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Carnival of Personal Finance #378: “You Better Work!” Edition

Sept. 9, 2012
Personal Finance
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Welcome to the 378th edition of the Carnival of Personal Finance. We received a ton of posts about working this week. Whether you’re working for yourself, changing jobs, climbing the corporate ladder, or just working too hard, the take-away message is always the same: keep at it, because it’s worth it. Long story short, “You better work!”

Speaking of work, it’s also nice to be recognized for your hard work, right? Here’s your chance to help your hard-working fellow finance bloggers. Read their articles, spread the word, and you’ll get some expert tips for crunch time. Enjoy!

Editor’s Picks

Working for yourself can be awesome! Or not. It’s good to hear both sides of the argument when you’re about to make that big decision. David Carlson from Young Adult Money presents The Benefits of Being an Employee, and says, “Lots of people dream of working for themselves, but are they considering all the benefits of being an employee?”

Need some new networking tips? Mike from Experiglot presents How You Can Take a Successful Person Out For Lunch, and says, “The steps to taking out someone you want to meet for lunch.”

Did you ever have to sell candy or cookies when you were a kid? It really does build character. Miss T. from Prairie Eco Thrifter presents Teaching Children to Sell Helps Them Excel, and says, “Intentionally teaching your child selling techniques may seem crass and miserly, but based on the fact that sales techniques are required for just about each every day transaction, it makes sense for a parent to want their child to excel at sales.”

Make money, work hard, but always keep your heart in the right place. Roshawn Watson from Watson Inc presents Does Wealth Reduce Compassion?, and says, “Is wealth inversely related to compassion: the more wealth one has, the less oriented towards others’ needs and feelings he will be? As with most data though, the devil is in the details. ”

Looking for a new job? It might be time to tweak that resume. James Petzke from This Is Common Cents presents Write a Killer Resume, and says, “Writing a resume that makes you stand out is one of the keys to getting a job.”


Sean Smart from Growing Money presents What Banks Are Offering Some of the Best Savings Accounts in 2012?.

Neal Frankle from Wealth Pilgrim presents What is the difference between simple and compound interest?, and says, “If you understand the difference between simple and compound interest, it can help you make (and/or save) a great deal of money. First let’s define our terms and then we’ll put the concepts to work.”

Adam Hagerman from Walking To Wealth presents Avoid These Budget Busting Bank Fees, and says, “Avoid these costly fees to keep your spending plan on the right path.”


Jefferson from See Debt Run presents Doing the August Hustle, and says, “The ability to generate extra income when times are tight is a skill that every budgeteer must have. In August, we took this to a whole new level.”

Nicole from Nicole and Maggie: Grumpy Rumblings of the Half Tenured presents September Mortgage Update: Changing Plans (Help?), and says, “Nicole’s partner just quit his job, effective next year. Help her figure out what to do with his remaining salary for this year. Mortgage? Retirement? Savings Account? CD? Taxable stocks?”

Jay from Daily Fuel Economy Tip presents Trading Options for The Inexperienced: 3 To Consider in 2012, and says, “Trading and investing advice for beginners.”

Simple Financial Lifestyle presents 8 reasons WHY you must take action to simplify your finances.

Paula Wethington from Monroe on a Budget presents How do you live on a college student budget?, and says, “Have you looked over what’s included, and what’s not, in the college Cost of Attendance formula?”

Money Walks presents Prioritizing Bills.


Free Money Finance presents When It Comes to College, Begin with the End in Mind, and says, “Begin with the end in mind, means that before you start developing your plan for work, life, or whatever endeavor you pursue, take some time and imagine what “success” looks like. Then once you know your desired outcome, develop plans/take steps to make it a reality.”


Stephanie from The Wannabe Homesteader presents 30 Harsh Realities of Getting Out of Debt, and says, “My blog is about the self-sufficient lifestyle and I think being financially free (no debt) is one of the first steps to personal independence.”

Matt from Budget SNOB presents Five Simple Tips for Controlling Credit Related Debt, and says, “Tips for avoiding dealing with collection companies. ”


Jason Price from One Money Design presents 3 Ways To Stop Identity Thieves Without Breaking Your Budget, and says, “Identity theft can bust your budget, your savings, and your credit. Here are three ways you can protect yourself.”

Investor Junkie presents Financial Shenanigans Book Review, and says, “I knew the second that I started reading Financial Shenanigans: How to Detect Accounting Gimmicks and Fraud in Financial Statements that I would love it. The book by Howard Schilit and Jeremy Perler dives deep into the dark world of corporate accounting, blowing apart common tricks corporate accountants use to make businesses look better than they are.”


Lance from Money Life & More presents Six Ways to Make Christmas Shopping Easier, and says, “Wow, a post about Christmas shopping already?! I know, it’s a little early but October is right around the corner and Christmas will be here before you know it! As the holiday seasons rolls around so comes a time of great struggle and difficultly for many families.”

Peter from Bible Money Matters presents Saving at the Minnesota State Fair (Saving Money Doesn’t Mean You Didn’t Spend a Lot), and says, “There are a lot of ways that you can save money when going to the Minnesota State Fair, and I’m sure if you’re attending another state’s fair, you can save in similar ways. Google is your friend for finding discounts!”

Echo from Boomer & Echo presents 6 Free Mobile Apps That Make Travel Easier, and says, “Here are several free travel apps that have made our life easier while on the road by saving us time, money and headaches.”

SB from One Cent at a Time presents 101 Frugal, Low-Cost and Romantic Ideas for Anniversary, and says, “How to spend your anniversary in frugal, low cost and romantic ways? Not 10, not 20 but, this article lists 101 such ideas which can make your anniversary day extra special at minimal cost to your pockets.”

Elizabeth from Women’s Money Week presents Learn Your Credit Card’s Perks, and says, “If your dog chewed up the new shoes that you just purchased yesterday did you know your credit card may replace them? Learn your credit card benefits so you can take advantage of them.”


Pierre from Intelligent Speculator presents Is Apple a Decent Investment?, and says, “We look at the price of Apple to see if it’s still considered cheap.”

Darrow Kirkpatrick from Can I Retire Yet? presents 3 Sure and Simple Indicators for Stock Market Success, and says, “There are three simple metrics that increase your odds of success in the stock market. Each is easy to understand, and can add to your personal bottom line. They tell you, with a reasonable degree of assurance, the probable long-term direction of your holdings. This article takes a closer look at price-earnings ratios, expenses, and yield.”

Sean from One Smart Dollar presents Investing in Domestic Funds, and says, “Learning what makes up different asset classes helps to understand how to make your portfolio more diversified.”

J.P. from Novel Investor presents How To Invest In Your 20s, and says, “Learning how to invest isn’t complicated. There are no hidden secrets to investing success. It’s just a common sense guide to good financial habits.”

Karl Marrion from WiseStockBuyer presents Safe Investing: Does It Exist?, and says, “Safe investments do exist, but always remember NOTHING is guaranteed.”

Dave from Excess Return presents How to Pick Good Dividend Stocks, and says, “Learn how to pick dividend stocks. Understand key terms like dividend yield and dividend payout. Evaluate stocks based on business fundamentals and growth.”

Ken Faulkenberry from AAAMP Blog presents Your Portfolio Allocation Plan Needs to Change Because of these Facts, and says, “Your portfolio allocation plan need to change because of gigantic shifts in valuations of bonds and stocks. Every investor should consider price in their asset allocation plan.”


Jim from Bargaineering presents Are Prepaid Legal Programs Worth It?.

Liana from Card Hub Blog presents Could Merchants Charge You More for Paying with a Credit Card?, and says, “After the recent swipe fee settlement from Visa and MasterCard, merchants have gained the ability to assess surcharges to customers. The question is, will they take that opportunity or not?”

Personal Finance

Glen Craig from Free From Broke presents What is the Most Efficient Way to Use Dollar Cost Averaging?, and says, “You’ve heard of dollar cost averaging, right? Well here is an in-depth look at the most efficient way you should dollar cost average using historical data.”

Tie the Money Knot presents 6 Personal Finance Success Tips, and says, “When it comes to success with our money, sometimes we need to know where to start. Along those lines, this post shares 6 tips that could help lead to such success.”

Charles from Wallet Hub presents How to Manage Your Financial Records, and says, “We’ve all heard the phrase “Get your financial house in order.” Well, it might be a good idea to start with cleaning up your documents. This minor physical action will make a huge difference in handling the intangible details of financial management.”

Real Estate

Miranda from Financial Highway presents Steps to Buying a House, and says, “If you are interested in buying a house, though, there are a number of steps you need to follow. A home purchase is a major commitment. It’s not something to be taken lightly, especially since you will be asking a lender to allow you to borrow a large sum of money. You need your ducks in a row if you expect to successfully buy a home.”

John from Wallet Blog presents Is Mortgage Tax Relief On Its Way Out?, and says, “The mortgage forgiveness tax break is set to expire at the end of this year. Will this law that offers some relief for those unable to make payments or in possession of a property with diminished value be extended?”


Michael Kitces from Nerd’s Eye View presents Are Baby Boomers Actually Right Where They Should Be For Retirement Savings?, and says, “Are baby boomers really behind on retirement savings? Or is the reality that it’s natural for retirement savings to be loaded heavily into the final working years, as income peaks and expenses decline when children leave the home? Is it possible that baby boomers are actually right where they should be in preparing for retirement?”

Nick from My Dollar Plan presents Will Social Security Be Around in 20 Years?, and says, “A question a lot of people are asking…”

Student Loans

Clint from Accumulating Money presents 5 Student Loan Mistakes to Be Wary Of, and says, “Whether or not you require student loans will go a long way in determining your financial outlook for the years following graduation. Here are some factors to keep in mind.”

Danielle from Saving Without A Budget presents Easy Tips on Managing Student Loans, and says, “Tips to help pay off your student loans as fast as possible.”

…and, without further ado:


Mike from The Financial Blogger presents Why I Work Like a Single Mom With Two Kids, and says, “Why working hard now will pay off.”

Martin from Studenomics presents Should You Worry About Job Security in Your 20s?, and says, “How important is work stability?”

Money Thinking presents The Happiest and Unhappiest Jobs in America.

CF from The Outlier Model presents So you want to get a job in computers?, and says, “There are many advantages to getting a job in the computer science field. Check out some of the benefits and why you may consider it a profitable career.”

Michael from Financial Ramblings presents The Economic Impact of Fantasy Football, and says, “In this article, I talk a bit about the economic impact of fantasy football, especially with regard to the costs associated with lost productivity in the workplace.”

Ray from Squirrelers presents 6 Simple Ways to Impress the Boss and Help Your Career, and says, “When it comes to work success, it’s imperative to remember that what the boss thinks matters a lot. Along those lines, here are 6 ways to potentially help your cause.”