Pope Adrian VI

Happy birthday to Pope Adrian VI - born today in 1459

Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs

Carnival of Financial Planning – Money Management Edition #226 – March 2, 2012
This edition is arranged by subject heading, so that you can browse efficiently.

Enjoy!  The SkilledInvestor, Editor

From the host:  This is the papal birthday edition, as 3 popes were born on March 2nd.  Is today your birthday?  Maybe you’ll be next in line…

Budgeting and Economics

Janet presents Living expense tracking methods posted at Independent Financial Planner , saying, “Many people do not track their living expenses and do not understand the magnitude of their consumption. Failure to monitor your consumption expenditures means that they are flying blindly regarding their future finances. ”

N.W. Journey presents Start Planning and Saving for the Holidays Now posted at Networth Journey, saying, “Discover why now is the best time to save for the holidays.”

Marie presents 5 Things You Should Teach Your Kids about Money posted at Money Spending Mommy, saying, “In order for children to learn how to have a successful financial future, the bulk of their teachings will likely need to come from home. There are a variety of important topics that relate to
finances. Here are a few of the top tips that kids should be taught about money:”

Estate Planning

DeWitt Dudley presents What Are The Best Trust Structures To Protect Liquid Assets?
posted at Law Offices of Givner & Kaye, saying, “Why is the non-U.S. trust so effective? Because the both the trust and the assets are not subject to the jurisdiction of a judge in the United States.”

Financial Planning

Ashley presents Financial Planning in a Nut Shell posted at Money Talks Coaching, saying, “To see the reason for each of the financial planning steps I’m going to explain the process backwards.”

Teacher Man
presents Happiness = Having Kids or Not Having Kids? posted at My University Money, saying, “My long-time girlfriend and I recently visited some old family friends of mine. We ended up having a great time, but on the way home, we sort of had a sudden realization. The extremely comfortable lifestyle we had just witnessed could be all ours if we made one simple
decision – to not have children.”

Dave presents Passive Investing – Active Investing – Alpha Returns posted at Wall Street Nerds , saying, “The Old Testament of indexing is Burton Malkiel’s classic A Random Walk Down Wall Street, first published in 1973 by W.W. Norton and now in its ninth edition. For typical individual investors, without special access to information, it offers what is likely the best financial advice they will ever get: It is hard to consistently beat the market, especially after fees. A passive strategy will do better in the long run.”

Walter presents Best Bond Funds posted at Fixed Income Investing, saying, “The bond investment fund market is no place for an individual investor to try to beat the market and get higher returns through
attempts at clever fixed income investing. Even professional bond market money managers do not beat the bond market.”

PFP presents Asset Allocation, Investment Asset Tax Location, and Emergency Cash
Management
posted at Pasadena Financial Planner , saying, “As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you
should also consider how to “locate” your investment asset allocation with respect to more optimal taxation. ”

Financing a Home

Steve presents What’s Love Got to Do With It! posted at Money Infant, saying, “One of the long standing personal finance questions is Buying vs renting a home. Let’s take a look at the financial wisdom of
buying a home versus renting.”

Don presents How To Pay Off Your Mortgage Early posted at MoneySmartGuides, saying, “Your house is for most, your largest expense. Not only in terms of the size of the monthly payment, but also in terms of time.”

Financing Education

Corey presents Living With Parents after Graduation from College posted at 20s Finances, saying, “In preparation for graduation from college, I am sure many college students have big plans. They plan to get a job immediately after college and perhaps buy their own home soon after that. Maybe living with your parents can help you with this goal.”

Young presents I Graduated From College or University…Now What? posted at Young and Thrifty, saying, “If you were lucky (or smart enough) to choose a career path that was in demand while you were going through post-secondaryeducation, then congratulations, you’re transition into the working world will be made a whole lot easier. For those of us who chose to become “well-rounded” students and take courses of study that had a less-defined labour market the journey can be a little more interesting.”

John presents Learning about personal finance and investing posted at Personal Financial Planning, saying, “I have reached the conclusion that 99+% of the financial information that is easily available  through the media and the Internet is: self-interested and biased, superficial and non-implementable, historical in nature or just current “noise” reporting without any actionable utility, and/or poorly researched, just plain wrong or unmitigated rubbish.”

Income

Kay Lynn presents A Part Time Job: The Secret to Success posted at Bucksome Boomer, saying, “Do you currently have a full-time job? What is your current financial situation? Do you struggle to pay the bills or are you living comfortably from month to month? Either way, I think everyone could benefit from a part-time job (or at least another income source).”

Jason presents $1,000,000 Business Idea posted at Live Real, Now, saying, “I’m sick of working my day job. I’m sick of working my side hustles. I’m sick of working. To make up for all of that, I’m going to launch a new business. My business model is guaranteed to generate $1,000,000 in revenue the first month. Seriously.”

Suba presents How to negotiate salary even in a tough economy posted at Wealth Informatics, saying, “Most of the times general tips on negotiating better salary don’t work, because we have a lot of personal barriers. Here is a step by step guide to persuade the employer to offer you a higher salary without taking yourself out of the running for the job”

Pope Leo XIII

Pope Leo XIII, born March 2nd, 1810

Investing

William presents Inferior Mutual Fund Performance posted at Best No Load Funds , saying, “Screen out inferior mutual fund performance — but only after using other ETF and mutual fund selection criteria. Superior or even average mutual fund performance in the past simply does not predict similar fund performance in the future.”

Eleanor Blayney, CFP® presents Knowing what you don’t know… :: Directions For Women posted at Directions For Women, saying, “Women are less confident about what they know relative to what can be known. Their confidence crisis becomes particularly acute when the “domain is male-oriented.”  Finance, and investing in particular, is certainly one such testosterone-rich domain.”

Dividends4Life presents 21 Stocks Raising Their Dividends posted at Dividend Growth Stocks,  saying, “Most investors are not surprised when a company cuts its dividend. They see the early warning signs well in advance of the actual cut. Here are three signs that a company is heading toward a dividend cut:”

Justin presents Thinking about Forex Trading? posted at Money Is the Root, saying, “If you are  interested in trading currencies, then Forex trading is for you.”

Kanwal presents Want To Increase Your Investment Income With Dividends? posted at Simply Investing, saying, “Are you looking to increase your investment income? What is the simplest and quickest way to increase your earnings? Dividends!  Not just any dividends but dividends that increase regularly. In this article let’s take a look at the power of dividends and some recent dividend increases. A dividend is money that you receive for being a shareholder.”

John presents What Is the Best Way to Invest Money Right Now? posted at Passive Family Income, saying, “What is the best way to invest money right now? I wish I had a crystal ball and could tell you for certain, but I can’t.  However, I can certainly make some educated decisions on where I plan to invest my money over the next year.”

Mich presents Natural Gas Stocks: Beware of Declining Natural Gas Prices posted at BeatingTheIndex, saying, “Whether you’re a contrarian investor or a value investor looking for exposure to natural gas  weighted producers, make sure you review the following variables.”

Dividend Ninja
presents When Issuing A Dividend Can Be Dangerous posted at The Dividend Ninja, saying, “A dividend can actually be a huge red flag depending on where the company gets the money for it. If you know what to look for, a company paying or increasing its dividend is not always a good sign.  How does your favorite dividend paying company get the money for those annual or quarterly payments?”

Jack Parker presents Top NoLoad Funds posted at Preferred Investment Funds, saying, “Some mutual funds and ETFs must be better than others, but which ones are they? How can you tell before the fact?”

J.P.
presents What Type Of Investment Strategy Should You Use? posted at Novel Investor, saying, “People are constantly on the lookout for the perfect investment strategy. That Holy Grail of constant profitable returns.  Here’s a few strategies to consider while investing.”

SFB presents Why Index Funds Will Always Beat Active Managed Funds posted at Simple Finance Blog, saying, “There are basically two types of funds. The first is the ‘active’ managed fund and second the passive or the ‘index’ fund. Which is better? And why?”

LaTisha presents Stop, Limit, Profit and Loss posted at Financial Success for Young Adults, saying, “Trading with the protection of stop-loss and profit-limit orders.”

Managing Credit and Debt

Everything Finance presents Are You Living Out of Your Means? Learn from One Couple’s Financial Stress of Not Living within Their Means posted at Everything Finance, saying, “While it is not our job to judge others like this, it is pretty easy to see that this couple is living outside of their means.  They talk about how they are living in poverty, yet spend and keep their lifestyle comfortable. What can we learn from them? We need to live within our means.”

Mike presents Discover Open Road Credit Card Review posted at Rewards Cards USA, saying, “Many of the Discover credit cards feature specific rewards for particular actions and expenses. The Discover Open Road credit card focuses on providing rewards specifically related to spending on gas and restaurants.”

Dana presents How Do You Know If You Have a Debt Problem? posted at Caffeinated Finance, saying, “Many people do not think they have a problem with debt. Here are 10 tell tale signs of a debt problem.”

Jeffery Weber presents February 2012 0% Balance Transfer Credit Card Report posted at Smart Balance Transfers, saying, “This month, credit card companies reduced the average length of balance transfer offers which may indicate that banks will be less generous with 0% rates in the coming months.”

Jeri Ford presents When Should I Cancel My Credit Card? posted at Help Me Travel Cheap, saying, “If you signed up for a credit card for points you’ll need time your cancellation correctly.”

Craig Ford presents 5 Proven Reasons Why Co-Signing a Loan is Worse than Gambling posted at Christian Debt Coach, saying, “Discover why co-signing a loan is such a bad idea.”

Miscellaneous

Jake Mathew presents My 7 Biggest Financial Mistakes: Confessions of a 1 Percenter posted at I Am 1 Percent, saying, “I hope that people reading this article will learn from my past mistakes, which have cost me a total of $100k”

Kevin presents Used Appliances are The Best! posted at Thousandaire, saying, “Don’t buy expensive new appliances. Use someone else’s old appliances and save tons of money”

Darwin presents 6 Reasons Learning a Foreign Language Is Completely Useless posted at Darwin’s Money, saying, “Never one to shy from contraversy, after reading “Learning a Foreign Language is Completely Useless” you may well agree- the opportunity cost is not worth it!”

Daisy presents Individual Opportunity Costs posted at Add Vodka, saying, “Everyone has a price. At work the other day, we were playing the ‘what if’ game, after a particularly horrifying happening on Fear Factor. It was along the lines of ‘Would you ever cheat?'”

Brock presents Best Retirement Calculators posted at IRA Account Investment, saying, “Whether or not to make investments into “traditional” tax-advantaged employer accounts and IRAs versus investing in “Roth” tax-advantaged employer accounts and personal IRAs is never a straightforward nor simple financial planning decision.”
krantcents presents The 3 F’s of Success posted at KrantCents, saying, “The 3 F’s of Success is the Sixth in a series of articles to help you reach your goal. What are your goals? I know you thought about it! You know, it is your dream, wish or resolution you made!”

101 Centavos
presents More on Investing in the Basics: Chocolate posted at 101 Centavos, saying, “Ask any lady about the bare necessities of life, and chocolate ranks way on up there. Food, fire and shelter… and fudge brownies!”

Eddie presents 5 Advantages of Comparing Products Online posted at Finance Fox, saying, “Online comparison sites often open up their pages to comments from product users. Rather than relying solely on the claims from manufacturers, you have the ability to hear from people who have actually purchased and used these items in their homes.”

TSI presents Investment astrology – should you pick investments according to the Morningstars? posted at The Skilled Investor , saying, “Individual investors and their advisors appear to make investment
decisions that are heavily influenced by the Morningstar Rating system.  Because the stars are very widely used and often misunderstood, these are articles to help investors make more rational decisions about the
stars.”

Pope Pius XII

Pope Pius XII - Also born on the 2nd of March, 1876

Retirement Planning

Todd Tresidder presents Retirement Planning Myths Revealed – 2 Must Know Formulas posted at Financial Mentor, saying, “Most people make retirement planning ridiculously complicated thus introducing dangerous errors. Discover how to simplify the process down to just just two basic formulas and increase accuracy at the same time.”

Frank Knowles presents S&P 500 Funds posted at Best Large Cap Funds, saying, “The no load index fund strategy of the Schwab S & P 500 Index Fund tracks the S and P 500 stock index. This no load index fund was listed as one of the top 25 lowest cost index mutual funds in a research study.”

Corey presents Future Tax Policy and Why You Don’t Want a Roth IRA posted at Steadfast Finances, saying, “Are you investing in a Roth IRA without considering the future tax policies. Future taxes on your roth ira could limit your investment return.”

Suba presents Should you Invest in 401k or ROTH IRA/401k? posted at Wealth Informatics, saying, “When thinking about starting to save for retirement, the first question most of the young investors have is “Should I invest in traditional 401k or a ROTH 401k“? There are many variation of the question – ” Should I continue investing in traditional 401k even after the company match or start a ROTH IRA”? Or “Should I invest in traditional IRA or ROTH IRA”? All of these boils down to – is pretax retirement savings more lucrative or posttax savings? Which is better for the bottom line?”

Andy presents 65 Things to do When You Retire posted at My Retirement Blog, saying, “I recently received a copy of, 65 Things to Do When You Retire, 65 Notable Achievers on How to Make the Most of the Rest of Your Life to review.”

Risk Management and Insurance


Jon the Saver
presents Making Term Life Insurance a Worthwhile Investment posted at Free Money Wisdom, saying, “Is life insurance really worth it? Instead of treating it like a burden, why not treat it like an investment? Life insurance is important.”

Larry presents Investment risk tolerance posted at Independent Financial Planner , saying, “Individual investors with different levels of investment risk tolerance for financial risks tend to be more satisfied with risk management strategies, which are better aligned with their financial risk and return profile.”

Savings

Philip Taylor presents Forced Savings Account: You Save Now! posted at PT Money Personal  Finance, saying, “Discusses a variety of “forced” savings accounts, including such things as a home, Social Security, and a tax refund.”

FG presents A Frugal Manifesto posted at Financial God, saying, “I have seen far too much hate for frugality and frugal people these days. I consider myself a frugal person, even though I don’t make my own toilet paper, soap, nor laundry detergent. Does being frugal mean that we all have to go to extremes?”

John presents Spend Less than You Earn posted at Married with Debt, saying, “To spend less than you earn is the most important personal finance rule, and the hardest to master. Join us as we learn how and why.”

Aloysa presents Save Time and Money by Organizing Your Finances posted at My Broken Coin, saying, “Ashley over at Money Talks provided details how to save time and money by organizing your finances.”

Financial Freedom presents Savings and Withdrawal Rates posted at My Financial Freedom Plan , saying, “Understand how your current savings rate and retirement withdrawal rate would affect all of your lifetime personal financial planning goals”

KT presents 5 Ways to Save Money at Starbucks posted at Personal Finance Journey, saying, “The latte factor is a term coined by financial author David Bach to describe daily, wasteful spending. For those of us trying to save more and lessen/consolidate debt, knowledge of the latte factor can cause a sense of guilt as we slyly shuffle into a Starbucks to spend our hard earned money.”

Taxes

Monroe presents Evaluating Roth IRA Conversions posted at Do-It-Yourself Financial Planning , saying, “This article could help you to make a more informed decision about your family’s Roth investment strategy. Key to you making a better decision about your lifetime Roth account contribution and asset conversion strategy is the need for a sophisticated financial planning software tool.”

Jen presents Tax Refunds- The Good, The Bad and Why We Get One Anyways posted at Master the Art of Saving, saying, “Financial experts along with many personal finance bloggers frown upon getting tax refunds. Why? They actually have a valid point—why loan the government money?”

Hank presents The Dangers Of A Tax Refund Anticipation Loan posted at Money Q&A, saying, “With a little bit of prior planning, there are other options that you can take in order to avoid a tax refund anticipation loan. You do not have to use a tax refund anticipation loan with its high fees and interest rate.”

D.J.
presents Tax Strategies for Homeowners posted at The Family Wallet, saying, “There are important tax benefits to owning a home, and there are tax strategies that homeowners can use to keep their taxes to a minimum. Here are a few ideas to discuss with your accountant so that you can develop those strategies.”

Evan presents What To Do with the Tax Return? posted at Smart Wealth, saying, “This year we are  getting back a decent amount and we started wondering what we should do with our refund. Here are some of the options we are considering:”

 

That concludes this edition. 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 on our blog carnival index page.

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Photo credits:  See wikipedia for more details:

  • http://en.wikipedia.org/wiki/File:Hadrian_VI.jpg
  • http://en.wikipedia.org/wiki/File:LeoXIII1900.jpg
  • http://en.wikipedia.org/wiki/File:Ida10-1.jpg

About Karl

has written 76 articles on this site..

22 Responses to Carnival of Financial Planning – Money Management Edition #226

  1. krantcents says:

    Thanks for the inclusion and hosting.

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  3. Modest Money says:

    Great job hosting Karl. You make me regret not having time to write some good posts to submit to carnivals this week.

  4. Money Infant says:

    Thanks Karl for hosting the carnival and for including me :)

  5. Thanks for hosting and including my article. I like the font of your blog, especially the headers! have a great weekend!

  6. Thanks for hosting and for the include, Karl. Great job on the theme. I have a Pope post somewhere in my head. The title is there, all I have to do is dig out the content.

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  8. Thanks for hosting this week and for including my post. :-)

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  17. Ryan Donnelly says:

    I’d like to make a stock recommendation that I’ve had a good experience with: Strata Oil & Gas. They are a junior oil stock company that is engaged in the exploration and development of Alberta (Canada) oil sands resources. They are currently trading as a penny oil stock. Seems like a good buy at the current stock price.

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