Welcome to the 165th Edition of the Carnival of Personal Finance. College football season is just around the corner in 17 days. Being a huge college football fan it seemed appropriate to run with that theme for this edition of the carnival.
Who and What is No Debt Plan?
I’ll try to keep this short and sweet. I’m a huge University of Tennessee fan, which should be very apparent by the time you finish this Carnival. You can read all about me, this blog, and advertising opportunities. My most popular posts have been hand picked for your easy reading. I’m also in the midst of writing my No Debt Plan.
I’m giving away up to $50 in Amazon gift cards this month. Why? I’m trying to reach 500 subscribers by the end of the month. To win all you have to do is subscribe to the blog. You can do that via RSS or e-mail. Hey, 300+ people think something interesting is going on here. Why not find out what it is?
I hope you like what you see even if you don’t like the University of Tennessee (I’m just not sure how you couldn’t!). I hope you’ll come back, comment, and join the community here.
Now, onto the Carnival…
The Heisman Trophy Winners (Editor’s Picks)
The Heisman Trophy is awarded every December to the most outstanding player in college football. These posts were a cut above the competition.
- Generation X Finance takes a lengthy look at the benefits of diversification across investments and backs up his claims with data.
- Thorton Wealth Management looks at stock market returns around the globe. You might find the results surprising. Thorton used the same type of chart as Generation X in his analysis.
- Erica.biz wants entrepreneurs to be careful with their frugal activities. Is your time better spent making cheap laundry detergent or building your business? An interesting take, and I’m willing to listen to anyone who just sold a business for $1.1 million at the age of 26.
- My Two Dollars thinks salary isn’t the only thing that makes employees happy. Amen! How about a four day work week?
- Grad Money Matters wonders if and when we’ll stop chasing money. It’s part of the American mentality to chase money. What if we chased happiness?
The Enemy (Debt and Credit)
The main rivals of the Vols? Alabama and Florida. The main rivals to all of the posts in this carnival? Debt and poor credit use. These articles will help you navigate the potentially dangerous waters of credit or guide you out of debt.
- Cash Money Life points out that anyone can apply for a business credit card. That’s something I had been wondering for a while — why do I keep getting these business card applications in the mail?
- Almost Frugal shares her biggest financial fear. A very honest look.
- The Happy Rock has started the debt snowball. One foot after the other…
- Ask Mr. Credit Card ponders keeping a credit card through bankruptcy. Something I hope we never have to think about.
- natedavidscott gives an update on his family’s progress out of debt. Keep up the good work!
- Not the Jet Set’s wife had her debit card number ‘intercepted’ by the opponent. (Again, I still think credit cards trump debit cards for this reason.)
- The Digierati Life gives us a list of some awesome cash back credit cards. I love cash back cards, too.
- FIRE Finance talks about some sneaky credit card tricks.
- Hustler Money walks us through the 0% APR credit card game. Too risky for my blood, but others have shown it can reap significant rewards.
The Playing Field (Real Estate)
You can’t play football without a stadium. Neyland Stadium in Knoxville is one of the biggest in terms of capacity — over 107,000 people per game. It’s a big chunk of real estate. These articles will help you on your quest to find a piece of real estate of your own.
- Finance ViewPoint gives us some accountant/financial professional views of buying a home.
- Really Better Real Estate debunks three common real estate myths. Coming from a real estate professional I found these to be pretty interesting.
- Searchlight Crusade shows how to tell if you’ve been given an incorrect mortgage quote.
Running Plays (Money Management)
In mounting your attack against the opponent of debt, you have two options. The first is day to day money management — the running game. You establish the running game to setup the pass. In the same vein, we’ll setup money management before investing. All of these articles share tips or stories on how to manage your money better.
- Single Guy Money wants us to go back to the basics.
- Not Made of Money thinks being picky is just fine. I was picky growing up, but I’d like to think I’ve mellowed out a little bit. (Not on the financial side, though.)
- No Credit Needed talks about the financial impact of his new baby. Glad to hear she is doing well after the hospital visit.
- The Dangling Conversation pats herself on the back for the five things she is doing right in her finances. A positive attitude can go a long way in getting you in the right direction.
- Lazy Man and Money talks about what he has lost and gained by quitting his day job. One day I hope to join your ranks, Lazy!
- Student Scrooge gives himself a financial checkup.
- American Consumer News gives us five money lessons to learn right this second.
- The Family Wallet gives us five ways to make kids’ classes less expensive.
- Saving to Invest gives us the A-Z of personal finance (really the A through K).
- Iowa Hippie Chick thinks we need to take personal responsibility. If you ask me, personal responsibility is missing big time from the American consumer mentality.
- Christian PF is on his 5th step getting out of debt and shares some tips with us.
- Blueprint for Financial Prosperity takes a look at a FNBO High Yield Savings Account. It looks pretty good, but I still love ING too much to switch.
- Beyond Paycheck to Paycheck wants us to calm down during a downturn. Emotional swings up or down are never good.
- Art of the Coupon lists the five things she can’t live without.
- Funny About Money wants to help us get out of college with minimal student loan debt.
- My Wealth Builder thinks there are two things critical to becoming wealthy.
- Counting My Pennies talks about what to do with that darn spare change.
- Greener Pastures wants us to skip the extended warranty. For the most part, these things are a rip off. Why do you think they push them so hard on the buyer?
- Fix My Personal Finance talks about living on your own after college.
A funny note… five seemed to be the magic number in this section. There were multiple “5 ways to…” type posts.
Passing Plays (Investing)
You’ve established the run. Time for the play fake for the big pass down field. Time for some big gains. Investing is the second offensive attack in your playbook. These articles talk about 401ks, dividend investing, or finding quality investments.
- Dividend Growth Investor looks at how much money you really need to achieve financial independence.
- Briding the Gaap talks about how awesome compound interest is (and shows some math to back it up, too). A basic financial concept, but so important to understand early on.
- Amateur Asset Allocator takes a look at 401k fees and expenses.
- Dividends4Life goes looking for value stocks with the P/B ratio.
- Penny Jobs thinks 401k plans are dumb investments. I don’t exactly agree, but he makes an interesting point.
- The Dividend Guy Blog shares his portfolio’s performance for July.
- Passive Family Income talks about creating alternative income streams.
- Grad Student Wealth wonders if the big movers in the market react to news before it even happens.
- Transcendental Success wants us to look fear in the eye, and then get over it.
- Frugal Babe is trying to pick an ETF that fits her social mindset.
- Blunt Money tells us nine different variations on why we shouldn’t buy that stock we’ve got our hearts set on.
Special Teams (Saving)
Maybe your offense marched down the field, but the opponent put up a good stop. It’s time to send in the special team to try and get some points on the board. Following these savings articles will help you further your attack on your financial opponents.
- PT Money talks about the best way he’s found to save money consistently.
- Squawkfox has released a free PDF printable grocery list to help you find healthy foods at a good price at the grocery store.
- Harvesting Dollars (and his wife) are going to try saving their raises for the next ten years without lifestyle inflation. Sounds like a challenge!
- My Dollar Plan wants to help all of us office dwellers out with 15 tips to save money while you still have a job.
- Poorer Than You just paid off some credit card debt and now isn’t sure what to do.
- One Caveman’s Financial Journey shows that $5 can become $100 very quickly.
- Save and Conquer recently had to replace a car battery and tells the story of how they went about it.
- The Writer’s Coin gives twelve ideas to save some money.
- Rather Be Shopping shares a quick tip to save some money if you use Dish Network.
- Learning the Ropes shows how they are staying motivated in spite of a recent set back.
- The Smart Accountant thinks insurance companies are a necessary evil… and then has a car wreck to prove his point.
The Defense (Frugality)
If all else fails, you can count on the defense. If your money management skills aren’t that great, and your investments are down this year, a frugal mentality can be your saving grace. These articles hit on how to be frugal on a daily basis.
- Savings Not Shoes is trying to keep her attitude correct on “free” stuff.
- Sound Money Matters walks us through a new online tool to help determine is the car repair quote we get is fair or overpriced.
- Money Ning talks about how to make the decision to splurge or not.
- Chief Family Officer talks about the perks of online grocery ordering.
- Uncommon Cents looks into using Wal-Mart’s generic drug plan to save money even though he has good prescription benefits from work.
The Coach (Career)
College football coaches seem to move around fairly often. Think Les Miles, Nick Saban, and Rich Rodriguez. The articles will help you make your next career move successfully.
- Think You Way to Wealth gives six tips for starting a part-time business.
- Money and Such thinks every meeting is a job interview. Spot on.
The Cheerleaders (Taxes and Reviews)
I’ll be honest, I couldn’t find a way to connect cheerleading and the spirit team to taxes and reviews. But I had to include them.
- Military Finance Network was shocked to hear there are over 5 million unclaimed economic stimulus payments and tells us how to make sure we get ours. That’s over 94,000 checks for each spirit team member above by my count.
- Money Smart Life is switching to a new Equifax ID Theft prevention product. My question: why pay for it at all?
The Band (Budgeting)
The Pride of the Southland Marching Band does an amazing job at every game, including the famous T formation that the team runs through. I’m sure their budget is enormous. These two articles can help you manage your budget better, too.
- My Family’s Money comes up with his own expense tracking spreadsheet. I love spreadsheets…
- One Million and Beyond has found success by budgeting on a weekly basis. Keep up the good work!
The Announcers (Finance)
Announcers must talk fluently and engage their audience. These bloggers do the same thing and want to talk about some general finance topics.
- Smart Money Daily tells us who the top 10 highest paid male athletes are. Then he wants to know if we think it is fair. Let me just say, don’t get my wife started on this topic. She thinks it is ridiculous. I think it is simple supply and demand.
- InsureBlog tells us about the downfall of social security disability payments. Scary indeed!
- Happiness is Better says to leave your bank and take your bill pay with you.
- Wide Open Wallet gives her definition of what personal finance is.
- Green Panda Tree is trying to minimize her use of student loans by looking at work study and grants.
The Fans (Economy and Others)
What would a college football game be without some fans? If the economy tanks too far, the stands might be empty. These articles talk about economics and some other personal finance topics.
- Accumulating Money defines inflation for us.
- Financial Ramblings ranks 150+ of the top personal finance blogs. I’m glad to be on the list.
- Free Money Finance shares a real life story of making money tutoring.
- Living Almost Large hates the birthday/pity/sympathy envelope that gets passed around at work.
- Budgets are Sexy says to either trade, sell, or re-gift your gift cards.
- Hello Money recently bought some life insurance and runs the math on how much the advisor is going to make off of it.
- Personal Financial Analyst walks us through buying homeowners insurance.
“Give. Him. Six. Touchdown, Tennessee!”
Phew! That wraps up this edition of the Carnival of Personal Finance.
You can help this edition gain popularity by using the buttons below this post to access your favorite social media site. Next week Everyday Finance will be hosting, so remember to submit your articles.
And again, please do come back to visit and join in on the discussion.