the cute things you see in.
Mrs. Accountability @ Out of Debt Again writes How Selling Your Home Quickly Can Help You Avoid Debt – It’s often been said that there’s nothing more satisfying than owning your home.
LaTisha @ Young Finances writes What is Your Area of Financial Strength and Weakness? – While, it’s important to manage your money wisely, some people have a harder time than others. Then there are those that seem to make money easily.
Tushar @ Start Investing Money writes Is it Really Worth Investing Small Amounts of Money? – Most of us realize it is smart to invest money. However, some people believe that unless they can invest large amounts of money it isn’t worth bothering in the first place.
Robert @ The College Investor writes How to Start a Business with Friends – Starting a business can be difficult, but it does not have to be impossible, and you do not have to go it alone. If you are serious about starting a successful business, you should start a business with your friends.
MMD @ IRA vs 401k Central writes Comparing a Pension vs 401k – What Are the Differences? – When you compare a pension vs 401k, there are lots of benefits and pitfalls to consider from each side. This post will explore all the major differences.
Mike @ Annuity Rates HQ writes 4 Important Risks at Retirements Solved By Annuities – Unfortunately, there are several risks a retiree must face. Most of them are related to financial matters and can be solved with a little planning. For example, annuities can answer many of your retirement concerns.
DW @ No Exam Life Insurance Guide writes The No Medical Life Insurance Plan – A Hassle-Free Alternative – Looking for a plan without all the hassle? You’re in luck! A no medical life insurance plan is your time-saving solution to avoid going to the doctor.
Harry Campbell @ Your PF Pro writes Citi vs Chase Checking Comparison – Who Wins? – This is the third and final article in my series comparing Citi and Chase Checking accounts. To recap: since I have my mortgage with Citi, I was able to sign up for their mid-level Citibank Account Package and avoid fees. With Chase, I signed up for their lowest level Chase Total Checking and maintained a $1,500 balance to avoid fees. Since I use Ally as my primary banking source, I’m really only looking at Citi and Chase as a secondary banking option for whatever emergencies might come up.
Matt Becker @ Mom and Dad Money writes The Real Risk of Investing in the Stock Market – Investing in the stock market carries with it a very large risk, one that is rarely talked about in the financial media. Today I want to address that risk head-on so we can all understand exactly what we’re getting into when choosing to invest in the stock market.
Barbara Friedberg @ Barbara Friedberg Personal Finance writes Is Conventional Investing Wisdom Completely Wrong? Risk Less and Prosper – Lifecycle investing assures you won’t outlive your retirement assets. Find out what Zvi Bodie and Rachel Taquu recommend.
RISK MANAGEMENT AND INSURANCE
Minimalist @ Minimalist Finance writes Alternatives to Passenger Vehicle to Cut Costs – Alternatives to Passenger Vehicle to Cut Costs has been published on Minimalist FinanceThere are many expenses related to operating a passenger vehicle. You have to pay for the cost of the vehicle itself, as well as gas, maintenance, insurance, and any incidentals. They all add up to make transportation one of the biggest budget eaters for many families.
REAL ESTATE AND PROPERTY
Kyle @ The Penny Hoarder writes Can You Make Money Flipping Used Cars? – You’ve probably read about “flipping” houses in the real estate market. There are many success stories of consumers buying old homes, quickly renovating them, and reselling them at a profit.
Brent @ PersonalFinance-Tips writes Budgeting- Before, During and After a House Move – A house move is an exciting prospect for a family- after a long wait and months of planning, you’re moving into your dream home. However, along with being a beautiful dream being realised, a house move also means heavy financial constraints for long.
Pauline @ Make Money Your Way writes How to analyze a property as an investment – This post is going to share my method for finding the best needles in the real estate haystack.
RETIREMENT AND TAXATION
ETZ25 @ Entertainment Timez writes Starting Up A Roth IRA For Kids – My son now has earned income and we are starting up a Roth IRA for him to participate in. Read why are are starting a Roth IRA for Kids!
Derrick @ writes Let Uncle Sam Help You Save Money – The best way to save money you ask? Why not paying taxes! See some easy ways to claim a couple more deductions come April
Little House @ Little House in the Valley writes Could You Outlive Your Retirement? – According to a post by Retire By 40, most people barely have enough to retire on as it is let alone lasting them 25 or more years. The stats are shockingly dismal, but if there’s even a half-truth in them it means most people will out-live their retirement well before their demise.Tags: capital gains taxes