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Financial Planning – Money Management Edition #225

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Best Articles this Week from Personal Finance Blogs

Carnival of Financial Planning – Money Management Edition #225 – February 24, 2012

Welcome to the February 24, 2012 Edition #225 of the Carnival of Financial Planning.

The Carnival of Financial Planning — Money Management Edition 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.


The Skilled Investor, Editor

Budgeting and Economics

Jester presents Why I Prefer Online Purchases posted at The Ultimate Juggle , saying, “Shopping online offers many benefits. Find out how online shopping can save you time and money.”

Justin presents Tax Refund, What Are You Planning to Do with It? posted at Money Is the Root , saying, “Traditional personal finance wisdom is that tax refunds are bad. If you are getting a tax refund then you must have done something wrong. But you know what, I don’t care about that! I’ve gotten a tax refund every year of my adult life, and I’ve smiled every time.”

Estate Planning

Marie at Family Money Values presents Settling an Estate? Learn How to Make Your Job Easier posted at Family Money Values , saying, “Have your parents designated you as their estate executor – or perhaps their successor trustee – or both? If so, you have my condolences. Settling an estate is a lot of work. But, you can work now – while your parents are alive, towards making your job as executor less difficult when the time comes.”

Financial Planning

Joe Morgan presents Why A Mortgage Loan Without PMI Is A Bad Idea. posted at Simple Debt-Free Finance, saying, “Private mortgage insurance is one of those things homeowners love to hate, but some banks offer mortgages without it. Here’s why I think mortgage offers without PMI are a bad idea.”

Bill Smith presents Early Bird Gets the Worm: Planning for Retirement in Your Twenties posted at 2009 Tax, saying, “Thinking about the time when you give up work can never start too early.”

Dana presents Save Money by Sharing a Nanny posted at Not Made of Money , saying, “If you need full-time childcare, you may be shocked by the cost. When I worked full-time and my husband went to school full-time, we discovered quality care in our area outside a large city would cost approximately $900 a month. If you look into hiring a nanny, the cost is usually higher.”

SFB presents The Dark Side of Automatic Payments posted at Simple Finance Blog , saying, “While I still use online billpay to pay my accounts, all it took was one major accident for me to swear off automatic payments.”

Teacher Man presents Don’t Let Financial Anchors Weigh You Down posted at My University Money , saying, “In my last article, we explored how our fear of regret could inhibit us from taking action. Let’s stay on the same psychological path but change things up a bit. Instead of focusing on our tendency to do nothing, let’s look at something that influences our minds when take action. Go ahead and grab your Erlenmeyer flask, it’s time for an experiment.”

Financing a Home

KT presents How Do You Know When a House is Right for You? posted at Personal Finance Journey , saying, “Looking for a house is often as frustrating as it is exciting. You want to find the perfect house for you and your family, but how do you know when youve found it? How do you know what you can afford? The second question is often easier to answer than the first.”

Little House presents How Much House Can You Afford? posted at Little House in the Valley , saying, “With interest rates at an all time low and housing prices stagnating, now is a great time to buy a house for the right person.”

Financing Education

Cash Flow Mantra presents FAFSA Fun for the Weekend posted at Cash Flow Mantra , saying, “If this time of year and income taxes wasn’t enough fun and excitement for you, it is also that time of year when students planning for college in the fall (but more likely their parents) get to fill out the Free Application for Federal Student Aid, also known as the FAFSA.”

Financing Healthcare

Khaleef @ KNS Financial presents Should We Get A Gym Membership? posted at Faithful With A Few, saying, “Cancel a gym membership. Sounds easy enough, right? Unfortunately, many people fall victim to scams and end up losing money. Learn how to properly end your contract, and also help us decide if we should start one!”


FG presents How the Federal Minimum Wage Crushed the Economy of American Samoa posted at Financial God , saying, “Most people probably have not heard of American Samoa, or what has been happening there. It is a small island located tens of thousands of miles away from the continental United States, and has a small economy with a high rate of unemployment and a low level of income per capita.”

Jon Rhodes presents How To Make Money From Your Hobbies posted at Affiliate Tips , saying, “This article gives you many ideas on how you can make some money from your hobbies.”


Mike presents Dragon’s Den & Venture Capital posted at The Financial Blogger , saying, “What’s your plan to borrow money?”

Dan presents Apple Expected to Announce Dividend in 2012 – Finally! posted at High Yield Edge , saying, “Investors may soon be getting a chance to take a bite out of a juicy dividend payment. See what’s driving the pressure on Apple to issue one and how big it may be.”

Div Guy presents Grow Your Stocks With $0 posted at The Dividend Guy Blog , saying, “A strategy you need to try.”

Justin presents Key Difference Between Money Market and Mutual Funds posted at Budget Snob , saying, “There are some key differences between money market funds and mutual funds. Knowing these differences can help you choose which fund is right for you to put your money in.”

Kevin presents The Importance of Buffering Your Life posted at Invest It Wisely , saying, “An important lesson that I have learned recently is: the importance of buffering. I wasn’t always a big believer in emergency funds,and even today I believe that emergency funds, while useful, are not adequate. Perhaps the truth is that “emergency fund” is a misnomer. Better to call it “savings buffer’, which is what it really is.”

Managing Credit and Debt

Jon the Saver presents Credit Sesame Free Credit Score Review posted at Free Money Wisdom , saying, “Don’t you hate those supposedly “free” credit report companies trying to reel you in to buy other services? Do you just want the down and dirty about your credit report? I just want my credit report number and move on with my life. In all of my searching, only one company does this completely free and hassle free. Credit Sesame to the rescue! It really is the best way to get your credit score.”

N.W. Journey presents 5 Mistakes People Make When Paying Off Debt posted at Networth Journey, saying, “Instead of telling you what to do, I’ll tell you what not to do when getting out of debt.”

Jeri Ford presents The Business Card Denial: Lessons Learned for Non Income Earning Spouses posted at Help Me Travel Cheap, saying, “A non-income earning spouse may have a harder time getting approved for a credit card.”

Craig Ford presents Debt is a Symptom: How to Diagnose and Prescribe a Debt Solution (No Degree Required!) posted at Christian Debt Coach, saying, “Discover the true causes of your debt crisis.”

Kyle presents The 10 Weirdest Investments on Lending Club posted at The Penny Hoarder , saying, “Last week I wrote about how you can earn 17by laning money to couple on Prosper.com that is trying to adopt a baby. Well, not to be out done, LendingClub.com just sent over a list of some of the weirdest loans that their members funded last year. Its a pretty great list…”

Tushar presents Anonymous Banker on SBA Loans posted at Small Business Resource , saying, “Joe Nocera has a blog in the New York Times called Executive Suite, and can also be heard on NPR. He has had what he calls an Anonymous Banker writing to him. Todays Topic:Why Are S.B.A. Loans Disappearing?By Joe NoceraAnonymous Banker, who is fast becoming Executive Suite’s new best friend, is back, this time with a first-hand explanation about why banks aren’t making small-business loans.”

Corey presents Jobs in College – Part 1 posted at 20s Finances , saying, “Are you looking for a job in college? Many of the best jobs in college are hard to get, leaving you fighting for a few extra bucks while in college. We all know that it is hard to graduate from college without debt and finding a job in college is one of the best ways to avoid it. Have you ever wondered what the best jobs in college are? Or maybe how to get them? “


John presents Thought Leader: What Makes One? posted at Married with Debt , saying, “A thought leader is someone who seeks to help people by changing the way they think.This empowers you to solve future problems on your own. ”

Corey presents Should the Fed be Fighting Deflation or Inflation? posted at Steadfast Finances , saying, “The economy isn’t as predictable as many would make it seem. Find out whether inflation or deflation is worse.”

Suba presents The Fork In My Husband’s Career Path posted at Broke Professionals , saying, “My husband’s found himself having to choose between two career opportunities: one that will result in better pay, and another that could lead to better jobs.”

Amanda L Grossman presents True Acceptance of Your Circumstances and Your Finances posted at Frugal Confessions , saying, “The funniest thing happened to me the other day. While standing in line at a Subway I looked out of the window into the parking lot long enough to see someone drive away with my car! Needless to say I was shocked!”

Aloysa presents 50 Things No One Told Me About America posted at My Broken Coin , saying, “Twelve years ago I arrived to the Salt Lake City International Airport with broken luggage it was duct taped all over to hold my precious possessions in hand, and two hundred dollars in my wallet. I came to America with great expectations and hope for a better future. I had a very vague idea about what it was really like!”

Andy presents Retiring to Panama posted at My Retirement Blog , saying, “Youre looking for somewhere warm to retire but you dont have much money. Instead of Florida or Mexico, consider another spot, instead Panama. We spent two weeks driving around this lovely country last year, staying at hotels, B&Bs, and even a beachside resort. What we discovered surprised us: both good and bad.”

Shaun presents Financial Reasons to Get Rid of Your Junk posted at Smart Family Finance , saying, “You need to realize that the more stuff you have, the larger the costs above will grow. As stuff accumulates so does the cost of keeping all that stuff.”

A Blinkin presents How Do You Judge Value? posted at Funancials , saying, “If you have been following Funancials for an extended period of time, you have noticed the direction of my articles have changed. I used to focus primarily on numbers. Numbers don’t lie. Numbers make sense; and numbers are black and white. There is a problem in viewing financial decisions with this binary code approach. ”

Luke presents Is The US Economy Recovering? The Market Says YES! posted at Learn Bonds , saying, “Stocks were up big today. All three major stock indexes were rose between 0.96 percent and 1.51 percent. The DOW had a triple digit gain rising 123 points. Is the economy recovering? YES!”

Nick presents A fun way to frame the “want” versus “need” debate posted at Step Away from the Mall , saying, “This is an agry little post about framing the wants versus needs debate. At the end it offers a fun (but not perfect) little way to help determine if your next purchase is truly a need.”

Retirement Planning

MMD presents Are We Fools for Saving Our Money? posted at MyMoneyDesign , saying, “Is there a chance all the money we’re saving for retirement someday could be worthless? “Rich Dad Poor Dad” author Robert Kiyosaki thinks so and has some alternative ideas for becoming rich!”

FMF presents $4 Million Not Enough to Retire on If You’re Young posted at Free Money Finance , saying, “It used to be that a million dollars was enough to retire. Now, if you’re going to retire in 30 years, $4 million might not be enough. Man, I hate inflation!”

Risk Management and Insurance

Daniel presents What Makes More Sense – High Insurance Premiums or a High Deductible? posted at Sweating the Big Stuff , saying, “The decision about whether to take a risk with a high premium insurance plan or a high deductible insurance plan is a tough one. Here are some tips.”

Eddie presents Dear Insurance Agent, I Wish my Car Insurance Was Cheaper! posted at Finance Fox , saying, “We’ve been together for well over 7 years, and with no major infractions. Honestly, I’ve been a really solid client. Just ask my driving record. I know you’re not a magician, and I don’t expect you to make magic happen, however I’d like a cheaper auto insurance quote.”


Kay Lynn presents It Is America Saves Week: Tips To Save Money without Feeling the Pinch posted at Bucksome Boomer , saying, “Here are some tips to save money without shelling out the dollars from your budget or making changes to your current lifestyle. ”

Laura Edgar presents NerdWallet’s Top 10 High-Yield Savings Accounts for the Digital Age posted at NerdWallet , saying, “A review of the nation’s top 10 online, high-yield savings accounts. From the article: “The rumors are true: savings account interest rates are at an all-time low. Just looking at big bank accounts, you might well think that your best course is the tried-and-true mattress method. The numbers would bear you out: as of February 21st, 2012, the national average is 0.10%. But don’t give up on high-yield savings accounts just yet. You can earn up to 10 times the national average just by looking online.”"

SavingMentor presents Save Money Using Long Distance Providers posted at HowToSaveMoney.ca , saying, “There are essentially three types of long distance providers that you might consider using and that is what this guide is all about.”


LaTisha presents How to Do Your Taxes on the Cheap posted at Financial Success for Young Adults , saying, “What you need to know about filing your taxes on your own. Do your taxes with TurboTax or other online tax programs and save money filing taxes.”

Jason presents Understanding Taxes: Tax Deductions posted at Work Save Live , saying, “A couple of weeks ago I wrote about the first step in understanding taxes: knowing which tax bracket you fall in. The next part of understanding taxes is to learn about TAX DEDUCTIONS! What is a Tax Deduction? A tax deduction is different from a tax credit.”

YFS presents Tax Deductions and Tax Credits Debunked posted at Your Finances Simplified , saying, “Tax deductions and tax credits are similar, but they are not the same thing. As we approach tax season, it is good to know the difference when you go into the accountant’s office.”

Charles Chua C K presents Are You Ready For a Tax Audit? posted at All About Living with Life.

Philip Taylor presents Tax Preparation Checklist 2011 posted at PT Money Personal Finance , saying, “A post that helps readers ensure that they are prepared for the tax season.”

SB presents The Pro’s and Con’s of Preparing Your Own Taxes posted at One Cent at a Time , saying, “The author explains pros and cons of preparing your own tax return. The things to consider before think of doing it alone. “

DeWitt Dudley presents The Top Five Asset Protection Strategies For The Owners Of A Closely Held Business posted at Law Offices of Givner & Kaye, saying, “The owners of a closely held business that is operated as an “S” corporation may be the targets of lawsuits that will drain their insurance policies, that may even exceed the limits of their insurance policies and that may cause them sleepless nights. What steps should these business owners take so that if something goes wrong, they will not lose all or most of the assets that they have worked so long to accumulate?”

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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