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Carnival of Financial Planning - February 14  2009 Edition

Welcome to the February 14, 2009 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

Budgeting

Pasadena Financial Planner presents Living Expense Tracking Methods posted at Pasadena Financial Planner.

Larry Russell presents Financial Planning Reading List posted at Pasadena Financial Planner.

Economics

Curt presents Will America Decouple From The Global Economy? posted at PennyJobs.com.

Manshu presents How does the Fed create money? | OneMint posted at OneMint, saying, “This article describes the various methods at the Fed’s disposal to create liquidity in the economy, for example - quantitative easing, issuing bonds etc.”

Roshawn Watson presents Lame Defense for $18.4 Billion in Wall Street Bonuses posted at Watson Inc, saying, “It is tremendously disappointing to hear of companies taking bailout funds and then using our money to pay for bonuses. After all, where is the bailout for the typical American worker whose tax dollars are being used to support these bonuses? Even without a bonus, the average Wall Street worker still makes 3-4 times what the average American makes, yet in the midst of a deep recession, Wall Street employees are taking home a whopping $18.4 billion in bonuses.”

Phil B. presents China will have a Short-Term Recession posted at Phil for Humanity, saying, “As a result of China being the first country out of their recession, the price of raw materials and oil will dramatically increase when the rest of the world is still in their recession. Thus, this inflation will keep other countries in their recessions longer.”

Financial Planning

Andy presents Debt Relief Blog posted at Personal Hack, saying, “Debt can really make one’s life a nightmare. Many people get in debt without even realizing it and then wake up one day realizing the consequences”

Shaun Connell presents 5 Principles for Getting Out of Debt posted at Financial Planning, saying, “Advice regarding getting out of debt is everywhere, and the signal-to-noise ratio leaves many dumbfounded. Where to start? You want to get out of debt, but the often-contradictory advice given leads many to paralysis and lack of motivation.”

kathryn presents The Importance of Shopping Local posted at Out of Debt Christian, saying, “Last night I went to a Shop Local rally in my community’s downtown district. Several business owners united to hold the rally in an attempt to make the public aware of just how important it is to shop local. That means buying things and spending money in stores that are locally owned.”

JarheadOnline presents Road to Financial Freedom posted at Outlaw Finance.

Insurance Toolbox presents Why Borrowing against Your Retirement Account Won’t Help Your Financial Situation posted at Fine-Tuned Finances.

jim presents High Interest Reward Checking Accounts posted at Blueprint for Financial Prosperity.

Livingalmostlarge presents My personal finance journey posted at LivingAlmostLarge, saying, “How’d I get into personal finance”

Tushar Mathur presents Investment expert offers 10 tips for surviving the recession posted at Everything Finance, saying, “Wade Slome has led an adventurous life. He started trading penny stocks in high school stock market competitions after the 1987 Crash. As a freshly minted MBA graduate from Cornell University in 1998, he never expected in his wildest dreams to land on one of the largest mutual funds in the entire United States of America. But at the age of 32 he was managing a $20 billion dollar fund at American Century Investments.”

Financing a Home

Chris presents Expenses that come with owning your first home posted at Home I Own, saying, “First home owners need to learn about the expenses that come with owning a house”

Joe Manausa presents Safe Home Buying Process In Tallahassee | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “If you have ever purchased a home, then you know how much emotion goes into the selection process. Buying a home is not like buying something off the shelf at a consumables store, rather it is a process in which we determine how we will be living our lives in the near future. A prudent buyer knows this and therefore should create a process that does not allow emotion to initiate the home selection process.”

Raily Arena presents How to Sell Your Own Home during Economic Recession posted at How to Sell Your Own Home.

Income

KCLau presents Would you pay RM 1200 for a concert ticket? posted at KCLau’s Money Tips, saying, “On whether spending big money on a concert ticket is essential given the recession”

Investing

pragmaticsageweekly presents Recessions, Painful but Healthy posted at Pragmatic Sage Weekly, saying, “There has been a lot of news lately about a change in America’s attitude toward saving and becoming more fugal. Americas have gone from a negative savings rate to a positive one. It is now common place to hear people talk about how they are trying to save money on purchases.”

The Investor presents 10 reasons to be cheerful as an investor posted at Monevator.com, saying, “Perhaps I’m becoming immune to the economic gloom or maybe it’s the first sign of spring, but I can’t help feeling we should look on the bright side.”

Adam presents Swing Trading Strategy: Touch and Go! posted at Pimp My Trade, saying, “This article outlines a winning swing trading strategy that I use over and over again to pull in money from the stock market.”

Dividends4Life presents Nine Companies Bucking The Trend And Raising Dividends posted at Dividends Value, saying, “What if you don’t want to spend your retirement managing and worrying about your portfolio? Put it on Auto Pilot, specifically on a Dividend Investing Auto Pilot. Dividends from a quality, well-diversified portfolio are much more predictable than capital gains and best of all, they are passive.”

Investing School presents 30 Components of The Dow Jones Industrial Average Index posted at Investing School, saying, “Here’s a look at how the dow is calculated and what it means for investors like us.”

ABC presents Dividend Increases and Cuts posted at ABCs of Investing, saying, “A brief description of dividend increases and cuts.”

pragmaticsageweekly presents Mutual Fund Share Classes posted at Pragmatic Sage Weekly, saying, “This post breaks down the different mutual fund share classes. While breaking down the share classes it points out that the obvious choice may not be you best option.”

FMF presents Safeguard #3: Insist on Publicly Priced and Traded Investments posted at Free Money Finance, saying, “The third investing safeguard in our on-going series.”

Heather presents Commodity ETFs: When Will the Trend Come Back? | ETF Trends posted at ETF Trends, saying, “In May 2008, commodities and their related exchange traded funds (ETFs) were booming. Oil and gold seemed unstoppable; food prices were causing people to hoard rice and it wasn’t unusual to see someone softly crying while they filled up their gas tank.”

Larry Russell presents 7 Ways to Pick the Best Noload Mutual Funds and ETFs posted at Best No Load Funds, saying, “Taken as a whole, the vast body of investment research studies show that there really are better approaches to buying and owning mutual funds and ETFs. You do not need to frantically chase fund performance. Performance chasing simply does not work.”

Managing Debt

Raj Patel presents Getting a Better Interest Rate for Your Debt posted at DebtGoal.

David presents Chase Platinum Credit Card Review posted at Credit Card Offers IQ, saying, “A review of the Chase Platinum credit card.”

Silicon Valley Blogger presents Discover Credit Card Rewards, Sign Up Bonuses and Holiday Promotions posted at The Digerati Life, saying, “One way to get better use of your credit card is by owning credit cards that offer rewards. Here’s a review of one of the more popular rewards cards around.”

The Financial Blogger presents Pay Day Loan posted at TheCreditToolBox.com, saying, “A pay day loan is, simply put, a small short term loan intended to cover your expenses until your next payday. These loans are sometimes called paycheck advance, payday advance, or cash advance.”

David presents Salary Advance Loan Program–A Low Cost Payday Loan Alternative posted at Payday Loans Review, saying, “Salary advance loan programs are low cost payday loan alternatives offered by many credit unions.”

The Dough Roller presents The Balance Transfer Indexâ„¢ | How Does Your Card Rank? posted at The Dough Roller, saying, “The balance transfer index shows the real cost of credit card balance transfers.”

Mr Credit Card presents Lost In Debt Part 2 posted at Ask Mr Credit Card.

CreditAddict presents Experian Credit Scores to Go Dark posted at CreditAddict, saying, “Bad news… Experian will no longer make their data available for consumers to check their FICO scores. Instead, they’ll sell their own proprietary credit score directly to lenders.”

DebtLite presents What’s the Difference Between Good Debt and Bad Debt? posted at Debt Advice.

Miscellaneous

Celes presents How Rich Are You? posted at EmbraceLiving.Net, saying, “When it comes to finances, how wealthy do you think you are? Do you think you are rich? This article invites you to rethink the way you look at your money.”

The Smarter Wallet presents Develop Skills For Managing Your Life So You Can Save Money posted at The Smarter Wallet, saying, “Thanks!”

Dollar Frugal presents Dollar Frugal » Blog Archive » Temporary Work - A Way to Catch Up? posted at Dollar Frugal.

Piotr Stepien presents Money Free World posted at we overstep, saying, “It is good to have money but it is better not to have it at all. Surprised? Read the whole story.”

Retirement Planning

Abigail Perry presents Saving for retirement on $20 a week posted at Ms. Money Savvy

Mr. ToughMoneyLove presents All Weather, Lazy and Couch Potato Retirement Portfolios posted at Go To Retirement, saying, “Some set and forget retirement portfolios are better than others. Here is my take on one of them.”

Savings

pragmaticsageweekly presents Reaquainting Myself with the Food Saver posted at Pragmatic Sage Weekly, saying, “How I save started to save money with one forgotten household appliance and other ways to cut your food bill.”

Mr. Banker presents High Interest Savings Accounts posted at Best Interest Rate Banks.

The Shark Investor presents Strategies For Raising Funds: Saving posted at The Shark Investor, saying, “Saving is still a great way to raise money”

David presents The Basics of Interest (Part Three) posted at Personal Finance Ology, saying, “Compound interest, make it work for you, not against you! This is an important concept that allows your money to snowball and grow faster.”

Julie Guarnizo presents Seven Ways to Save posted at Beef Up Your Piggy, saying, “An article showing various ways you can alter your savings to save up to $10,000 this year.”

MoneyNing presents First National Bank Omaha FNBO Direct Review posted at Money Ning, saying, “With this economy, every bit of interest helps. Get an online savings account to maximize those dollars.”

Taxes

Patrick @ Military Money presents What to Do About a Lost or Stolen Stimulus Check posted at Military Finance Network, saying, “Tips on what actions to take if your stimulus check was lost or stolen”

Madison presents $15,000 Home Buyer Tax Credit Possible! posted at My Dollar Plan.

nickel presents Ten Common Income Tax Credits posted at fivecentnickel.com, saying, “This article contains a rundown of common income tax credits. Credits are even better than deductions, so be sure not to miss any!”

Gavin R. Putland presents Stupid property owners posted at LVRG Blog, saying, “Land-value taxation, which property owners hate, takes only as much money from property owners as it delivers to the Treasury, and encourages governments to invest in infrastructure that raises land values for the benefit of the owners. Other taxes, which property owners prefer, take more money from property owners than they deliver to the Treasury, and fail to provide the infrastructure that property owners want.”

Credit Shout presents Tax Preparation with Your Credit Card posted at CreditShout

Barb A. Ryan presents Asset Allocation, Investment Asset Tax Location, and Emergency Cash Management posted at Pasadena Financial Planner.

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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