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Carnival of Personal Finance #44

Written by Nickel - 21 Comments

Good morning, and welcome to the 44th edition of the Carnival of Personal Finance. Coming on the heels of two somewhat ‘elitist’ Carnivals, I’ve decided to return the Carnival to it’s inclusive roots. If an on-topic post was submitted (and pretty much everything was at least loosely on topic), then you should see it below. As an aside, I think it’s a bad idea for a host to filter out submissions to a Carnival like this. After all, we’re talking about PERSONAL finance. Tastes are likely to differ, and I’d like to think that we’re all smart enough to decide on our own what’s interesting and what’s not. Okay, end of rant… On to the Carnival…

pfBlueprint contributed Faces of Personal Finance Blogs — “Ever curious what your favorite personal finance bloggers look like? Yeah, me too. So what better way to showcase all their smiling faces than here?”

Fidelity Observer contributed If Hackers Empty Your Online Mutual Fund Accounts, Too Bad! (Unless…) — “If your mutual fund account gets hacked, don’t assume you’ll be reimbursed by your financial services company. But there are some steps you can take to protect your online accounts, that may save you a lot of money and grief.”

About PMI contributed Avoiding PMI With Piggyback Mortgages — “Private mortgage insurance is only applicable when your LTV ratio is greater than 80% so to avoid paying PMI you must get the LTV ratio under 80%. There are three ways to do this…”

Credit Card Blog contributed 33 Tips to Dig Yourself Out of Credit Card Debt — “When you have buried yourself under a mountain of credit card debt, it can feel as though you’ll never get out from under it. The thought of owing so much money while being pummeled every month by high interest rates is overwhelming. But the truth is that people like you do pay off their credit card debt every year, and you can too (with a bit of discipline).”

Mapgirl’s Fiscal Challenge contributed Buying Insurance — “Buying all kinds of insurance is really important. Here’s a few essential tips.”

Thoughts and Stories of an Entrepreneur on the Web contributed Money – What Is it Good For? — “A look into where money should fit into life and how it is and isn’t important.”

Young and Broke contributed Look at those low, low rates!…NOT — “Why those with federal student loans should consolidate before July 1st and what the new laws entail…”

FreeMoneyFinance contributed Americans Think Retirement Savings Going Well, but They Need to Think Again — “Americans think they’re doing ok saving for retirement, but they aren’t.”

My 1st Million at 33 contributed How I earn extra 1.45% return without risk in my 401k account — “After a little contemplation, I found out this trick of earning extra 1.45% return without any risk in my 401k account.”

Indie Mission contributed Five Rules for Buying at the Big-Box Stores — “Big-box stores like Costco can be big-time budget busters. Walking into a warehouse of merchandise and wandering around with an oversize shopping cart can lead to spending hundreds of dollars more than I intended when I walk out again. I’ve developed my own 5 rules for maximizing savings when I shop Big-Box.”

Fearless Philosophy for Free Minds contributed Fearless Philosophy Flashback: We Can Make April 15th Just Another Day — “The Fair Tax plan will allow workers and retirees to keep their entire paychecks (minus other non-federal withholdings), close all tax loopholes, eliminate the need for individuals to file tax returns, abolish the IRS with the effect of ending tax audits, eliminate hidden taxes on goods and services, increase government accountability, level the playing field for American-made products with foreign competitors, and allows families to buy basic necessities tax-free.” (Editor’s note: It seems like there’s an anti-IRS post in just about every Carnival, and this is no exception.)

InsureBlog contributed High Deductible High Jinks — “Bob Vineyard expalins how to make High Deductible Health Plans work for you, and explores some common mistakes folks make.”

The Dividend Guy Blog contributed Preferred Shares as a Form of Income — “One option for dividend investors is to purchase preferred shares of good quality organizations. The difference between preferred shares and regular shares is that preferred have some additional rights attached to it that an investor receives.”

It’s Just Money contributed How to stick to a budget: Self Discipline or Habit Forming? — “Professional athletes are gifted, but require self discipline to get to the top. Same goes for being an all star budgeter.”

Growth in Value contributed Dr. Flowlove or How I learned to stop caring about EPS and love the cash — “Most investors focus too much on earnings per share in making their investing decisions – but cash flow is a much better indicator of a business’s overall health.”

Ask Uncle Bill contributed You, Inc. And The IRS — “Because it is that time of year and time to lose the fear of audits.”

InvestorGeeks contributed Financial Advisors Have Top Jobs — “Financial planning is a rapidly growing and desirable field that recently made #3 on Money magazine’s 50 Best Jobs list. This article highlights the rewards and challenges of this up-and-coming career.”

Financial Fitness Pro Forum contributed two three articles (tsk, tsk!). So… Here’s the one that I picked on their behalf: Building Wealth Through Teamwork — “Generally speaking, it’s very difficult to do everything yourself and be an expert on all topics. If you agree, then the notion of building wealth and making money through teamwork makes perfect sense.”

The Family CEO contributed Hiring Myself: Month 1 = $8311 saved — “Three weeks ago I hired myself to find savings in my family’s budget and possibly some ways of earning income as well. One of the purposes of this blog was to keep track of the steps I’d taken. I was unsure, however, of exactly how to track my progress. Some things were straightforward; others not so much.”

Published on April 17th, 2006
Modified on December 4th, 2008 - 21 Comments
Filed under: Carnivals

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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21 Responses to “Carnival of Personal Finance #44”

  1. 1
    Flexo Says:

    Thank you for hosting1 Great job!

  2. 2
    hgstern Says:

     
    WoW! Tremendous job. And I agree with you about the value of inclusiveness.

    Thanks for all your hard work, it really shows!
     

  3. 3
    mapgirl Says:

    Thanks for hosting! I love being put near the top!

  4. 4
    justanotherblogger Says:

    Maybe you should highlight some of the best posts of the week, instead of merely including everyone’s post.

    This way, readers won’t merely click on the first few links and subsequently get overwhelmed by the sheer amount of remaining posts.

  5. 5
    nickel Says:

    Maybe I wasn’t clear when I said that this week’s Carnival was intended to be inclusive, with a minimal amount of editorial authority telling people what is or isn’t interesting. There’s a summary included with every single entry — in most cases I had to go in and cull this out myself, as most submitters don’t provide one — and, as I said above, I’d like to think that the vast majority of people that happen upon my site are intelligent enough to figure out what’s interesting on their own. If they have a short attention span, then so be it. In short, if you don’t like how it’s done, then you should sign up and host it your way.

  6. 6
    MoneyDummy Says:

    I appreciate the inclusive approach that you took. I was surprised at how quickly I lost interest in the Carnival of Personal Finance when it began to look like I was only going to get to read the ten posts that the host felt were worth reading.

    I’m interested again! Thanks!

  7. 7
    About PMI Says:

    Thanks for including me! (incidentally, you mispelled PMI as PMY, no big deal though)

    nickel says: Fixed!

  8. 8
    Tim MMF Says:

    Wow, that is a whole lot of entries! I like the inclusive idea. Good job!

  9. 9
    Fidelity Observer Says:

    Thanks, Nickel, for the link. This is the second time Fidelity Observer has been linked from a carnival — the first time was at the bottom of a long list, but this time I was much higher up. I am grateful for both links, regardless of the position and description. It’s great to be seen by a wider audience, and to see what other folks are up to.

    Keep up the great work!

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