Welcome to this week’s Carnival of Financial Planning. This is a collection of recent posts by personal finance writers all across the web. Enjoy!
BUDGETING AND ECONOMICS
Jules Wilson @ Fat Guy,Skinny Wallet writes Review of “The Money Code” – I recently had the opportunity to read “THE MONEY CODE: Improve Your Entire Financial Life Right Now” by Joe John Duran, CFA. This book was a little unorthodox because I was definitely expecting more of the norm in terms of finance books, but instead I ended up reading the self-described “anti-financial advising, financial advising book”.
Matt @ Living in Financial Excellence writes Budgeting for Dummies: A Beginner’s Guide – I don’t thing there’s one magic solution or easy button for creating an effective budget. However, I do feel strongly that the steps mentioned above are definitely important ingredients in the recipe for success. That’s about as close as I can get to a magic formula.
Emily @ PT Money Personal Finance writes Use These Psychological Tricks to Spend Money Wisely – Did you know that there’s research to help you avoid having buyer’s remorse? This post highlights 3 habits you can develop to help yourself.
Robert @ Entrepreneurship Life writes Dealing with Trouble Vendors – Right now, I am dealing with a difficult vendor and have to work hard to ensure an equitable result.
Amanda L Grossman @ Frugal Confessions writes Savings Accounts for Us Lower and Middling Sorts – Thomas Eddy and other businessmen and economists of his time believed that they had a cure to the alarming poverty rate levels in post-War of 1812 New York
ETZ25 @ Entertainment Timez writes AIG Update – Time for an AIG update! While the stock hasn’t started to rise yet like we had hoped, it’s still has a lot of potential.
Marvin @ Brick By Brick Investing writes People Are Funny About Money – Addresses the harsh reality that we do not talk about money as much as we should.
Ray @ Squirrelers writes Is AAA Worth It? – Sometime we have to spend money to save money. This post discusses how we can budget for handling certain car emergency expenses and saving money in other ways
Peter @ Bible Money Matters writes Why Is My Paycheck Less This Month? Did My Taxes Just Go Up? – While the tax rates are staying the same for most of us, it doesn’t mean our taxes aren’t going up. In fact, all of us with an earned income will be seeing less in our paychecks this year.
Edgar @ Degrees and Debt writes Credit Card Balance Transfers – Information regarding the benefits of balance transfer offers from credit cards
CAREER AND INCOME
SFB @ Simple Finance Blog writes 4 Ways To Save for Your Kid to Go to College – When it comes to saving money for your child’s college education, there are many, many ways to save.Here are four popular ways to save for your kids education.
Mike @ The Financial Blogger writes Is it Worth Trading Time For Money? – How many hours of work are you willing to put in? Does more work always equal more money?
John @ Fearless Men writes Most Common Money Lies We Tell Ourselves – We’re bombarded daily with Money Myths that get us thinking that financial wisdom doesn’t apply to us. Maybe the other guy, but not me. But then we’re in debt, part of a poor economy and a recession. The simple rule is we need to manage our finances better. Whether it’s living frugally, budgeting or saving.
Cat Alford @ Budget Blonde writes The Truth About Side Hustling – In this post, I highlight the truth about having a side hustle and give real life examples of my 1.5 years as a freelance writer. After reading this, you’ll know exactly what it takes to have a successful side career and a kick in the pants to jumpstart your own.
DEBT AND CREDIT
Jason Hull @ Hull Financial Planning writes Credit Card Debt and Drug Addiction – Are They Related? – In this article, we examine Professor Dan Ariely’s research on credit card payoff behavior and look to see if there is a link between payoff behavior and drug addiction.
Jason @ Work Save Live writes How to Get Your Family On Board When Paying Off Debt – For some families embarking on their debt payoff journey, your family may be completely on board. However, the majority of you may be dealing with a spouse or kids who are reluctant to change their lifestyle, and honestly, who can blame them?
A Blinkin @ Funancials writes The United States Will Absolutely Default – The Debt Ceiling debacle has posed a question to Americans: Will the United States, for the first time ever, default on it’s debt? The answer is absolutely, yes. The debt has grown too high for us to pay. We will not default in the traditional sense, but we will devalue the dollar so the end result is the same. The United States will absolutely default.
INVESTING AND SAVING
Roger Wohlner @ The Chicago Financial Planner writes 3 Financial Products to Consider Avoiding – It’s a New Year and many of us are looking to start the New Year out on the right foot financially. Couple this with the upcoming tax season and this is prime time for the financial product sales types. Before buying ANY financial product make sure that this product is right for you in terms of your overall financial situation. Financial products are tools and just like your projects around the house you should use the right tool for the job and not the tool that the financial rep wants to
John S @ Frugal Rules writes Reader Question: Should I Invest in Mutual Funds or ETFs? – There are various similarities as well as differences between mutual funds and etfs. If you do some simple homework you can determine which funds are better for you while also keeping down the costs associated with investing.
Rohit @ The Money Mail writes Passive Income Assets – Real estate, interest income, dividend income can all help you to produce income that you don’t have to work for actively. This is known as passive income. In this article you will see examples of some passive income producing asset classes beyond the traditional asset classes.
Your Boss @ What Your Boss Really Thinks writes Ask Your Boss: Is It Okay To Socialize A Lot With Co-Workers? – “Is it okay to socialize a lot with co-workers after work? What about during work hours?” Good questions! I, personally, am not a big fan of happy hours with co-workers for two reasons: When you share a drink or two, you relax, and you feel that you are more friends than co-workers.
Pete @ Intelligent Speculator writes Huge Couple of Weeks For Tech Stocks..Are You Ready? – A look at tech stocks making big moves.
Div Guy @ The Dividend Guy Blog writes Dividend Investing Goals for 2013 – I share my dividend goals. What are yours?
Mike @ Personal Finance Journey writes Parting with Your Debt for Good – Smart simple and easy to implement ideas on paying off your debt and keeping your household debt to a minimum.
krantcents @ KrantCents writes I Will Never Retire! – That’s right, I will never retire! Although I will retire from teaching in five (5) years, I know I will never just kick back and play golf, play cards or sit around. I saw firsthand how my mother worked part time into her mid eighties.
Tushar @ Finance TUBE writes Making Your Financial Goals a Reality in 4 Steps – Today we will be talking about Making Your Financial Goals a Reality in 4 Steps. With the New Year here you probably have a list of resolutions and financial goals you would like to accomplish this year.
Maria @ The Money Principle writes January – Time To Get Financially Fit – January is a time for re-newal; this includes dealing with your debts and becoming financially fit. Don’t panic, just act!
Tushar @ Start Investing Money writes How the Commodities Market is Standardized – Most people have heard of the commodities market. But there is a big difference between knowing about it and understanding how it works. Commodities are so called raw products.
PPlan @ Provident Plan writes How to Get the Best Price on a Car – Find out how to get the best price on a car from an insider’s perspective.
Michael @ Financial Ramblings writes Advantages of a Roth IRA - Believe it or not, the advantages of Roth IRAs go well beyond the tax free distributions.
Roger the Amateur Financier @ The Amateur Financier writes Five Steps to Meeting Your Goals – Ten days ago, the new year started, with many fireworks, much drinking, and as always, plenty of resolutions.
Integrator @ Financially Integrated writes Are their better alternatives to emergency funds? – Having a safety net to help you out in an emergency is a good idea. But a traditional emergency fund could end up costing you thousands of dollars.
MR @ Money Reasons writes Why I Bought Some Facebook Shares – This is the reason I bought some shares of Facebook’s stock even though I no longer use Facebook much myself.
Crystal @ Budgeting in the Fun Stuff writes Prioritization for the Win! Now to Save Like Hell… – Mr. BFS and I finally sat down last weekend and prioritized those New Year’s resolutions that I keep mentioning.
Tushar @ Earn More and Save writes Why I Dig Personal Capital – Reasons I love Personal Capital – a new breed of financial management software that’s so intuitive, I swear it’s looking over my shoulder.
Luke @ Learn Bonds writes The Yield Curve: What it is and How it Works – In this article we give the definition of the yield curve, the different types of yield curves, and how investors use this analysis in their investment decisions.
Bryan @ Gajizmo.com writes Vanguard vs. Fidelity – Advantages and Disadvantages – Early on, investors learn they can’t time the markets, so why should passive investors try to? Chances are, you have retirement funds in Vanguard or Fidelity mutual funds, so why not determine which company is the best for the rest of your investments. We compare the pros and cons of each company for your benefit.
Hank @ Money Q&A writes The Rainy Day Account You Need To Have – In being prepared for emergencies, the top of the list is to have access to immediate cash to meet your obligations in the short term in a rainy day account.
Dan @ ETF Base writes The 8 Largest ETFs on Earth – Here’s a review of the 8 largest ETFs on earth. Important info! Ticker symbols, assets and expense ratios.
RISK MANAGEMENT AND INSURANCE
Jeff Rose @ Life Insurance by Jeff writes 15 Year Term Life Insurance Policy – Throughout changes in jobs and situations, you are going to need to need different policies. You need to be able to cover everything, which means children, home, significant other, expenses, and all other things that may enter your life after a few years.
Carmen @ MyBestCarInsurance101.com writes How To Compare Car Insurance Coverages, Rates – Liability car insurance is required by law in most states, but what about comprehensive, collision, gap, and under or uninsured motorist coverage? Do you know about all the coverage options available and how you should go about comparing policies, companies, and rates to lower your costs? This article is to help you maneuver the industry and buy the best and cheapest insurance coverage.
REAL ESTATE AND PROPERTY
Investor Junkie @ Investor Junkie writes Rental Property Update – Rebuilding After Sandy – As I mentioned, my condo was affected by Hurricane Sandy. Unfortunately, as of today, the building still does not have power, or heat. Which of course makes the building uninhabitable. All of the critical systems are located on the first floor with my condo. So not only my unit was affected, but indirectly all of the other units in building as well.
Green Panda @ Green Panda Treehouse writes What to Know Before You Apply For a Mortgage in Your 20s – What to know before you go home shopping.
Kyle @ The Penny Hoarder writes 5 Weird Ways to Save Money at Home – With home-related expenses on the rise, it’s not surprising that people are looking for creative ways to trim their expenses. Did you know you can do so in your very own home or neighborhood? With a bit of creativity and extra effort, you can easily trim your household expenses.
RETIREMENT AND TAXATION
Jon @ Novel Investor writes TurboTax Review: Tax Prep Made Easy – TurboTax is the most popular online tax preparation and filing services. Its tax software makes finishing a tax return quick and painless.
Lance @ Money Life and More writes How Federal Tax Rates Work – Not What You May Think – Have you ever heard people complain that “The government taxes my bonus checks at a higher rate, even more than they take out of my regular paycheck!”? While more federal tax is withheld, you aren’t actually taxed anymore on this income. Intrigued or confused? Read on to learn more about why these commonly believed statements are FALSE!
Super Saver @ My Wealth Builder writes Social Security – Earlier or Later? – I’ve estimated my break even age to be 78, i.e. I will get more money taking benefits at 62 if I die before 78 and more money taking benefits at 70-1/2 if I die after 78. My decision will be based on whether I expect to live passed 78.
MMD @ IRA vs 401k Central writes Roth IRA Basics and How They’re Different From a Traditional IRA – It helps to know your Traditional and Roth IRA basics. Although both are excellent tools, one of them is likely better suited to your individual needs.