Welcome to the June 29, 2012 Edition #243 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.
The Skilled Investor, Editor
Budgeting and Economics
FMF presents Securing Your Credit posted at Free Money Finance, saying, ” If you plan on applying for a new job or applying for a credit card, car or home loan, you may want to check your credit report first. A U.S. Public Interest Research Group report in 2004 found that one in four credit reports have serious errors that could significantly lower your chances of being approved.
Ashley presents I H8 Debt posted at Money Talks Coaching, saying, “I’ve been kinda MIA for a while. I’m going to use the excuse that I’ve been very busy with my new job.
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.”
Jeff Rose presents Top Merchant Services for Small Businesses posted at Good Financial Cents, saying, “Earlier this year I embarked on a new business venture. It was mostly dealing with offering an online service so I was forced into researching different merchant services for small businesses. Was I in for a rude awakening. I can’t believe all the different options that exist today for small businesses.
Ben Feldman presents Announcing the New ReadyForZero Resource Centers! posted at ReadyForZero Blog, saying, “Have you been trying to keep up to date on personal financial topics like student loan debt, credit card debt, budgeting tips, and more? This article will show you the new resource centers ReadyForZero created to keep you in the know on these important topics so you can get the information you need quickly and easily.
Sustainable PF presents Why You Don’t Want to Keep Up with the Joneses posted at Sustainable Personal Finance, saying, “Most of us have heard about keeping up with the Joneses, this article explains why you definitely should not do this!
Suba presents Crucial Questions To Ask When Hiring A Financial Planner posted at Broke Professionals, saying, “Crucial Questions To Ask When Hiring A Financial Planner is a post from: Broke Professionals if you enjoy it, please visit us and subscribe to the Feed. It can be difficult to hire someone who isn’t in your field of expertise.
DL presents Global Financial Markets posted at Nerds on Wall Street , saying, ” Stock markets are almost perfectly transparent, with full information available to all, and the best electronic clearing and settlement in history. These technologies were omitted in building the skyscraper of cards (“house of cards” seems too mild) out of collateralized debt obligations (CDOs), credit default swaps (CDSs), synthetic collateralized debt obligations (SCDOs), and the rest.”
Corey presents The Hidden Costs of Owning a Smart Phone posted at Steadfast Finances, saying, “Smart phones can be great to use, but they can cost an arm and a leg. Find out if it is worth the cost.
Daisy presents Informal Learning Through Blogs posted at Add Vodka, saying, ” I am a huge advocate for lifelong learning. I think its important to continuously develop oneself, learn new things, and gain new skills.
PFP presents Financial planning reading posted at Financial Planning Reader , saying, ” Clients often ask what they should read to improve their financial literacy. ”
krantcents presents The 3 U’s of Success posted at KrantCents, saying, “The 3 U’s of Success is the twenty-first in a series of articles to help you reach your goal.
PPlan presents Why Conservative Christianity is Inherently Frugal posted at Provident Plan, saying, “Find out why conservative Christianity can help many people and families save money.
Franklin presents Passively Funds posted at Investor Strategies, saying, “On average, higher mutual fund turnover is far more likely to result in lower investment fund performance — instead of superior risk-adjusted performance.”
Passive Income Earner presents High Interest Account Review posted at The Passive Income Earner, saying, “We all keep some cash around for paying bills, for future spending or simply for emergency. While we may only keep that money for weeks or months, we all want to have it earn the best interest possible while it remains in the bank.
Daniel presents Is An Allowance for Kids A Good Idea? posted at Sweating the Big Stuff, saying, “How should kids be taught about money? Is an allowance a useful tool or is it bad for children?
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.”
Paula presents Is Six Figures Still a Lot of Money? posted at Afford Anything, saying, “One in five U.S. households earn $100,000 or more, according to the Census Bureau. So it is still a lot of money?
Jester presents Ways to Start a Business posted at The Ultimate Juggle, saying, ” Find out some of the many ways you can create your own business that don’t require taking out loans.
PITR presents Funding New Business Ideas posted at Passive Income To Retire, saying, “Find out how I plan to fund new business ideas and why a small cash flow gives me the advantage.
Josh presents 10 Creative Ways to Make Money posted at Live Well Simply, saying, “Here are 10 Creative Ways to Make Money. So, get out there, be creative, and make some money.
Martin presents Completely Random Freelancing Tasks That Equal Money posted at Start Freelancing Now, saying, “Totally random ways to make money that you may have never thought of.
Insurance and Risk
FMF presents Good Advice on Long-Term Care Insurance posted at Free Money Finance, saying, “This article is full of advice on long-term care insurance.”
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.”
ETZ25 presents Dividend Stocks For Entertainment Update 1 posted at Entertainment Timez, saying, “This is our plan of action that we want to take and the entry point that we will make our first stock purchase for the dividend stocks for entertainment.
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.”
Invest It Wisely presents Living to 100 and Beyond: Building an Infinite Portfolio posted at Invest It Wisely, saying, “This is the fourth and final post in a series of articles on living to 100 and beyond. In this post learn about the importance of creating an infinity portfolio!
TSI presents Morningstar Ratings 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.”
MR presents Victory With REITs? posted at Money Reasons, saying, “This is the victory that I’ve been having with REITs over these past 3 or 4 years. It’s been an exciting time!
Tushar presents Got Credit Card Debt? Then Don’t Invest posted at Start Investing Money, saying, “As you’ll no doubt have noticed, the whole idea behind this website is to encourage and guide you in the process of investing money. But there are always caveats to this procedure. The main one is to note that debt should always be taken care of first.
Dividend Growth Investor presents Dividend Investors – Do not forget about total returns posted at Dividend Growth Investor, saying, “Dividend investors often get into the strategy because the dividend component of total return is more stable. This makes it an ideal strategy for retirees to live off dividends and not be dependent on short term market fluctuations.
Pierre presents Stop Blaming Investors & Hedge Funds posted at Intelligent Speculator, saying, “Who are you blaming for your investment situation?”
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.”
Ryan presents Spread Betting and the Stock Market posted at Early Retirement Investments, saying, “Learn about spread betting and the stock market, perhaps it is a strategy that you can use?
CCS presents What is Credit Utilization and Why it Matters posted at Credit Card Smarts, saying, “An important factor in your credit score is your credit utilization. See what credit utilization is and why you need to keep track of it.
John presents Push Yourself, But Not Over a Cliff posted at Married with Debt, saying, “If you’ve been following our debt payoff progress reports, you know that we are two months away from paying off approximately $100,000 in consumer and student loan debt.
Jason presents What To Do When Selling a House – 7 Things To Get it Ready to Sell posted at Work Save Live, saying, “What To Do When Selling a House After looking at potential houses to buy over the last month, it AMAZES me how many people simply dont get their house ready to sell.
Jen presents 5 Things To Consider Before Buying Your First Home posted at Master the Art of Saving, saying, “When the idea of buying a home first came to mind, years ago, I set some conditions to meet first. I figured that I would know I was ready to buy my first home.
101 Centavos presents More Random Tips for the Kitchen posted at 101 Centavos, saying, “Yet another recycled post while were away galavanting around Europe. This one originally published in November 2010. More random tips for the kitchen: 1 Forget the salad spinner. It just takes up space in your cabinets. Rinse the greens in a regular colander, then place them on a clean kitchen towel.
JP presents Frugalistas Know Better Than Income Over-Acheivers posted at My Family Finances, saying, ” I want to increase my savings; should I focus on cutting the frills from my budget or pursue new sources of income? Although most writers would agree that both are useful, bloggers tend to split into two groups: Frugalistas and Income Over-Acheivers?
MMD presents Be Careful With The 4% Rule for Retirement Withdrawals posted at MyMoneyDesign, saying, “How safe do you think the 4% withdraw rate is for your retirement, and what variables affect its success? Is there a chance you may want to start with a lower percentage?
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.”
John presents How Old is Too Old for Hands-On Financial Management? posted at Wallet Blog, saying, “Is it necessarily a good idea to continue managing your finances without professional assistance as you move into retirement? Are there better ways to secure your future finances than a 401(k)? What are we missing?
Knowles presents SandP 500 Funds posted at Large Cap Index 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 We Set Up a Fun Budget posted at 20s Finances, saying, “I have previously talked about our jump in income over the past year. For those who don’t know, I started making a little money on the side from my new hobby and my wife got a promotion. We have been very diligent in saving and putting money towards retirement, but we never really gave in to some of our wants.
Amanda L Grossman presents 20 Ways to Not Spend Money While Onboard a Cruise, and Still Thoroughly Enjoy Yourself posted at Frugal Confessions, saying, “Cruises are not frugal ventures. Just to purchase the airfare and tickets can cost a small fortune, let alone actual spending once you reach your travel
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.”
A Blinkin presents Saving Money in a Home Office posted at Funancials, saying, “If you run a home-based business, you probably have encountered this beforeSince you’re not in a normal office, should you spend money on expensive equipment? Or are there other alternatives to suite my needs? It’s a question that office workers don’t consider – they just go to their copy room and utilize the vast array
Steve presents Five Ways to Avoid Destroying Your Retirement posted at 2012 Tax, saying, ” Just because it is said that you should retire at 65 doesn’t mean you should.
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.”
Edward Webber presents 2012 Working Tax Credit Changes posted at TaxFix Blog, saying, “If you are want to claim working tax credits, the rules have changed in 2012. This post will help you understand the changes.”
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