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Welcome one and all to the 14th (November 18th, 2012 edition) Carnival of Financial Simplicity, a weekly roundup of the top 20 posts demonstrating how simple financial success can be. This is My Personal Finance Journey's first time hosting the Carnival, so a big thanks to Nick for letting us host!
To most of us, simple and finance are two words that do not often seem like they belong in the same sentence together. After all, the financial media has made it seem like we have to use incredibly sophisticated individual stock selection analysis techniques in order to achieve financial success and 'beat the market.' Furthermore, after you open a checking, savings, or credit card account these days, it seems like another competitor comes out with a better deal or product that makes us want to continually adjust our holdings to greater lengths of complexities.
However, my belief is that this is simply not the case. Your finances do not have to be complex in order to achieve success. In fact, I would argue that the simpler and more boring your finances are, the more success you will likely obtain. This is definitely my belief when it comes to investing (i.e. passive investing beating 70% of professional stock pickers).
So, without further ado, let's get on to the top 20 articles demonstrating some awesome ideas on how to keep your finances simple!
Spending and Budgeting
Average Joe presents 3 Steps to Better Homeowners Insurance posted at Average Joe's Money Blog. In this article, Joe shows how one of his clients was able to add an additional $40 a paycheck to their 401K plan by shopping for new homeowners insurance.
John presents Easy Car Maintenance Tips to Make Your Car Go the Distance posted at Modest Money. If you've ever owned a car, then you have probably spent money repairing it. My cars always seem to break down at the most inopportune moments. By implementing some easy car maintenance tips, you can help further the life of your car and save yourself thousands of dollars in future car repairs.
Jeff Rose presents Parents: Avoid the #1 Mistake When Saving For Your Kids College posted at Good Financial Cents. Every parent wants to provide for their children; to give them a better life than they had. This often carries over into helping them pay for college.
David Leonhardt presents My best financial tip posted at Self-help Happiness Blog. This blog post is part of the Blog for Financial Literacy campaign, where each participant offers up their best financial tip. Most people who are miserable about money are miserable because they have ignored this one simple tip: don’t spend more money than you have.
Glen presents Credit Card vs. Charge Card: What’s the Difference? posted at Credit Card Smarts. We tend to forget that credit cards and charge cards are different animals. Even though they are similar you need to know what makes each different.
Young presents Using Groupon, Living Social and Other Sites Like Them To Check Out a New City posted at Young And Thrifty. One of our most popular articles on this blog is the one Young wrote concerning sites like Groupon and Living Social, as well as lesser-known sites that offer similar discounts. We expand on it.
Darwin presents How Much is Too Much to Leave Your Kids? posted at Darwin's Money. How Much is Too Much to Leave Your Kids? This article delves into estate taxes and personal responsibility to understand.
Bob presents How to find the lowest price for holiday flights posted at ChristianPF. If you don’t yet have plane tickets for your upcoming holiday travel, then this would be a perfect time to start researching fares. In order to help you get the best price on your plane tickets, you should learn how to use the ITA Matrix website.
Ted Jenkin presents Do You Eat Out To Much? posted at Your Smart Money Moves. If you’ve noticed that your disposable income may be sneaking out the back door of your family finances, one of the causes could be between the lunches and dinners that you eat out every week. So, how can you fix this hole in your budget?
Savvy Scot presents The Saver: In Which Category Do You Belong? posted at The Savvy Scot. WARNING: This post may cause a realisation! The Savvy Scot broadly categorises the 3 different types of saver - Disciplined, Occasional and Horrendous - the question is; are you really the type you think you are? Oh and there is $50 to be won by reading here too...
FMF presents Our Trip to DC (And a Few Ways to Save) posted at Free Money Finance. From October 12 to October 17 our family took a trip to Washington, DC. I thought I'd share with you what we did, the financial impact of the trip, and a few savings tips we picked up along the way.
Vanessa presents Myth! Working overtime isn’t worth it because the government takes more than I earn posted at Vanessa's Money. For five years I worked for a group of people who argued that working more than 35h a week meant that you'd earn less money after taxes were deducted. I did the math to prove them wrong.
Danny Kofke presents Is Time More Important Than Money? posted at One Money Design. A recent online survey done by Mom Corps, a staffing firm, shows that 42% of working adults are willing to give up a portion of their salary to have more flexibility at work. Would you do the same?
Suba presents Early retirement strategy on one income : Can we still retire early with our income cut in half? posted at Wealth Informatics. We want to retire by 40. The goal just got more challenging with me quitting my job, thus cutting our household income in half. Is it still possible for us to achieve this dream?
Miranda @ Financial Highway presents How To Make Money posted at Financial Highway. Even the best of times, one of the most common questions asked is, “How to make money fast?” While an increase in income can ease the way things work in your personal economy, it won’t necessarily solve all your problems. You will still need a plan for the wise management of your financial resources.
Infinite Banker presents How to get the Highest Rate of Return from your Qualified Plan posted at Becoming Your Own Bank. Learn how you can get the highest rate of return out of your qualified plan.
Michael presents Why Rebalance Your Portfolio? posted at Financial Ramblings. Simply stated, rebalancing your portfolio helps you to reduce tracking error and keep your risk in check. Nothing more, nothing less. Sure, you can "let your winners run" in hopes of capturing higher returns, but that comes with increased risk.
Emily presents The Great Debate: 15-Year vs. 30-Year Mortgages posted at Evolving Personal Finance. I lay out all the figures that show that a 30-year mortgage has an advantage over a 15-year mortgage in terms of net worth outcomes and then list all the mitigating factors that make those numbers less relevant. Which do you prefer, numbers or psychology?
Glen Craig presents Are You Ready to Fall Off the Fiscal Cliff? What You Need to Know if the Bush Tax Cuts Expire posted at Free From Broke . The fiscal cliff is coming, the fiscal cliff is coming! Is the so called tax cliff the impending doom many think it is? See what the fiscal tax cliff is all about.
Nick presents Anti-Snowball Method to Payoff Debt and Save More Money posted at My Dollar Plan. There is a method that has been around for a while now called the “Snowball” method of paying down, and eventually paying off, credit card debt. If you’re familiar with it, you know it gives you a boost psychologically by getting smaller debts paid off quicker, then allowing more money to be used for larger debts. However, if you’re more interested in saving on interest payments, there’s another way.