Carnival of Financial Planning – Money Management Edition #251 – August 25, 2012

by Suba on August 25, 2012 · 1 comment

Welcome to the August 24, 2012 Money Management Edition #251 of the Carnival of Financial Planning.

This edition is arranged by subject heading, so that you can browse efficiently.


Budgeting and Economics

Amanda L Grossman presents My Advice to a Person Budgeting for the First Time posted at Frugal Confessions, saying, “Someone asked for my help this past week in creating a budget for their household.

Mike presents How to Budget For a Vacation posted at Experiglot, saying, “How you can plan financially for your next trip.

A Blinkin presents The Ideal Budget for a Single Guy Age 24 posted at Funancials, saying, “The transition from college student to young professional can be one of the most fun times in your life, but it can also be a time of stress. The increasing inflow can be extremely exciting, but only if it exceeds the increasing outflow. The bills that mom and dad used to cover without your knowing are now directed to your mailbox. This article will tell a 24 year old single guy how to budget.

Green Panda presents Stop Spending and Start Saving Right Now! posted at Green Panda Treehouse, saying, “How you can keep more of your money.

Bob presents 70+ Personal Budgeting Categories to help you start your budget posted at ChristianPF, saying, “In order to have an effective budget, you’re going to need some basic personal budget categories to start. Determining your budget categories isn’t always easy, especially if you’ve never made a budget before. Start your budget off right.

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.”

Michelle presents Back to School Already? posted at See Debt Run, saying, “This article discusses some tips to get your kids ready for school on the cheap. You can utilize clothing swaps, ebay, relatives, and by generally being smart.

Financial Planning

Marie at FamilyMoneyValues presents Kids and Money posted at Family Money Values, saying, “All of the planning and legal documents in the world won’t stop a determined heir from squandering your hard earned bequest to them. Train them young on responsible personal finance. Here’s how I am doing just that.

Ray @ Financial Highway presents Why You Shouldn’t Buy a House on a “Shoe String” posted at Financial Highway, saying, “Now is a great time to buy a house—interest rates are at all time lows, and house prices have fallen significantly. In some markets you can get a house at 2005 prices with 2012 interest rates, which makes now a special time in the housing market. But you do have to be a bit careful in how you do it.

Hank presents Fee Based Vs Commissioned Based Financial Planners posted at Money Q&A, saying, “There are two main types of financial planners fee based and commission based. Both types of financial planners provide financial advice on how to best manage most aspects of your financial life.

Daisy presents Planning For Homebuying posted at Add Vodka, saying, ” I will admit that I am really not always the most patient of people. When I get something in my head, I want it now. Not in a year, not in three months, NOW.

Aloysa presents How Much Money Are We Supposed to Spend on Friends? posted at My Broken Coin, saying, ” Friends. My biggest monetary pet peeve lately. Nowadays it is not easy to be a good friend. Nor it is cheap anymore.


Wayne presents Steps to Achieve Financial Security posted at Young Family Finance, saying, “Learn three basic steps to achieve financial security. Everyone should be striving for this goal because of what it offers.

Insurance and Risk

Ryan presents How Much Life Insurance Do You Need? posted at The Military Wallet, saying, “Virtually everyone needs life insurance as part of a balanced financial plan, but many people don’t know how much they should buy. We examine a few different rules of thumb to answer this question. in the end, though, each situation is unique.

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.”

JP presents No. You Don’t Need to Buy Life Insurance for Your Children posted at My Family Finances, saying, “Buying life insurance for your children to guarantee insurability is like paying money to protect hypothetical people.


Joe @ Excess Return presents Indexing with ETF or Mutual Fund? posted at Excess Return, saying, “It is hard to argue against a strategy that produces a better return than most investment choices. If you want to invest using an index strategy, you with have two vehicle choices: ETFs or mutual funds. Each has its own set of advantages and disadvantages. How you invest will play a big role on which option is best for you.

TRL presents Real Estate Leverage – Using it to Your Advantage posted at The Retired Landlord, saying, “Are you wondering what real estate leverage is? Find out the answer and how to leverage your money to build wealth faster without the risk.

Ryan presents Investing for Cash Flow – Building a More Diversified Investment Portfolio posted at Cash Money Life, saying, “After reviewing my investment portfolio, I realized virtually everything was tied up in the stock markets. That has historically been a recipe for success, but my goal is to further diversify my portfolio to include investments that generate cash flow.

Dan presents Best ETFs for a Romney-Ryan Republican Victory in 2012 posted at ETFBase, saying, “Want to know which ETFs would be great investments if the Romney-Ryan ticket wins the election? Here are the investment themes that would benefit most now that Romney has chosen his running mate.

Glen Craig presents The Different Stock Market Sectors – Are You Taking Advantage? posted at Free From Broke , saying, “Besides the vast number of stocks you can find there are also stock market sectors. See what the most common stock sectors are and how they can help you.Darwin presents My Roth IRA: Beating the Market and a Look Under the Hood posted at Darwin’s Money , saying, “Think it’s impossible to beat the market? It’s not; I’ve been doing it for 7 years as evidenced by this high yield portfolio. Take a look at how I structured my investments to beat the index in up or down markets.

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.”

Div Guy presents Quick Guide to Analyze Dividend Funds posted at The Dividend Guy Blog, saying, “How you can look at a dividend stock and determine what you should do next.

Joe presents The Difference Between Saving and Investing posted at Personal Finance By The Book, saying, “Most of us innately know that saving and investing are not the same, but do we understand the difference? Because clarity in this distinction can greatly impact one’s financial well being, realizing these difference is vital. The key is in two words: risk and liquidity.

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.”

Darnell @ Excess Return presents How to Minimize Investment Risk posted at Excess Return, saying, “From time to time, when things seem a little directionless in the marke it helps to step back and remind ourselves of the basic tenets of investing and reinforce key fundamentals so we do not lose track of our investing goals.

Pierre presents Dot Com Bubble Bursting V2.0? posted at Intelligent Speculator, saying, “We take a look at the current market to determine if there is a bubble.

Managing Debt

Debt Guru presents Prioritizing Your Debt Pay Off posted at Debt Free Blog, saying, “Find out the best strategy to paying off debt. Learning the best way to pay off debt can motivate anyone to get started now.

Daniel presents What Determines the Value On Your Home Loan? posted at Sweating the Big Stuff, saying, “You’ll see a lot of three-letter acronyms thrown around as you shop for a home loan: APR, FHA, PMI. It’s enough to make your head spin. But there’s one mortgage acronym – LTV, short for loan-to-value ratio – that’s always puzzled me. Read more to get the lowdown!

PPlan presents Is Prepaid or Traditional the right credit card for you? posted at Provident Plan, saying, “Last week I talked about whether you should avoid debt. In case you havent read the article, I talked about how managing our finances, like much of life, is never black and white. This applies to debt. In many ways it may be advantageous to be debt free, but not always.

John presents We Did It: Debt Free posted at Married with Debt, saying, “How we became consumer debt free, and how you can too. Intentional living for married couples. Get out of debt.

Real Estate

Maria presents Real estate ownership: a blessing or a bother? posted at The Money Principle, saying, “I am on holiday and the real estate problems I have in Bulgaria is heavy on my mind. To rent or to sell?

Kevin presents Prepare For An Emergency Today!!! posted at Thousandaire, saying, “Let me tell you a story about what happened to me and my girlfriend Tag over the weekend. It was seriously one of the scariest moments of my life.

Sustainable PF presents That Old Refrigerator May Be Costing You posted at Sustainable Personal Finance, saying, “Got an old fridge? Tired of soaring energy costs? Here are some strategies to save you money!


Darrow Kirkpatrick presents A Floor with an Upside: The Best Strategy for Lifetime Income? posted at Can I Retire Yet?, saying, “Here is another post from my blog Can I Retire Yet? that relates my own retirement experience to some recent research. It should be of interest to everybody in or near retirement. It makes the case for building a retirement income floor using a pension or Social Security plus part of your nest egg, while keeping the rest invested for an upside.

FMF presents Fund a Teenager’s Million-Dollar Retirement posted at Free Money Finance, saying, “How to fund a Teen’s million-dollar retirement.

Corey presents Should You Invest in Dividend Stocks? posted at Steadfast Finances, saying, “Find out if dividend stocks live up to the hype. The payment structure seems to have an advantage on other stocks, but is that really the case?

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 I Don’t Need to Worry about Retirement Yet, Do I? posted at Invest It Wisely, saying, “When is it time to worry about your retirement savings? Read my article to learn when…


Jester presents Make Time To Enjoy Life While Swimming in Chaos posted at The Ultimate Juggle, saying, “You never know what is around the corner, so make sure you make time to enjoy life! You only get one shot at it!

Freedom presents Savings Rates posted at Financial Freedom Plan , saying, ” Understand how your current savings rate and retirement withdrawal rate would affect all of  your retirement assets.”


Monroe presents Roth Conversions posted at Do-It-Yourself Finance , saying, “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.”

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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Suba is the editor of Broke Professionals.

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