Welcome to the 57th TotallyMoney Blog Carnival – Words of Wisdom Edition. The title of this carnival is Totally Money which eludes to the influence of money in our lives. Along with this collection of writings, I thought it would be appropriate to include some thoughts from others on the subject…
J.P. presents An Under-Invested America: Is Conservative The New Norm? posted at Novel Investor. Nobody has gotten rich earning less than 1% on their money. Yet eight times more money has been put into savings accounts than into stock and bond funds, since the market crash of ’08.
FG presents A Frugal Manifesto posted at Financial God. 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?
Daisy presents Individual Opportunity Costs posted at Add Vodka. 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?’
SFB presents Why Index Funds Will Always Beat Active Managed Funds posted at Simple Finance Blog. 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?
We make ourselves rich by making our wants few.
- Henry David Thoreau
And the best of the rest…
Budgeting & Career
Money Beagle presents Our Major To Do Items For 2012 posted at Money Beagle. Having a plan will keep us on track and hopefully on budget to get some big things done this year.I went to the bank and reviewed my savings, I found out I have all the money I’ll ever need. If I die tomorrow.You don’t pay taxes, they take taxes.
It’s not what you achieve, it’s what you overcome. That’s what defines your career.
- Carlton Fisk
Suba presents How to negotiate salary even in a tough economy posted at Wealth Informatics. 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
Corey presents Living With Parents after Graduation from College posted at 20s Finances. 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.
Linsey presents I Want to Be a Bookkeeper posted at 1099 Mom. Today’s “I Want to Be” Series features Nikki Hughes , a bookkeeper, blogger, homemaker and more! Nikki recently released Your Blogging Business, a must-have resource for keeping finances and tax info straight when you blog! Find out how to connect with Nikki at the end of this article.
Matt presents In Business You Cannot Do It Alone posted at Living in Financial Excellence. The one piece of advice I would give to someone who was starting a business would be to get into community with other like-minded people.
YFS presents How To Get Rid of Your Student Loans Without Paying or Ruining Your Credit! posted at Your Finances Simplified. The only way I know that you can get rid of student loans is through the process of Permanent Disability Discharge, in which individuals get assistance in paying off the amount of their education loan. However, there is a strict guideline as to who can qualify…
KT presents 5 Ways to Save Money at Starbucks posted at Personal Finance Journey.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.
Jeremy Waller presents How to Deal With Creditors When You Can’t Pay posted at Personal Finance Whiz. Despite the harsh lessons that were taught to us by the Great Recession, it seems that we haven’t quite gotten the message about the dangers of overleveraging!
Miranda @ Financial Highway presents How to Improve Credit Score posted at Financial Highway. More and more, your credit score is being used to make judgments about your ability to handle your finances. If a low score seems to indicate that you are irresponsible, it will be difficult for you to take advantage of the best offers and loan terms in the world of finances. If your poor credit score is holding you back, here are some things you can do to boost your financial reputation.
A bank is a place where they lend you an umbrella in fair weather and ask for it back when it rains.
Dana presents How Do You Know If You Have a Debt Problem? posted at Caffeinated Finance. Many people are in denial when it comes to their debt situation. Here are 10 tell tale signs that you have a debt problem.
D.J. presents How to Let Go of Debt Guilt posted at The Family Wallet. Guilt is a powerful emotion, and it can hinder our efforts to make things right. By letting go of guilt, you give yourself a better chance of recovering from debt.If you can, you will quickly find that the greatest rate of return you will earn is on your own personal spending. Being a smart shopper is the first step to getting rich.
Philip Taylor presents Should I Consolidate My Student Loans? posted at PT Money Personal Finance. Discusses student loan management, as well as whether or not it should take precedent over credit card debt.
Melissa presents Debt Snowflake Challenge #9, Don’t Give Up When Progress Slows posted at Mom’s Plans . If you don’t make much progress for a week, or a month, or two months, don’t give up. As long as you aren’t incurring new debt, you are heading in the right direction, albeit slower than you would like. But you’ll get there.
A bargain ain’t a bargain unless it’s something you need.
- Sidney Carroll
Colin Williams presents Financial Lessons From The 1940s And 1950s posted at humble savers. A snapshot of times gone by and how we can learn from them to better manage our money for today’s difficult economic conditions.
Little House presents Gas Prices Today posted at Little House in the Valley. I will not be surprised if gas prices continue to peak out around $5.00 a gallon than simmer down around summer or fall. Until then, I’ll be riding my bike!
Miss T. presents Minimize Your Impact on the Environment with Your Finances posted at Prairie Eco Thrifter. Have you ever considered saving money to be more “Green”? Well actually it is. The simplest way to save money, and to help the environment is not purchase items that you don’t need. Many people, including myself forget that part.
Lisa presents Saving for Vacation: 3 Simple Tips posted at Thriftability. The perfect vacation is only as good as the price, right? If that’s something you believe, then now is the time to get ready for your next trip. Follow along as we look at three simple tips that will get your savings and vacation on track for your taste.
FMF presents How To Save On A Cruise posted at Free Money Finance. Basic tips on how to save on a cruise.
SB presents 10 Tips to Reduce International Travel Expenses posted at One Cent at a Time. From booking flights early to getting international calling card and getting international travel adapter, learn these 10 tips to cut cost of your next international travel.
He that is of the opinion money will do everything may well be suspected of doing everything for money.
- Benjamin Franklin
Tushar presents Could You Invest in a Business? posted at Start Investing Money. This Post was Originally published at Could You Invest in a Business? on Start Investing MoneyWhen we think about investments we often think about stocks, shares and different forms of bank accounts. But what about investing in a business? Could this prove to be one of the best ways to invest your money for a good return in the future? What type of business should you invest in?
Kanwal presents Want To Increase Your Investment Income With Dividends? posted at Simply Investing. 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.
PITR presents Investing Without Investment Experience posted at Passive Income To Retire. Investing your money can be one of the best ways to generate a passive income, depending on the type of investment which you choose to make. Many people believe that they will need to have significant experience in investing in order to generate a profit as an investor, but this is not necessarily the case.
Mich presents Natural Gas Stocks: Beware of Declining Natural Gas Prices posted at BeatingTheIndex. 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.
Pat Huddleston presents Japanese Adviser a Far East Madoff? posted at Investor’s Watchblog. This post describes an investment opportunity and why it was a horrible idea to take it. The post also gives some pointers for what to watch out for.
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
-J. Paul Getty
Peter presents Dish Network Raised My Rates Again: Lawsuits, Price Hikes and Why We’ll Be Cancelling satellite as Soon as Our Contract Expires posted at Bible Money Matters.Less than 2 months after we signed up with Dish Network, however, we saw an increase in our bill! Our bill went from $40 to $45+ after taxes. Something wasn’t right. Hadn’t we just signed up for a 2 year contract with a price guarantee, only to see an increase 1 and a half months later?
Evan presents My Experience at a Storage Auction posted at My Journey to Millions. The idea seemed simple enough, someone who didn’t pay their storage fees would have their unit auctioned and I would purchase that unit and then sell its contents for a profit. Well, it didn’t work out that way at all.
Ryan presents Avoid These Investments that Don’t Keep Pace with Inflation posted at Early Retirement Investments. If you invest in investments that don’t keep pace with inflation, you are investing in a vehicle that is a money loser than a money winner!
Jon the Saver presents Making Term Life Insurance a Worthwhile Investment posted at Free Money Wisdom. Is life insurance really worth it? Instead of treating it like a burden, why not treat it like an investment? Life insurance is important.
Cash Flow Mantra presents Workingon Improving Monthly Cash Flow posted at Cash Flow Mantra. It took me a while to realize the importance of cash flow, but now that I am trying to focus on this aspect of personal finance, I feel that I am beginning to turn the corner and will see marked improvements over the next several years.
MMD presents Is It Time to Change Up My Retirement Portfolio? posted at MyMoneyDesign. With the current economic prosperity, my retirement portfolio is almost back up to pre-Recession levels. Is it time to change my portfolio to a safer asset allocation and lock into my earnings while I can?
Sustainable PF presents Canada Education Savings Program (CESP) Basics posted at Sustainable Personal Finance. The cost of college continues to rise — even in Canada. If you want to be able to help your child pay for a post-secondary education, you can do so with help from the Canada Education Savings Program (CESP).
Jeremy presents My Decision To Live In An Expensive City posted at Modest Money. As I prepare for my move at the end of the month, I’ve been thinking more and more about my decision to stay close to Vancouver. It is a very expensive city to live in, but I feel at home here. Am I a fool for staying here when I can’t really afford it? Maybe, but I just can’t see myself living anywhere else at this point in my life.
Busy Exec presents Funding the rising cost of a college education posted at The “Busy Executive” Money Blog. College tuition is one of the largest unknowns to parents also seeking to fully fund an early retirement. If your child is at least 10 years away from their freshman year, you can expect an inflation-adjusted total cost well north of $100,000 for a 4-year degree.
Roger the Amateur Financier presents Leap Ahead Financially This Leap Day posted at The Amateur Financier. Some advice on how you can boost yourself financially this Leap Year, that just happens to work as well for non-leap years, as well.
I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They’re consuming real estate, not investing in it.
- Chris Cooper
Shaun presents Smart Family Finance Mortgage Basics: Lifetime and Reverse Mortgages Explained posted at Smart Family Finance. While a lifetime mortgage is not right for everyone, it can be a viable alternative for retirees who want a larger fixed income for no additional monthly expense.
Don presents How To Pay Off Your Mortgage Early posted at MoneySmartGuides.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.
Echo presents Why A Mortgage Payment Vacation Is A Bad Idea posted at Boomer & Echo. I received a note last month from my bank informing me that I’ve won a vacation – a mortgage payment vacation, that is. I’m going to explain what a mortgage payment vacation is, and why it’s a bad idea:
Squirrelers presents Low Interest Rates and Falling Home Prices: What Gives? posted at Squirrelers. With historically low interest rates, there is an opportunity for people to buy a home while incurring lower borrowing costs. However, prices aren’t going up in most places in the U.S. This post discusses this paradox and asks why this situation is happening.
Steve Zussino presents 5 signs the house you bought was flipped posted at Canadian Personal Finance. Have you heard the expression, ‘Lipstick on a pig’. This is a very common phrase in real estate. Many homebuyers spend little time walking through a home prior to making an offer. This gives them homebuyer a general impression of the cosmetic condition inside and outside the home.
Save a part of your income and begin now, for the man with a surplus controls circumstances and the man without a surplus is controlled by circumstances.
- Henry Buckley
Paul presents The Bank Robbed My CD posted at Make Money Make Cents.The article talks about the pathetic CD rates and when its right to use them.
Barbara Friedberg presents A Strategy to Save a Bundle; The Train Conductor’s Money Saving Tip posted at Barbara Friedberg Personal Finance. This tip has already saved me $200.00 and I’m certain it will save me thousands in the future. And I learned about it while eavesdropping on the train.
Daniel presents The Ideal Amount of Savings at Age 30 posted at Sweating the Big Stuff. I would like to live comfortably in retirement. Just how much do I need to save by age 30 to never have to save another penny for retirement?You don’t pay taxes, they take taxes.
Karl presents What you can do with each dead guy in your wallet posted at CultOfMoney. Ideas on how you can use each denomination for furthering your goals and keeping in mind our System of Ritual Practices for Money.
Dee presents Money Saving Tips for College Students posted at Money Sprinkles. Going off to college is an exciting time for young people. For many, it will be their first experience away from home – and this means it may also be the first time that they will be required to manage their money without parents nearby to assist. Before heading to campus, then, it is a good idea to sit down with your kids and have a talk about finances.
You don’t pay taxes, they take taxes.
- Chris Rock
Jeffrey presents Tax Hack: Use Premium Features of Turbo Tax For Free and Save posted at Money Spruce.Turbo Tax has many premium features that you can use for free while calculating your refund. Follow these steps to use Turbo Tax without paying a thing.
Jen presents Tax Refunds- The Good, The Bad and Why We Get One Anyways posted at Master the Art of Saving.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. 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.
Corey presents Future Tax Policy and Why You Don’t Want a Roth IRA posted at Steadfast Finances. Are you investing in a Roth IRA without considering the future tax policies. Future taxes on your roth ira could limit your investment return.
Crystal presents Our Meeting with a Tax Lawyer posted at Budgeting in the Fun Stuff. As I have mentioned, Mr. BFS and I really didn’t know how we were going to proceed tax-wise now. So we scheduled a one-on-one meeting with a tax lawyer.
Evan presents What To Do with the Tax Return? posted at Smart Wealth. 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:
Super Frugalette presents How to Estimate Your Taxes for 2012 posted at Super Frugalette. When I read how many people are receiving refunds for 2011, I have to ask myself why would anyone want to do that…when you can have your money an entire year earlier? I have come to realize that many people have no idea how to anticipate their upcoming taxes and make the necessary changes on their W4.
Dave presents The Saver’s Credit: Do You Qualify? posted at Gen Y Finances. The saver’s credit allows low and moderate income workers take steps now to save for retirement and earn a tax credit at the same time.
Money is a terrible master but an excellent servant.
- P.T. Barnum
Suba presents I Want To Quit My Job: Leaving Work Without Burning Bridges posted at Broke Professionals.The day I finally decided to quit my job was one of the most exhilarating – and terrifying. Here’s what I learned about giving two weeks notice.
Wayne presents Creative Ways to Save on Your Wedding posted at Young Family Finance. Need creative ways to save money on your wedding? Here are a few ways that everyone needs to know as they prepare for their wedding day.
Dividend Ninja presents When Issuing A Dividend Can Be Dangerous posted at The Dividend Ninja. 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?
Amanda L Grossman presents A Frugal Date for Long Distance and Near Distance Couples posted at Frugal Confessions. Most of my relationship with Paul has been long distance. We met in Japan in our 20s, fell madly in love, and spent the next several years traversing the globe.
Eddie presents 5 Advantages of Comparing Products Online posted at Finance Fox. 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.
krantcents presents The 3 F’s of Success posted at KrantCents. 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!
John presents Spend Less than You Earn posted at Married with Debt. 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.
Kyle presents How to Save More Money & Play the Lottery for Free posted at The Penny Hoarder. My significant other and I rarely have disagreements over our finances, but the one spending habit that we disagree on is whether to play the lottery. I know it’s only a few bucks a week, but it irks me to throw money at what I believe is a waste.
Andy presents 65 Things to do When You Retire posted at My Retirement Blog. 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.
Jason presents Pros and Cons of Online Banks posted at Work Save Live. What is an Online Bank? An online bank is much of what it sounds like. It is a bank in most terms that we classify the ‘normal’ banks that you access and utilize online.
I do not believe a man can ever leave his business. He ought to think of it by day and dream of it by night.
- Henry Ford
101 Centavos presents More on Investing in the Basics: Chocolate posted at 101 Centavos. Ask any lady about the bare necessities of life, and chocolate ranks way on up there. Food, fire and shelter… and fudge brownies!
Ashley presents How Does Your “Money Style” Affect Your Life posted at Money Talks Coaching. What is your money style? According to Wife.org there are 3 basic money styles; hoarder, avoider, or splurger.If you dont know what your money style is you can take the quiz over on Wife.org. I dont even need to take the quiz. I know Im a hoarder. What are you?
Michael presents Sometimes Spending More Is Necessary For More Savings posted at So You Think You Can Save. Saving sometimes involves spending more up front.
Grand Per Month presents How to Sell on eBay and Make a Grand Per Month posted at Grand Per Month. There are products within your neighborhood that are being sold for incredibly inexpensive prices. They are purchased by a savvy buyer and then put up for sale on eBay where thousands of people are looking at it every day. The product is then sold for double or triple the amount that the original buyer paid for it (because with a larger market comes a larger demand). When this process is repeated, regular everyday people can find themselves making an extra $1,000 a month!
PK presents More on the Public/Private Sector Pay Gap… posted at Don’t Quit Your Day Job…. Yeah, it’s a US-centric article, but it’s an important point to make – a combination of strong benefits package and income makes public sector employment more lucrative than the private sector. Read on for a more nuanced description of the issue!
Teacher Man presents Happiness = Having Kids or Not Having Kids? posted at My University Money. 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.
Young presents Critical Illness Insurance and Why You Need It posted at YoungAndThrifty. Remember, having money is equivalent to having more choices. Choices such as taking time off work if needed and spending it on yourself or with family so that you can get better and recover. Serious illness can last for months or years and financial backing is critical to protect yourself, your family, and your money.
Paul Willis presents Not so great Britain: The illusion of economic stability posted at Sterling Effort. In this article, the author asks “are economic conditions in the UK and US really so different to Greece?”
Glen Craig presents New Bank of America Fees – Savings and Checking Ain’t What it Used to Be posted at Free From Broke .
It looks like Bank of America is at it again, with a new round of possible fees for its savings and checking customers. See more about why there may be a new fee structure.
Roshawn Watson presents Do You Have The Courage To Be Wealthy? posted at Watson Inc. Many of the activities required to become a self-made multimillionaire involve forsaking conventional wisdom and overcoming adversity. One must have resolve and courage to do so. Let’s explore three ways courage can be instrumental in building wealth.
TTMK presents Money and Neighbors posted at Tie the Money Knot. It’s a good idea to get along with your neighbors. However, if they’re causing you financial expenses based on their irresponsibility, how far must one go to look the other way and be neighborly? Do you say nothing or do you ask for reimbursement?
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