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Welcome to the April 19th, 2013 “B” 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. The focus is on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.
If you’re wondering what the B edition means/stands for, what happened was that the carnival was getting so many submissions each week, that the organizer decided it would be more meaningful and easier to access if the submissions were split in to 2 groups, each being featured on a separate site each week. And this week, we’re hosting the second of the 2 groups!
By now, I’m sure everyone is well aware of the horrific events that have happened in Boston over the past week, starting with the bombs going off at the finish line at the Boston Marathon. This event hit home pretty hard for my fiance and I since we are both runners and have often attended large races such as this one. I have often been in the crowd near the finish line cheering runners coming in (such as when my fiance did the New York City Marathon in 2011), so it could have easily been me or someone that I know well that was hurt in an event like this. If you find yourself feeling down in light of this event, just watch a video of the finish line at any marathon across the country. You will be able to see true inspiration and human spirit. Our thoughts are with you Boston!
Anyhow, enough of my rambling about recent events for now. Let’s get on with the Carnival. This edition is arranged by subject heading, so that you can browse efficiently.
BUDGETING AND ECONOMICS
Brock Kernin @ Clever Dude writes What The XBox Taught My Son About Personal Finance – My son wanted to buy an Xbox, and ended up learning some important financial lessons and skills.
Philip @ PT Money writes 25 Insanely Easy Ways to Manage Your Money and Get Back on Top – These 25 ideas for managing your money are really simple and anyone could implement them. Doing just a few of these tasks could help you regain financial control.
Robert @ Kids Ain’t Cheap writes Coupon Tips and Tricks – Coupons are a godsend for financially strapped families. Whether you need to save on groceries, clothes, home decor or entertainment, there is a coupon to meet your needs.
JC @ Passive Income Pursuit writes 2013 Goals – 1st Quarter Update – Goal setting is great, but you must analyze them to see how you did. I take a look back at my several goals for this year to see how the 1st quarter of 2013 treated me. I’m very happy with several of the goals, but there’s still plenty to work on.
CAREER AND INCOME
Glen @ Monster Piggy Bank @ Monster Piggy Bank writes Time is Money – What are you Sacrificing for Money? – What are you sacrificing for money? Is it Time? Or perhaps physical or mental health? It is a question that I think many people don’t bother to ask themselves, as they don’t feel that they are sacrificing anything.
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?
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!
Jon Haver @ Pay My Student Loans writes Government Pays Your Education – The US government is prepared to support the educational goals of veterans seeking higher education. A wide variety of programs offer partial-to-full financial aid for advanced degrees. You may find yourself eligible for more than one type of education benefit, allowing you to choose the one that suits you best.
DEBT AND CREDIT
John @ Fearless Men writes Be In the Know About Credit Cards Before They Own You – According to Forbes (March, 2012) the average credit card debt for indebted households was $14,517, and for all households was $6,772. That is a daunting statistic to have to face, and it’s a reality that many people live with every day. If you have a credit card it’s important that you take careful steps to avoid any of the pitfalls that can trap you in debt and keep you there almost indefinitely.
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.
Matt @ Living in Financial Excellence writes Strategic Planning for the Everyday Family – We started working on our strategic financial plan. We recognized that this should include more than just a few financial goals and targets. We wanted to take some time and plan our family’s future. Financial planning is just a small piece of the overall picture.
INVESTING AND SAVING
John S @ Frugal Rules writes Online Brokerages I Use: Scottrade Review – There are many outlets for your choosing if you want to invest in the stock market. They all have their features that set them apart. Find the one that fits your needs for overall investing as well as investing for your retirement needs.
Roger the Amateur Financier @ The Amateur Financier writes First Quarter 2013 Resolution Progress (and 4 Tips to Resolution Success) – It’s been more than three months since the start of the new year, more than a quarter of the way through 2013.
Darwin @ Darwin’s Money writes 5 Reasons Why Bitcoins are the Dumbest Investment Ever – Bitcoin is dominating the headlines, but consider these 5 reasons why it’s a horrible investment.
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?
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 @ The Financial Blogger writes Q2 Net Worth Update: The Plan is Finally Working! +2.20% – How are things working out with my finances?
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.
Kyle @ The Penny Hoarder writes Get Paid to Eat Dog Food – The next time you’re feeding Fido or Fluffy, you might want to consider taking a taste of their food yourself. If the thought of doing so repulses you, you might not be a candidate for the next great pet food tester. However, if you’re feeling a bit more adventurous and are considering having that bite!
Michael @ Financial Ramblings writes Putting a Cap on Retirement Accounts? – The federal government is considering capping the balances in your tax-advantaged retirement accounts. This article provides more detail on exactly what they’re talking about.
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!
IMB @ Investing Money writes Should You Invest Money Now? – The right timing often plays a serious role in good investing. It’s important to ask yourself – is now the time to invest money? Read here for good tips.
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.
Lauren @ L Bee and the Money Tree writes When Money Is No Object…. – I re-watched the film -Pretty Woman- over the weekend, and was surprised- I had forgotten how awesome that movie is! Anyway, in the movie the Richard Gere character takes Julia Roberts shopping and he tells the clerk at the store that he’s going to spend -an obscene amount of money-!
Kevin @ 20smoney.com writes Last Minute Car Rentals-Your Questions Answered – You might have been told that booking your car hire in advance will guarantee you the best options and the best rate, and this is true.
William Cowie @ Bite the Bullet Investing writes Fear of Investing: Watcha Gonna Do? – Many people shy away from investing, because they’re afraid of losing money. Yet they already have the skill to avoid the fear of the unknown. This post shows how to unlock that.
RISK MANAGEMENT AND INSURANCE
Jason Hull @ Hull Financial Planning writes The Day After the Initial Diagnosis: MS and Financial Planning – After you receive the initial diagnosis of multiple sclerosis or another long-term degenerative disease, it’s tempting to throw in the towel and panic. Here’s a set of steps you need to take to prepare yourself for your new situation.
Sam @ Simplefinancialfreedom writes At What Age Should You Get Term Life Insurance? – When it comes to taking out life insurance, age should not make any difference in overall terms because life insurance is a way to protect yourself and your
REAL ESTATE AND PROPERTY
Mr. Frenzy @ Frenzied Finances writes Spring Cleaning: Getting Rid of Spending Habits – Everyone has bad habits that serve as personal weaknesses. Now that it’s Spring, read these five tips to learn how to get rid of your bad spending habits.
RETIREMENT AND TAXATION
Mr.CBB @ Canadian Budget Binder writes Life, Money and Retirement-Skype Doesn’t Reach Heaven – Sometimes we need to ask ourselves why we work so hard for all the money we make and whether we are spending our time wisely. Pouring your life into one basket risks leaving behind potential memories that you might not be able to go back and get. Take time to evaluate your life, your priorities and your future
Kevin @ Passiveincometoretire writes Hidden 401(k) Fees Eating Away At Your Retirement Savings – Read how 9 in 10 Americans vastly underestimate their average total 401(k) fees they are paying over the course of their lifetime.
Michael Kitces @ Nerd’s Eye View writes Strategies For Existing Variable Annuities With GLWB Or GMIB Riders – While today’s variable annuities continue to get more expensive, many existing contracts with retirement income riders actually represent a great value… as a result, even if you wouldn’t buy an annuity in today’s marketplace, it may be a poor decision to get rid of an existing one without proper due diligence first!
That concludes this edition. A big thanks to everyone for participating! Please 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 by clicking here.
***Photo courtesy of https://upload.wikimedia.org/wikipedia/commons/b/be/Boston_marathon_mile_25_gatorade_volunteer_050418.jpg