Nerdy Finance #6

Personal Finance

Here it is again, the Nerdy Finance Carnival! This is our 6th edition, and we have the goods as usual. Unfortunately, it seems that some of our third-party submission websites weren’t working like they normally do, so there are less submissions than usual. If you had a good piece and were left out, we apologize, it likely just didn’t get to us. Remember that you can always submit directly to Carnivals@NerdWallet.com just to be sure. While you’re here, take a look at what we have been working on, putting together reviews for top credit cards for small businesses and the top cards with no foreign transaction fees. Here’s the best of what people sent over this week, get your nerd on.

The submissions

Roger with The Chicago Financial Planner gives us Target Date Funds-A Look under the Hood. Take a look at some of his expert advice on Target Date Funds (TDFs).

Bob with Christian Personal Finance offers us 20 Real Companies That Will Pay You To Work From Home. You don’t have to own a business to work from home. Although there are plenty legitimate home-based businesses you can start, existing companies will pay you to help them from the comfort of your own home.

Glenn Cooke with Boomer & Echo brings us an interesting look at No Medical Exam Life Insurance. No medical exam life insurance has higher premiums than a standard life insurance policy, but may actually be less expensive for someone who’s likely to be rated. The tradeoff is in the benefits.

Geoffrey at Financial Highway sent over RRSP vs TFSA. When Canada introduced the TFSA into the mix of registered and non-registered investment accounts, it made an already difficult decision even harder. How do I allocate my investments between my TFSA, RRSP and non-registered accounts? We’ve prepared a number of examples below to help investors understand the tax treatment of different investment types and the optimal account mix for their portfolio.

Glen Craig gave us the article How to Improve Your Credit Score Fast (something we are all too familiar with). A great credit score has nice advantages. But what if you need to increase your credit score NOW? Here are some tips that may help you improve your credit score fast.

CCS with CreditCardSmarts.org sent us Personalize Your Credit Card – It’s Fun But Be Aware. Did you know you that many credit card companies let you personalize your credit card? As fun as that could be you should be aware fo some drawbacks to personalizing your card.

Dividend Growth Investor sent over Dividend Stocks For Long Term Wealth Accumulation. Companies that pay dividends are typically mature enterprises, with a proven business model that generates enormous amounts of free cash flow. These companies do not need to reinvest all of their profits in order to maintain and grow their business. In essence they “spend” less than what they earn, and share the excess with shareholders in the form of dividend payments.

Nick at My Dollar Plan gave us a great article, Should You Save for College or Retirement First? College & Retirement are competing for attention with regard to savings more than ever before. Read this for an interesting perspective on the issue.

Darwin with Pound to Pocket sent us 4 Money-Saving Tips You Can Use Forever (and the nerds love to save). Always on the prowl for ways to cut routine spending so we can do more with our money, there may be some simple budget busters right under your nose! There are a lot of routine, recurring expenses that we incur that we may not even think about cutting.

Danielle from Budget Snob shares Budgeting 101-Living Within Your Means. Take a look at some great advice for living on a reasonable budget, helping you save some cash and budget for the future.

PK from Don’t Quit Your Day Job brings What Sort of Inflation Expectations Does the Market Have? I run through a few estimates of future inflation – bpoth the Cleveland Fed method and the Yield Curve method. And yes, expectations are incredibly low.

Sean at One Smart Dollar writes Student Loans for Graduate Students. If you are thinking about going to graduate school you don’t want to miss this article on how you can properly pay for it. Also if you are interested in this, check out some of NerdWallet’s professor interviews on the subject. Here is one with Dean Paul Schiff Berman of GWU Law that sparked a lot of comments and interest.

 

That concludes the 6th edition of the Nerdy Finance Carnival. As always, keep the submissions coming and tell your friends!

-NerdWallet