Carnival of Financial Camaraderie- July 20th

Welcome to the July 20th edition of the Carnival of Financial Camaraderie. Enjoy!



Michelle @ Diversified Finances writes Renting Out A Spare Room For Money – Have you ever thought about renting out a room in your house? We have thought about it and we currently do rent out a room in our home.

Tushar @ Start Investing Money writes 3 Ways Small Savings Goals Can Make a Big Difference – How many times have you read blog posts and articles that talk about making lots of small changes to the way you spend money? This is one of the simplest rules about budgeting, since you can make several small changes and they’ll add up to one big one.

MMD @ IRA vs 401k Central writes All the Great Things About Reaching Your Maximum 401k Contribution – Do you make the maximum 401k contribution to your account every year? If you don’t, then you’re severely missing out on the power of time and compound returns.

Little House @ Little House in the Valley writes What’s The Definition of Cheap? – Value is in the eye of the beholder…borrowing the saying that relates to “Beauty”, I’m going to apply it to cost of living and what’s deemed as “cheap” in my eyes. Lately I’ve been pondering my cost of living. I live in one of the top 5 “expensive cities” in the nation and am feeling like I’m not getting much for my money.

Mr.CBB @ Canadian Budget Binder writes How to budget as a couple – Budgeting as a couple for some people is a difficult task, but it doesn’t have to be. Follow some simple steps to work your way towards budgeting your personal finances together.


Jester @ The Ultimate Juggle writes Business Banking: What to Look For – Everyone knows that there are businesses that fail every day. There are a number of reasons for a business going under. It could be poor management. Trying to supply an area or niche where there is no demand. Poor customer service. The list goes on and on.

MMD @ My Money Design writes Niche Website Update 7 – Site Number 2 Launched! – Something big has been happening. I gave myself a deadline of the end of June to launch my next niche website. And you know what? I did it! Read on to see how this one is going to be even better than the first.



Jacob @ My Personal Finance Journey @ My Personal Finance Journey writes When Should You Leave A High Paying Job? – What if you hate your job, but your salary is very high? This post describes situations where you may want to consider leaving this high-paying job for something else.

Hank @ Money Q&A writes 11 Ways To Save Money While In College – As a college student, finding ways to save money while in college poses a great challenge. It needs someone with self control and discipline to achieve.

Mike @ The Financial Blogger writes Is College Worth it? – While the whole idea of college is solid. Is the money spent on it worth it? Should you allocate thousands of dollars towards this expense? Does it make sense

MR @ Money Reasons writes Why The Age-Based 529 College Approach Has Failed For Me – Read how the Age Based option in my 529 has been a huge disappointment for me. Learn from my 529 mistakes.

LaTisha @ Young Finances writes How to Travel for Less as a Young Adult – Travelling on a budget as a young adult or recent graduate can be expensive. Groupon Getaways makes travel easy and inexpensive. Get a deal to Dubai or Belize.

Corey @ 20s Finances writes 3 Ways to Further Your Career – Find out what easy steps you can take to improve your career.

BARBARA FRIEDBERG @ Barbara Friedberg Personal Finance writes 5 MONEY SAVING TIPS FOR NEW COLLEGE GRADS – Start Wealth Building Habits Now Guest contributor; Anton Ivanov College graduation is fun and exciting.

John S @ Frugal Rules writes Buying Health Insurance When You’re Self-Employed – Buying Private Health Insurance can be a daunting task. However, with a little work and use of appropriate resources you can find the coverage needed and generally not spend a fortune doing so.



Emily @ Evolving Personal Finance writes Is “Live Like a College Student” Good Advice? – I actually experienced lifestyle deflation after college because of all the amenities included in with my tuition and room and board.

Jason @ Live Real Now writes Single Income Family – Effective next week, we are officially a single-income family. In a nutshell, this reduces our monthly income by $1340. What does that mean for us?

Miss T. @ Prairie Eco Thrifter writes Do You Use Skills Learned in Childhood? – Have you ever considered the skills you learned as a child and how they relate to your financial successes and failures?

Robert @ My Multiple Incomes writes Homeowner’s Insurance Covers… Godzilla?! – Believe it, or not, some home insurance companies do have such oddities as “Godzilla-Style attacks” embedded into the clauses of their policies. Which may seem odd, since most home insurance policies don’t cover more common things like ‘flooding’.

Grayson @ Debt RoundUp writes Money Multitasking – Concept and Execution – Have you ever thought that you are stretching yourself too thin with regards to your money? Are we pushing the limits with our money multitasking and becoming inefficient? If we do too many tasks at once, we tend to lose productivity and creativity. There have been many studies on the effects of taking on too many tasks at one time, so why can it not be pushed to what we do with our money?

Paul @ The Frugal Toad @ The Frugal Toad writes Have You Been Making a Big Credit Card Mistake? – It is relatively simple to use a credit card sensibly and responsibly, without ending up in debt. However, you do need to know a bit about how credit cards work as well as the terms and conditions of your particular card. Despite using credit cards for years, however, some people still continue to make pretty big credit card mistakes, some without even realizing it!



Lazy Man @ Lazy Man and Money writes Have You Ever Been a Victim of the Phantom Discount? – A few months ago, my wife and I were buying a new car and I felt something shady going on. Doesn’t everyone get that when buying a new car? The dealership offered a military discount, which, as a military family, was of interest to us. They asked if we were in the military before any negotiations of a car took place. There’s nothing wrong with that, right?



Don @ MoneySmartGuides writes Figuring out the Home Buying Process – I remember the entire process of looking for my first house. I spent considerable time trying figure out my needs versus wants and the general area I wanted to live so that my realtor could be the search process.

Pauline @ Reach Financial Independence writes Early retirement in the US vs abroad – Early retirement can be easily achieved in a country with low costs of living. Is it worth it?

Jon @ Novel Investor writes Different Types Of Investment Risk – Anything you put your money into has risks. It pays to understand the different types of investment risk involved in anything before putting your money to work.



CF @ The Outlier Model writes I think my LG refridgerator broke – Sometimes things break! Having an emergency fund and preparing for the inevitability will ensure you get through the ordeal with only a bit of wasted time and little stress!



Glen Craig @ Free From Broke writes What’s This Federal Reserve and Why Is It In the News All the Time? – You hear about the Federal Reserve in the news all the time. But what is it really and how does it affect your finances?

Crystal @ Budgeting in the Fun Stuff writes Taking a Step Back from Being the Budget Nazi – Sometimes, money just doesn’t matter as much as your sanity. I am going to take a little break from being on top of absolutely everything money-related.

Suba @ Broke Professionals writes Name Your Price: How High Are You Willing To Go? – Even though I gave up my coupon binder long ago, I still have standards. Here’s how much I’m willing to spend when buying groceries. How high will you go?

Lauren @ L Bee and the Money Tree writes How to Combine Finances with Your Significant Other – Find out how to combine finances with your significant other in the most seamless way possible.

Amanda L Grossman @ Frugal Confessions writes Sometimes You Should Put Your Head in the Sand and Focus, Focus, Focus – Two Saturdays ago we were sitting on the beach, blissfully unaware that it had reached a scorching 107 degrees Fahrenheit.

Mike @ Personal Finance Journey writes 5 easy ways you can save money on gas bills – Saving money on your gas bills doesn’t need to be hard nor complicated. Here are 5 ways you can accomplish this easy.

Daisy @ Suburban Finance writes Financial Advice for Newlyweds – It’s wedding season! Newlyweds have a lot to work through after the big day. Perhaps the most important of these their now shared finances. Financial decision making varies from one person to the next and this is no different in a marriage. Learning to compromise and come up with a financial plan that both parties can…

Maria @ The Money Principle writes One needs an emergency fund after all! – Today I changed my mind on the matter of maintaining an emergency fund. Here I set three conditions when this is absolutely necessary.

krantcents @ KrantCents writes How to Think Rich and Be Rich – You’re in your 20s or 30s, you have student debt, you’ve accumulated some credit card debt and it looks like you’ll never be able to buy a home. There is a way to think about money that can help solve these problems. Our thoughts precede actions and actions precede results.

Ted Jenkin @ Your Smart Money Moves writes Entrepreneur Series – Lesson 4 – Avoid Rookie Mistakes – I am not a professional athlete. However, I would imagine that the rookie year on any of the professional sports circuits has to be daunting in nature.

Carnival of Financial Planning May 3rd Edition

Welcome to the May 3rd edition of the Carnival of Financial Planning. Enjoy.


Jules Wilson @ Faithful With a Few writes Changing My Mind About Money – People often ask me why I became so interested in personal finance when I was only sixteen years old. My first answer? I don’t know. Second answer? I’m a nerd and I can’t help myself. But this really got me to thinking… Why am I so interested in handling my money responsibly? What is it that happened that gave me such an interest?

Deacon @ Well Kept Wallet writes Save Money With A Refillable K Cup for Your Keurig – I drink coffee almost every day and it can be an expensive habit. If you own a Keurig, which is a single cup coffee maker, then you know how pricey it can be for just one cup of coffee. I was at a Starbucks yesterday and a 12 pack of Pikes Place K-cups was $11.95 which comes out to about $1 per cup of coffee.

Michelle @ Making Sense of Cents writes Should I Pay Off My House Early? – Pros and Cons – Should we pay off our house early? What about the next house? Don’t worry guys, we haven’t bought our next house just yet. We’re keeping our current one for at least another 12 months. However, we have been thinking about whether we should pay off our current house quickly (we have been debating whether we want to rent it out or not – if we decide to sell then we of course wouldn’t pay off the current house quickly) and even whether or not we should pay off our next house quickly as we

Martin @ Studenomics writes The Economics of Your Love Life in Your 20s — The Article Nobody Else Will Write – What’s better for your wallet?

Robert @ The College Investor writes 7 Investment Ideas To Get The Most Out Of Your Tax Refund – If you received a tax refund from Uncle Sam this year, you shouldn’t celebrate just yet. Aside from the fact that it was your money to begin with (not a friendly gift from the government), you may have some adjusting to do before next tax season rolls around.

John @ Fearless Men writes Minimum Balance Nightmare: Why It Pays to Overpay [Infographic] – Credit card debt is racking up in many households, and people want to be set free from it. It can kill a man’s present–and future. Don’t get sucked into the cycle of only paying the minimum balance-that’s a nightmare. It pays to overpay, and the below infographic will tell you why.

Little House @ Little House in the Valley writes Spring Budgeting Tips – Now’s a great time to check your goals, tweak your budget, and get serious about the rest of the year. Easier said than done, right?


Maria @ The Money Principle writes 5 Ways to Make Money before you Start University – Going off to university is expensive; if you make money and set up a ‘university nest egg’ before you start you will find it much less financially stressful.

Suba @ Broke Professionals writes Freelancers: Making Sure You Don’t Owe Uncle Sam In 2013 – If you do freelance work – or any type of second job – it can be tough to pay the right amount of income taxes. A worksheet on your W-4 can fix that.

Mike @ The Financial Blogger writes Getting Rid of Google Once and for All – It’s time to switch gears and move away from Google.

MR @ Money Reasons writes How Much Money Is a Lot of Money? – Money has changed meaning to me as I grow older. Read some of my funny history around how I viewed money, and what a lot of money is to me today.

BARBARA FRIEDBERG @ Barbara Friedberg Personal Finance writes 3 EASY JOBS TO GET WHILE IN COLLEGE – Make money in college. 3 high paying jobs for college students.


SB @ One Cent at a Time writes How Much Debt Is Too Much Debt – Most people have some kind of debt. It might be a mortgage, an auto loan, a student loan, or even a credit card balance. Having debt isn’t a bad thing as long as you are taking steps to pay it off. It’s having too much debt that can cause an unhealthy financial life.

Robert @ My Multiple Incomes writes Understanding the Future of Your Credit Score After Saying “I Do” – On your wedding day, when you recite your “I do’s,” you’re not only agreeing to a life together for richer, for poorer, through sickness and in health, but also to a life in which you share nearly everything. You’ll share your house, cars, friends, and family, and you may even inherit your spouse’s Chihuahua and last name.

LaTisha @ Young Finances writes Car Leasing for Businesses – Business owners have started to consider car leasing as a new financial vehicle. This is because auto leasing is going to save them thousands of dollars.



John S @ Frugal Rules writes Online Brokerages I Use: OptionsHouse Review – There are many online brokerages to use as you look to invest in the stock market. The good ones are there to meet your needs and help make sure you’re doing what you can to be investing for things like retirement.

Jon @ Novel Investor writes TD Ameritrade Review – The Best Online Broker? – TD Ameritrade could be the best online broker around. It’s great for beginners, long term investors, and has the advanced tools any trader needs.

Philip @ PT Money writes Is Now a Good Time to Buy a House or Rental Property? – It may be a good time for you to buy a house or rental, but you need to pay attention to a few things first.

Crystal @ Budgeting in the Fun Stuff writes Have You Heard of Kickstarter Yet? Hubby is a Fan! – Have you heard of the site, Kickstarter? It is used to get creative projects funded. Projects like board games.

Don @ MoneySmartGuides writes Understanding Risk Tolerance – In order to be a successful investor and meet your long-term goals, you need to understand your risk tolerance so that you stay invested in the market.

Lauren @ L Bee and the Money Tree writes Is it FOMO? Or just me being afraid people will like me less? – Oh, you know FOMO? Fear of Missing Out? I thought it was ruling my life and my wallet lately, because even though I have been whining about my full financial plate this month, I still kept saying yes to each and every invitation thrown my way.

Amanda L Grossman @ Frugal Confessions writes How to Reap High Happiness ROI – Many of us have learned over the years that physical things do not make us happy.

Daniel @ Sweating the Big Stuff writes First Quarter Business and Personal Finance Goals Update – it’s been 3 months since I set my 2013 goals. Here’s how I’m doing so far.

Robert @ Entrepreneurship Life writes Increase Your Income with Technology – Do you keep up with technology today? It’s definitely a fast-paced industry and there are always new gadgets coming out every single day. The real question is, “How important is it to keep up with technology today?” The simple answer? Incredibly important.

krantcents @ KrantCents writes 10 Things You Don’t Know – You Don’t Know, Math, Soft Skills, Food, Personal Finance, Love, Women, Men, Mind, Animals, Future, Self -Assessment

MMD @ My Money Design writes Another Reason Why You Need Emergency Money – For Stupid Car Repairs – If you think having $1,000 of emergency money is going to cut it, think again! This week I’ve spent more than I ever anticipated on stupid car repairs.


Greg @ Club Thrifty writes Mortgage Prepayment Calculator: Murder Your Mortgage – Club Thrifty introduces its Mortgage Murder Spreadsheet, a handy little tool that will help you determine how adding extra payments will affect the length (and interest) of your mortgage.

Darwin @ Darwin’s Money writes Here’s How Homebuyers Get Screwed By Getting Emotionally Attached to a Desired Property – How far would you go to get your dream home? Would you endure mold? Thousands more than asking price? Anything the seller commanded? Here’s a true-life story of how getting emotionally attached to a home can cost big bucks.

Jester @ The Ultimate Juggle writes Spring Cleaning: How to get rid of clutter – It is quite amazing how quickly clutter can grow around the home. Those old, unwanted things just seem to multiply, taking up the already limited living space you have. That’s the problem when clutter builds up. When it comes to getting out that feather duster, the simple task of cleaning becomes torturous.

Lance @ Money Life and More writes Buying a Home: Is a Small Down Payment Actually a Big Deal? – When you don’t have a large down payment of at least 20% and you’re trying to buy a house, FHA loans are one option that has been popular in the last few years due to the low minimum down payment of 3.5%. Unfortunately, these mortgages have a ton of fees and they’ve recently drastically increased.

Tushar @ Finance TUBE writes Is Now The Right Time to Buy A Home? – Today i will be talking about Is Now The Right Time to Buy A Home? According to the media now is the perfect time to buy a house. Housing prices may be free from the laws of gravity but they are not free from the laws of economics.


MMD @ IRA vs 401k Central writes Is a Self Directed 401k Plan Right for You? – What do you do if you’re self employed or you want more than what your employer’s retirement plan offers? You apply for a self directed 401k.

Carnival of Retirement- April 22nd Edition

Welcome to the April 22nd edition of the Carnival of Retirement. Enjoy. :-)

Emily @ Evolving Personal Finance writes The Real Reason I Am into Personal Finance – I assessed my ‘life values’ and financial success did not come out on top – find out what did and how that value motivates my interest in PF.

SB @ One Cent at a Time writes Few Ways to have More Spring break Fun with Less Budget – If you want to enjoy spring break, it is time to implement the best practices. Fresh aromas and fun times are in the air and you should be already shaking off your winter blues. As you may know, few days before Spring break, prices start to increase. You can still spot fabulous deals online. And you can save money from the allocated budget!

Lance @ Money Life and More writes How to Write a Check – There are just some times when you don’t have many other options other than writing a check. I think I’ve written a whole two checks this year. Since I’ve graduated from high school I haven’t even used a full book of checks. You may think I’m kidding but I’m not. So, today I’m going to teach you how to write a check because not everyone knows how.

Robert @ My Multiple Incomes writes Simplified Savings for UK Workers – One of the hottest topics right now in the world of employment is workplace pensions, not least because of the major new scheme launched last year by the government. The Workplace Pension Scheme was launched in 2012 with much fanfare, and was designed to help simplify saving up for retirement thanks to auto-enrolment.

Evan @ My Journey to Millions writes Updating My Dividend Investment Portfolio for April 2013 – Every few months I update my watch list for my dividend investment portfolio. I’ll take the Dividend Champion list which has 100+ members and start screening each company, by hand, for certain metrics.

LaTisha @ Young Finances writes 9 Principles of Success – How to achieve success in your personal and professional life by following nine simple principles.

Tushar @ Finance TUBE writes 6 Ways To Teach Your Kids All About Money – Today I will be telling you about 6 Ways To Teach Your Kids All About Money. Kids are fast learner so one of the best lessons that we can teach them is money management. However money management is often heard from an adult tribe.

Jester @ The Ultimate Juggle writes Will Our Kids Have Wealth Building Opportunities Like We Had? – Are there less wealth building opportunities for kids in the future? I think this is a possibility and explain why I think so.

Maria @ The Money Principle writes Have you paid off your Christmas bills yet? – Piling the bills for the summer holiday over the debts built during Christmas may not be the way to go if one is to be better with money.

Wayne @ Young Family Finance writes Four Debunked Financial Myths – Though you’ve heard much about them, the following four financial myths need to be taken with a grain of salt and skepticism.

Cash Flow Mantra @ Cash Flow Mantra writes I am Getting a Financial Windfall – I am working on paying off debt and feel that I am in a good frame of mind to be able to accept this money and not do anything stupid with it. I plan on using the funds (since they weren’t expected) to pay off one of my credit cards and to pay the property taxes on the commercial building that will be coming due in May.

Little House @ Little House in the Valley writes Tiny House Love – The more I read about housing market news (the bubble returning, investors snatching up affordable houses, etc.), the more I think living in a tiny or small house might be my future.

Tushar @ Start Investing Money writes The Benefits of Locking Up Your Money for Longer – We all know how important it is to manage our money in the best possible way. Ideally this means building up an emergency fund to cover three months’ worth of outgoings in case we should need it, and then maximizing the rest of the available cash we have.

MMD @ My Money Design writes Using the Dividend Payout Ratio to Help Evaluate Stocks – The dividend payout ratio helps to reveal not only how a company uses its earnings, but also the potential for increasing dividend payments.

MMD @ IRA vs 401k Central writes What Does IRA Stand For Anyways? – If you’re wondering “what does IRA stand for”, then you may be surprised to find out that the IRS defines it as an “individual retirement arrangement”. This is slightly different than the common definition of an “individual retirement account”.

Suba @ Broke Professionals writes Should You Have To Pay for Public School? – In our new school district, parents have to pay school tuition for full-day kindergarten. Is it justifiable given the economy, or an undo burden?

Corey @ 20s Finances writes Is Gen Y Really That Bad Off? – I don’t want this post to come off sounding that I think being a recent college graduate and finding a job is a piece of cake. I am simply questioning everything I am reading so that hopefully we can have a discussion. With that said, I think the media is overblowing this entire crisis.

Amanda L Grossman @ Frugal Confessions writes 5 Money Saving Tips for Savvy Shoppers – This is a guest post by Mike Collins, who is obsessed with building sustainable streams of income online and achieving financial freedom so he can live life… Read his 5 money saving tips!

Miss T. @ Prairie Eco Thrifter writes The 5 Steps to Living Money-Stress Free – If you feel that what you are earning is not enough or if you do not have enough left for luxuries or for emergencies then maybe you should start studying the way you spend.

Jon the Saver @ Free Money Wisdom writes Best Time to Buy Christmas Lights – Right now is the best time to buy Christmas lights. Did you know that? Get in on the savings today so you don;t waste money come December!

MR @ Money Reasons writes Investing Is Like A Skill Based Game – I describe how investing is like a game and that you should realize that losing is part of winning.

Mike @ Personal Finance Journey writes House swap vs couch surfing – a frugal vacation! – Simple out of the box ideas to having a frugal vacation and saving money with accommodation. How do you save money when traveling?

Crystal @ Budgeting in the Fun Stuff writes We Finally Did Our Taxes – Sheesh! – We didn’t make as much in 2012, but we paid about the same amount in taxes anyway thanks to having to pay the self-employment taxes on everything. YUCK!

Don @ MoneySmartGuides writes Reader Writes: Retirement Worries – The following is am email from a reader named Jim: We’re about to send our youngest off to law school in about 3 months. Read why he’s worried about retirement, and rightfully so.

BARBARA FRIEDBERG @ Barbara Friedberg Personal Finance writes 3 DEBT LESSONS FROM DEAD POETS SOCIETY – Debt Heroes inspire you to get out of debt. Become debt free.

Ted Jenkin @ Your Smart Money Moves writes Four Rules Of Thumb That Are Thumbs Down – For many years I have seen articles galore in the major magazines giving consumers -rules of thumb- about making financial decisions.

Mr.CBB @ Canadian Budget Binder writes My Debt Story: How I Paid Off $100,000 In Debt (And How You Can Too) – Having Debt and lots of it on your plate can be lots to handle for just about anyone. This is a story about one man who takes paying down debt seriously and shares just how he went about it. Walking the path towards debt freedom is possible with discipline and motivation

John S @ Frugal Rules writes Is Your Retirement Planning Frightening? – Looking at the statistics, many people are behind in a big way in terms of saving for retirement. Don’t allow yourself to be another statistic and start now, even if small and it will help that discipline of saving money over time.

Hank @ Money Q&A writes Why Socially Conscious Investing May Be Costing You A Lot Of Money – Socially conscious investing may seem like a great idea for investors, but it limits your pool of investment choices, has high fees, and may not be a great investment after all.

krantcents @ KrantCents writes How to Use Credit Cards Responsibly – Too many people have credit card debt! As of December, 2011, according to Capital One there was $801 billion total U.S. revolving debt. 98% is credit card debt! The total U.S. consumer debt is $2.5 trillion as of December 2011. The average credit card debt per household with credit card debt is $15,799.

A Blinkin @ Funancials writes You WILL NOT Save More Later – If you’re a recent college graduation, you think you’ll save more later – just as soon as you get married. If you’re recently married, you think you’ll save more later – after you travel the country. If you have children, you think you’ll save more later – as soon as they get older.

Glen @ Monster Piggy Bank @ Monster Piggy Bank writes How Getting to Work Costs Money – A post about some of the various costs associated with going to work.

Buck Inspire @ Buck Inspire writes My First Taste Of Haterade – I’ve always stayed below the radar and not ruffled feathers. Recently I’m coming off the sidelines and getting into the game. Not surprisingly, I also encountered my first taste of Haterade.

Daniel @ Sweating the Big Stuff writes The Average Age of First-Time Home Buyers – In 2009, the most recent available data, the average age of home buyers was 31 according to one study and 34 according to another. But what is normal?

Philip @ PT Money writes How to Retire Early – Let’s Run the Numbers – Ever wonder exactly how much you need saved to retire early? There is a way to figure it out and make early retirement possible.

Jules Wilson @ Fat Guy,Skinny Wallet writes A Recap of March 2013 for Fat Guy – I know that this post is very late. My life has been so busy over the last few months, and it has only increased lately. So that means that I haven’t had time to sit down and reflect on them.

Paul Vachon @ The Frugal Toad writes Frugal Travel Tips: Save Money on Your Holidays – Holidays are a special time to get away, relax, and have a bit of an adventure. However, many of us put off big trips perennially due to cost and budget restrictions. With several ways to save before you go and once you’re on the road, you don’t have to let finances stand in the way of your dream trip.