Carnival of Financial Planning – Edition #240

Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs – Carnival of Financial Planning – Edition #240 – June 8, 2012 -
Welcome to the June 9, 2012 Edition #240 of the Carnival of Financial Planning.

The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security. — This edition is arranged by subject heading, so that you can browse efficiently. Enjoy!

The Skilled Investor, Editor

Budgeting and Economics

JP presents Are Bank CDs a Waste of Time and Money for Families? posted at My Family Finances, saying, “These days its hard to see bank CDs as anything but a waste of time and money for your familys finances.

Dan presents Wall Street Markets posted at Wall Street Stocks , saying, ” From the days when front-running involved actual running to the “Victorian Internet era” brought on by telegraphy, we can learn a great deal from looking back at a simpler era.”

Ashley presents Get a Free $25 to Lend on Kiva posted at Money Talks Coaching, saying, “Maybe I’m behind the times on this but I recently learned about Kiva. I’d heard of it before but I didn’t know what it was.

Financial Planning

Kyle presents How to Make Money as a Part-Time Baseball Umpire posted at The Penny Hoarder, saying, ” If you love the sport of baseball and have some free time, theres no reason you cant be an umpire for real and get paid to do it!

krantcents presents The 3R’s of Success posted at KrantCents, saying, “The 3 R’s of Success is the eighteenth in a series of articles to help you reach your goal.

Emily presents Outdated and Bad Financial Advice posted at PT Money Personal Finance, saying, “Everyone has financial advice to offer, but it’s important to weigh what people have “always said against the current economic situation. This post offers 3 tips that aren’t good advice anymore.

Roger the Amateur Financier presents Being Truly Prepared for an Emergency posted at The Amateur Financier, saying, “A guide to emergency funds, showing how they can be used to help protect you in financially tough situations.

Wally presents Best Fixed Income Fund posted at Bond and Fixed Income Funds, saying, “Even professional bond market money managers do not beat the bond market.”

MR presents Are You Underestimating Your Abilities and Potential? posted at Money Reasons, saying, “Are we underestimating ourselves? Read my story of a brilliant neighborhood mom that could have made much more money in life.

Jen presents Addictions Can Ruin Your Budget posted at Master the Art of Saving, saying, “Addictions can get expensive, not all of them, but some of them can. Addictions can ruin your budget and financial goals. Will addictions ruin everybody’s.

TSI presents Fund manager performance   posted at Skilled Investor , saying, ” If investment mutual fund managers were truly skilled at beating the market, then you would expect mutual fund manager performance prowess to persist over time.  ”

Kevin presents Invest in Used Washers and Dryers, Get Rich posted at Thousandaire, saying, “I bought a washer and dryer set for cheap and re-sold it four years later for a 75 percent profit.

Daniel presents Reevaluating Your Wireless Service posted at Sweating the Big Stuff, saying, “Do you spent too much on your wireless service? These people are perfect examples of why you should reevaluate your plan today!

PFP presents Financial planning reading posted at Financial Planning Reader , saying, ” Clients often ask what they should read to improve their financial literacy. ”

Debt Guru presents Are You Entitled? Does Entitlement Lead to Debt? posted at Debt Free Blog, saying, “Find out how the feeling of entitlement affects your spending habits and what you can do to stop it.

Kanwal presents Did You Buy Shares in Facebook? Should You? posted at Simply Investing, saying, “On Friday May 18, 2012 Facebook became a public company. Facebook shares began trading on the stock market, meaning anyone could now own a part of the company. But should you have bought shares in Faceboook? The answer is no. Facebook shares started trading at $38 each, which valued the company at $104 billion.

PFP presents Tax Management  posted at Pasadena Financial Advisor , saying, ” You should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.”

Tushar presents Understanding the Different Stock Indexes posted at Start Investing Money, saying, “Read more to understand the difference in the stock indexes. Information is power when it comes to the exchanges!

Income

Squeezer presents How to sell your items on Craigslist posted at Personal Finance Success, saying, “Selling stuff on Craigslist is a good alternative to throwing items away because it does not use any landfill space and you can make money in the process.

Jason presents 8 Ideas to Make the Most of Your Next Business Trip posted at One Money Design, saying, “Your next business trip doesn’t have to be a downer. There are plenty of ways to make it a positive experience!

Martin presents Freelancers Hall of Fame posted at Start Freelancing Now, saying, “A list of freelancers doing cool things and getting paid for it.

Insurance and Risk

SFB presents Is Getting Pet Insurance Worth It? posted at Simple Finance Blog, saying, “For some people, the issue of getting pet insurance is simply ridiculous.

FMF presents Insurance You Need and Don’t Need posted at Free Money Finance, saying, “The Wall Street Journal lists insurance you don’t need, some you might consider, and policies you must have. The list begins with the types of insurance you can skip and includes the following: Pet insurance, Home warranty, Extended warranties, Mobile-phone insurance, Identity-theft insurance, Flight insurance, Wedding insurance

Don presents How to Protect Yourself from Identity Theft posted at My Dollar Plan, saying, ” Identify theft can happen to anyone – find out how to protect yourself!

Sally presents Risk and returns posted at Do-It-Yourself Finance , saying, ” More conservative portfolio investments have yielded substantially lower investment returns than the returns that riskier investments have delivered. With either lower or higher risk-adjusted market return strategies, you simply cannot have your financial cake and you eat it too.”

PPlan presents Insurance: Pros and Cons posted at Provident Plan, saying, “In all walks of life, it pays to be safe. Doing your best to ensure that you dont succumb to any illness, injury or any other form of harm is important

Investing

J.P. presents The Best Stock Screener Tools Online posted at Novel Investor, saying, “The best stock screener allows investors to quickly filter through thousands of stocks using their own unique criteria that matches their investment strategy.

Young presents Investors Group Update: Lower MERs posted at Young And Thrifty, saying, “Slowly but surely, those who are preaching the low MER fees Gospel (and I will proudly number myself among the faithful) are winning the battle for the hearts and minds of Canadian investors.

Kelly presents Investment risk tolerance posted at Investment Risk, 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.”

Glen Craig presents What is Passive Investing? posted at Free From Broke , saying, “You hear about passive investing all the time. But what does it really mean? See what passive investing is and how an investor can go about passive investing.

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

Familymoneyvalues presents CNBC posted at Family Money Values, saying, “Do you watch the market news on CNBC television? They have various shows running throughout the day such as Squwak Box, Fast Money, Closing Bell, Power Lunch and etc. Each of these shows, during Monday through Friday, run stock tickers of various kinds showing what is going on in the market. I have done some research to help you understand what some of the various tickers really are.

Willie presents Superior Fund Performance posted at NoLoad 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.”

Dividend Growth Investor presents How to generate $1000/month in dividends posted at Dividend Growth Investor, saying, “The goal of every dividend growth investor is to create a portfolio which throws off a sufficient stream of income that pays their expenses. As soon as the amount of dividends exceeds the monthly expenses, the investor has reached financial independence.

Managing Debt

Corey presents Debt Settlement vs. Debt Consolidation posted at Steadfast Finances, saying, “Debt settlement and debt consolidation are among the top debt-reduction options for individuals who have more debt than they can handle. While both tracks can help you get out of debt, their approaches are very different.

Jon the Saver presents 5 Ways to Pay Off Your Mortgage Without Breaking the Bank posted at Free Money Wisdom, saying, “Imagine your life without a mortgage; youd have more money to spend, more money to save, more money to invest more money for everything!

Don presents What Are Your Options for Dealing with Debt posted at MoneySmartGuides, saying, “One of the biggest problems with debt is that being burdened by it makes you feel helpless. However, you always have options for dealing with debt, for tackling it yourself to using debt management services by Pay Plan.

Janet presents Canadians Pay High Fees for Credit Card Use posted at Credit, Eh, saying, “If you are Canadian, and you use a credit card, chances are you are paying for that privilege — even if you don’t carry a balance and use your Canadian credit card interest-free. The fees charged to merchants in Canada for accepting credit cards are among the highest in the world.

Real Estate

Aloysa presents Would You Pay More For a House With a View? posted at My Broken Coin, saying, “Do you think that houses with an excellent view is worth more? Would you pay more for one?

Retirement

Mike presents Biggest Mistakes That We Make When Saving For Retirement posted at Do Not Wait, saying, “We look at common retirement mistakes.

Whitney presents Retirement Planning Software posted at Retirement Savings, saying, “While personal wealth should measure current financial investments and other salable assets, it should also measure your ability to sustain your household budget, build up your investment portfolio, and weather potential financial risk and misfortune across your lifetime.”

Invest It Wisely presents Living to 100 and Beyond: The Changes Ahead posted at Invest It Wisely, saying, “This is the second in a series of articles on living to 100 and beyond. This post was originally published on May 26, 2010. Living to 100 and beyond…

Franklin presents Traditional and Roth IRA  posted at Retirement Planning , saying, ” Many taxpayers puzzle over whether to contribute to traditional versus Roth tax-advantaged retirement plans. For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”

Savings

Teacher Man presents Is the Extended Warranty Worth It? posted at My University Money, saying, ” What you are being sold using catchy terms like “layers of protection” is an extended warranty. These products differ widely in what they cover, but the basic idea is that for a yearly fee, the place where you are buying the product will fix your purchase if it breaks or malfunctions. As with most financial products, the devil in the details, but the vast majority of the time, you should politely decline the offer.

TSI presents Hard work and wealth posted at The Skilled Investor, saying, ” How much you earn, spend, budget, and save are by far the most dominant determinants of your long-term financial well-being. Self-control in your financial decision-making regarding budgeting and consumption is far more important than clever investing.”

Mike presents Do You Need Money To Make Money? posted at The Financial Blogger, saying, “Do you have to start off with money?

Taxes

Paul presents Retirement Planning posted at Tax Planning Software, saying, “Retirement planning software should automate the development of lifetime projections that incorporate tax laws and rules associated with tax-advantaged retirement investment incentive programs such as traditional IRA, Roth, 401k, 403b, SEP, Keogh, and other retirement plans.”

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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