Financial Planning Articles this Week
Carnival of Financial Planning – Money Management Edition #243 – June 29, 2012
Welcome to the June 29, 2012 Money Management Edition #243 of the Carnival of Financial Planning.
This edition is arranged by subject heading, so that you can browse efficiently.
Enjoy!
The Skilled Investor, Editor
Budgeting and Economics
Liana presents Prepaid Cards Report – 2012 posted at Card Hub, saying, “Whatever the scenario – alternative checking account, financial education tool (child’s allowance), or even alternative check cashing tool- prepaid cards are rapidly gaining attention. If this is an option you or someone you know has been considering, then you should research it carefully – here’s a breakdown of the pertinent information.
Dave presents The #1 Cause of Financial Conflict posted at Financial Conflict Coach, saying, “It doesn’t take much to plant the seed for conflict. In fact, roughly 90% of conflict, financial or otherwise, is caused by the same thing.
Janet presents Expense budgets posted at Independent Financial Planner , saying, ” Many people do not track their living expenses and do not understand the magnitude of their consumption.”
Jeremy presents Why I Don’t Want A Smartphone posted at Modest Money, saying, “Ok I admit that part of me does really want a smartphone, but I am just not willing to get one right now. With my current situation, the negatives simply outweigh the positives.
Financial Planning
J.P. presents Free Online Checking Accounts posted at Novel Investor, saying, “Not all banks have adopted the new practice monthly fees and some of the best deals can be found with free online checking accounts.
Mike presents Personal Financial Goals Follow-up posted at The Financial Blogger, saying, “A look at my financial situation.
Wayne presents How to Save Money when Traveling posted at Young Family Finance, saying, “The past few weeks have been really busy with my family. My wife and I have been going to weddings left and right, as well as taking our annual vacation.
Luke presents Avoid This Common Mistake: Bond Funds are Not Only About Income posted at Learn Bonds, saying, “Although most investors in bond funds focus on Yield, there are actually 4 components to a bond fund’s return. Those who focus only on yield are missing the big picture, and could lose money as a result. The most important number is the fund’s total return, which is made up of the following 4 components!
Don presents You Don’t Have to Be Rich to Give Back posted at MoneySmartGuides, saying, “When thinking about giving to charity, there is a misconception that you need to have money in order to donate. This is not true. You dont have to donate money. You can donate goods and time as well.
Maria presents There is nothing wrong with quitting; but you have to know what to quit and why are you quitting posted at The Money Principle, saying, “We consider persistence important but it is even more important to decide what to quit and when to quit. The dip provide a reference frame.
Don presents Alpha Returns posted at Wall Street Financial Engineering , saying, “For typical individual investors, without special access to information, it offers what is likely the best financial advice they will ever get: It is hard to consistently beat the market, especially after fees. A passive strategy will do better in the long run. ”
Kyle presents 9 Ways for Slackers to Make Money Playing Games posted at The Penny Hoarder, saying, “Nothing is better than making money from something you already love doing and after two years of writing for this blog, I’m starting to believe it’s possible.
Wally presents Best Fixed Income Fund posted at Bond and Fixed Income Funds, saying, “Even professional bond market money managers do not beat the bond market.”
Aloysa presents Battling Shopping Addiction: Making Behavioral Changes posted at My Broken Coin, saying, “Do you have Shopping Addiction? Learn how to Battling Shopping Addiction by making behavioral changes.
TSI presents Fund manager performance posted at Skilled Investor , saying, ” If investment mutual fund managers were truly skilled at beating the market, then you would expect mutual fund manager performance prowess to persist over time. ”
Crystal presents Mr. BFS Grabbed a New Hobby Job posted at Budgeting in the Fun Stuff, saying, “The decrease in business has left us with some unexpected free time. Mr. BFS and I started looking into ways of monetizing that time.
YFS presents Why Mint isn’t better than Yodlee posted at Your Finances Simplified, saying, “While Mint is touted as one of the better online financial aggregators, it is not the best option for everyone. Yodlee.com is!
Astrid presents Life After College: Recent Graduates Guide to the Real World posted at CreditDonkey.com Tips, saying, “Congratulations recent graduates, you’ve made it! Now welcome to the real world and a whole new set of issues.”
Income
Martin presents How You Can Survive When Your Passion Doesn’t Pay Jack posted at Studenomics, saying, “How do you pay the bills when your passion doesn’t make any money?
Mike presents Should You Buy a Nice Car? posted at Experiglot, saying, “We look at the pros and cons of a nice car purchase.
Emily presents Obligations on Your Side Hustle Money posted at Evolving Personal Finance, saying, “When you make income on the side, do you immediately apply the same rules and obligations to it that you have for the rest of your income?”
Eddie presents No Degree? No Problem! 8 Six Figure Jobs That Don’t Need A Degree posted at Finance Fox, saying, “There are many people who do not participate in post-secondary education, and still become successful earning six-figure incomes.
Insurance and Risk
Jeff Rose presents Level Term Life Insurance Rates posted at Life Insurance By Jeff, saying, “Those who think it may be too expensive or difficult can get can rely on level term insurance. This type of insurance has no surprises. The premiums stay the same for the entire time you have it, meaning you can work it around your own life. You also choose the amount of time you are covered, which can be renewed if you make it to the end. It is a great choice for those who want to know what they will be spending and be able to work it into their life.
Lawrence presents ID theft protection posted at Best Financial Planner, saying, “As a threat to your financial security, you should take the potential for identity theft very seriously. Identity theft sometimes entails a loss of your money, but whether or not you lose money, it can take a very large amount of your time to rectify.”
Hank presents Why Every Renter Needs Renters Insurance posted at Money Q&A, saying, “Every renter should have and needs renters insurance. Renters insurance is far too cheap and covers too many of your personal possessions not to protect yourself.
Investimg
FamilyMoneyValues presents Dad’s Stock Investment Plan posted at Family Money Values, saying, “Sharing my Dad’s structured stock investment plan.
Teacher Man presents TFSA vs RESP Contributions posted at Young And Thrifty, saying, “In the past we have compared RRSP and TFSA accounts, and RESP vs RRSP accounts, so today we’re going to do a head-to-head comparison of TFSA vs RESP contributions.
Pinter presents No Load Bonds posted at Cheap Bond Funds, saying, “Investment research overwhelmingly shows that lower cost fixed income funds tend to yield higher bond investing returns.”
Div Guy presents Can You Afford 7% Interest on Your Debt? posted at The Dividend Guy Blog, saying, “We look at interest rates and the role that they play.
Sicorra presents Tips for Couples Traveling on a Tight Budget | Tackling Our Debt posted at Tackling Our Debt, saying, “If you are a couple living on a tight budget is it still possible to travel and enjoy yourself? You bet it is! Check this out to learn how.”
Parker presents Index Funds posted at Preferred Funds, saying, “Some mutual funds and ETFs must be better than others, but which ones are they? How can you tell before the fact?”
Dr. Dean presents Extra Money: What’s Holding Me Up? posted at Dr. Dean’s TheMillionaireNurse.com Blog, saying, “Refinance and put extra money in your pocket! What’s not cool about that? So why haven’t I refi’d yet?”
Habeeb presents Yacktman Mutual Fund (YACKX) posted at Dividend Paying Mutual Funds, saying, “The Yacktman fund has $7.4 billion in assets under management and is a Gold 5 star rated fund by Morning Star. 86% of the fund’s assets are invested in large cap blue chip American companies and 12% is held in cash to take advantage of market buying opportunities. If you had invested $10,000 in this fund in 06/24/2002, your portfolio would be worth $26,921 as of 06/24/2012.”
Managing Debt
Joe presents 4 Reasons not to pay off your credit cards with your 401k posted at Personal Finance By The Book, saying, “When you see that money sitting in your 401(k), it can be easy to think about tapping into it to make that credit card debt disappear – but these are a few reasons why you may not want to.
Jessica Bosari presents 3 Ways to Stop Paying for Your Credit Score | savingtools.com posted at SavingTools.com, saying, “The terms credit report and credit score tend to be used interchangeably, but they are really two different things. Your credit report is a laundry list of your financial specifics, while your credit score is a number that gives creditors a quick snapshot of what kind of credit risk you are.”
Real Estate
SFB presents Is It Worth Holding Out For Your Home’s Asking Price? posted at Simple Finance Blog, saying, “$5,000 isn’t chump change – but it’s not the whole picture when trying to figure out whether to drop your asking price when your home’s on the market.
Philip presents My First Rental Property posted at PT Money Personal Finance, saying, “In this post, I share the details of my townhouse that we are turning into a rental property for a community discussion on whether or not it’s a good investment. The comments are enlightening, too.
Sean presents Mortgage Lender vs Mortgage Broker posted at One Smart Dollar, saying, ” What is the difference between a mortgage Broker and a mortgage lender?
Steve Faber presents Selling Your Home – How to Get Top Dollar, Fast posted at Homes For Sale, saying, “A few things can make all the difference when you’re selling your home. You can easilly get 2 – 5% more for your home, and make it sell faster by doing the right things before you put it on the market.”
Retirement
Jon the Saver presents Things to Consider When Opening a Roth-IRA posted at Free Money Wisdom, saying, “There are some things you need to consider before opening a new Roth-IRA account. With this new knowledge, you can be confident in a new account.
Glen Craig presents Roth IRA Contribution and Income Limits for 2012 posted at Free From Broke , saying, “The Roth IRA is a great investment tool to help you save for retirement. But unfortunately there is only so much you are allowed to put into it every year. See the 2012 Roth IRA contribution and income limits.
Franklin presents Traditional and Roth IRA posted at Retirement Planning , saying, ” Many taxpayers puzzle over whether to contribute to traditional versus Roth tax-advantaged retirement plans. For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”
Bob presents How much should I contribute to my 401k? posted at Christian Personal Finance, saying, “We all like rules of thumb, don’t we? They reduce the complex to something simple. No where does this feel better than when it comes to saving for retirement. Just give me a number to shoot for and I’ll make it happen! If only it were that simple.
Savings
Theresa Torres presents How to Stretch Your Food Budget posted at Awesome Cuisine, saying, “Want to cut back on your monthly food expenses? Let’s look at the ways you can give your family healthy meals and save hundreds of dollars at the same time.”
Kevin presents Cut Your Own Hair and Save $240 a Year posted at Thousandaire, saying, “You can save a bunch of money by cutting your own hair instead of paying someone else to do it.
Taxes
Danielle Dixie presents Do You Qualify For Tax Credits? posted at Tax Credits, saying, “If you work but are on a low income then you may qualify for Working Tax Credits. Our guide looks at the two main types of tax credit and when you qualify for them.”
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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Tags: economics
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