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Totally Money Carnival #28

July 16, 2012
Personal Finance
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Welcome to the 28th edition of the Totally Money Carnival.

This carnival is perfect for the nerds who can’t settle down with one topic, because it brings you any thing and every thing from the world of money. These sharp writers and personal finance bloggers are on their game, and this week they bring us 43 excellent pieces with budgeting information, savings tips, financial product reviews, current event commentary, and more. We’ve organized them by general topic to make them easier to search through, and put a few of our favorites up front. Go through these bad boys and you’ll be a wiser, and hopefully richer nerd by the end. Enjoy!

Our Editor’s Picks

Jeff Rose @ Life Insurance by Jeff writes Collateral Assignment of Life Insurance Policy Proceeds – Are you looking for a way to secure a loan, but do not have the credit rating or typical collateral in order to do so? Then you might want to consider the assignment of life insurance policy as collateral for a loan.

SFB @ Simple Finance Blog writes Youth Sports, $5 Billion, And Your Kid – The world of youth sports is a $5 billion a year industry – what can you do to cut costs and avoid some of the most expensive sports?

Bridget @ Money After Graduation writes Avoiding Debt After Graduation – As college leavers know, taking another course is a great way to delay the start of paying off your student debts. Unfortunately, once you’ve passed the post and enjoyed graduation you quickly head towards the time you need to start making those repayments.

Daniel @ Sweating the Big Stuff writes Do You Pay Student Loans Bills With a Credit Card? – I love using my credit card for gas (3 percent cash back) when I can, but there are certain situations where you simply can’t use a credit card to pay your bills. I would love to get 1 percent cash back on my rent…


Erika @ From Shopping to Saving writes How to Save Money at the Fair or Amusement Park – Tips to save money if you are going to the fair or amusement park this summer.

SB @ One Cent at a Time writes 25 DIY Car Repairs to Save Money – Save money and time by doing basic troubleshooting and repairs on many car issues. Gain experience to fix complex issues by doing simple DIY repairs first. Keep your car in top condition by following these 25 DIY car repairs


Roger the Amateur Financier @ The Amateur Financier writes Job Hunting Success – Job Interview 101: Preparation – A look at the first step in the job interview process, getting ready to go to the interview, preparing your questions to dressing properly.


Jon the Saver @ Free Money Wisdom writes Paying off Debt? Follow your Own Rules – When it comes to paying off debt, I’ve realized two things: it’s a long process, and you have to make your own rules. Depending on how much debt you have to begin with, it can take years to get yourself out of the red.

Robert @ The College Investor writes 2 Little-Known Factors that Affect Your Credit Score – There are other things that could affect your credit score besides the common ones that most people know, and here are two common ones that most people don’t realize.

L Bee @ L Bee and the Money Tree writes How I cut my spending 38 Percent by simply by writing it down. – You may have heard me gushing on my blog/twitter about this FREE debt worksheet I’ve been working off starting last month. A fellow pf blogger, John at Married with Debt is kind enough to send over the excel spreadsheet he and his wife use to track their finances FOR FREE to anyone who wants it.

Lance @ Money Life & More writes Credit Card Sign Up Bonuses: How I Made $443 in 5 Minutes – Toward the beginning of my blogging adventures I wrote about how I was in the market and shopping around for a new AC unit. Well I finally took the plunge and bought a unit. They aren’t cheap though so, per usual, I was looking for ways to take advantage of expending a large amount of money.


Beating Broke @ Beating Broke writes Reducing Your Debt: Much Better than a Snowballs Chance – Paying the minimum payment on those debts doesn’t get you anywhere. It’s time to stop sending the minimum payment to your debts… sort of.


Jester @ The Ultimate Juggle writes Improving Your Marketability as a Small Business Owner – Running a small business in an economy that is filled with large national corporations can be difficult. Small businesses have always had a difficult time competing with companies that have the resources of small countries.

Mike @ Live the New Economy writes Intentional (Everything) – Life presents us a series of opportunity cost calculations with time as the uncompromising factor. Multiple income streams afford us the opportunity to make those opportunity cost calculations be far less oppressive!


Luke @ Learn Bonds writes All About High Yield Bond Funds – Everything you want to know about investing in high yield bond mutual funds and ETFs. How they work, who should invest, and more!


Miss T. @ Prairie Eco Thrifter writes 5 Ways the Library Can Help Save You Money – The best way to find out what money saving resources your local library offers is to call them or visit their website (if they have one). Even small libraries can help you save money.

Sustainable PF @ Sustainable Personal Finance writes What is Freecycling? – What is Freecycling? The idea is simple: If you have an item that you no longer want there is a chance that someone else wants – you offer to give it away for free.

Penny Thots @ Penny Thots writes Frugal Ways to Eat Healthy – There’s a fallacy in today’s society that it’s too expensive to eat healthy…but that couldn’t be further from the truth. We all are aware that we should be eating fruits and vegetables that are free from as many pesticides as possible…but what are we to do?


J.P. @ Novel Investor writes All The IRA Investment Options For Your Money – Did you know that your IRA investment options extend beyond stocks, bonds, and mutual funds? You have more choices than think.

BARBARA FRIEDBERG @ Barbara Friedberg Personal Finance writes RETIRE ABROAD WITHOUT PAYING A FORTUNE – With the baby boomers approaching retirement in record numbers, fears about high costs and inadequate savings prompt exploration of creative retirement options.

Ted Jenkin @ Your Smart Money Moves writes Why Is Gen XY Worth Less Than Their Parents? – Common sense says it’s no surprise that older Americans are wealthier than young Americans.

Wayne @ Young Family Finance writes Why Being Debt Free is Great for Your Family – Find out why being debt free is important for your family.

Harry Campbell @ Your Personal Finance Pro writes Keep Your CD’s Liquid and Still Earn a High Rate of Return – Most investors probably don’t have too many high yielding ‘safe’ investments lying around from the high interest rate days. The 5% CD’s that we all took for granted in 2007-2008 are a thing of the past and I know most people wish they would have locked in a couple more 5 year CD’s at these rates. So in today’s market, what are the best options for investors looking to earn a high return and minimize risk?

Paul Vachon @ The Frugal Toad writes Manage Personal Cash Flow as if You are a Business – ash Management is vital to the success of a business because it allows the business to pay it’s bills while using cash efficiently to fund day to day operations. Consumers can benefit from managing their own cash in much the same ways a business does.

Shilpan @ Street Smart Finance writes Best Way to Invest Money in This Economy – How often have you wondered how nice it would be to invest if you can master the best way to invest money in the market? Why is it so hard to make money in the market if you can dig out financial facts in the matter of minutes by visiting Yahoo finance or any other millions of investment sites on the Internet?


MMD @ My Money Design writes How Much Money Would I Make If I Rented Out A House? – What kind of rate of return would I make if I bought a house and rented it out for rental income? This example will walk through buying a house in my neighborhood and then crunching the numbers to see how much I could make in a year.

Suba @ Broke Professionals writes My Financial Bucket List – I’m trying to get the highest return on investment… the investment of life. Here are the top five financial goals on my bucket list. What are yours?

Ryan @ Early Retirement Investments writes A Few Ways to Save Money Around the House… – Read my ways to save a money around the house!


SB @ Finance Product Reviews writes Disney Premier Visa Card from Chase Review – Review of Disney premier Visa card from Chase offers unique advantage for Disney fans, but is it good enough card for you? find out more.


Jennifer Lynn @ Broke-Ass Mommy writes A Candid Look At My Finances – My financial health check-up: once every few months I peek at my finances to crunch some numbers and receive an overview of my financial well-being.


PITR @ Passive Income To Retire writes Passive Income with a Bed and Breakfast? – It was just last week that I was at a friend’s wedding. It was a great time to celebrate with them, and as it turns out, it was my first time at a bed and breakfast. For the first time, I got a close-up view of what it takes to run a bed and breakfast.

Shawanda @ You Have More Than You Think writes 7 Non-Extreme Ways to Slash Your Restaurant Bill – You don’t have to stop eating out to save money. Here are 7 simple tips to save money when eating out.

Invest It Wisely @ Invest It Wisely writes Zen Personal Finance: My Philosphy, and What It Means to Invest It Wisely – What is zen personal finance? Is it a new-age thing? Is it a type of meditation? Is it a new way of looking at our finaces? Read more to learn what it really is!

Tushar @ Start Investing Money writes Are Your Parents Jeopardizing Your Savings Plans? – Are Your Parents Jeopardizing Your Savings Plans without even knowing it? After all, we are a product of our childhood and the way that we were raised…

Hank @ Money Q&A writes What Is A Cafeteria Plan For Health Insurance? – What is a cafeteria plan for health insurance? It is a type of employee health insurance plan that allows employees to choose from different types of health benefits.

Kevin @ Thousandaire writes Your Investments Are in Big Trouble – If the government bubble bursts your money is in big trouble if you aren’t prepared.

Jeff Rose @ Good Financial Cents writes 7 Alternatives to Investing in the Stock Market – As a financial planner I work with a lot of clients and most of our investments are related to the stock market. We invest in bonds, mutual funds, ETF’s, and the occasional individual stock. Every so often I’ll get some people that want to invest into “stock market alternatives“, meaning that they are a little bit fed up with the ups and downs of the market.

Corey @ 20s Finances writes Does the Cash Method Really Work? – One of the many ways that people try to curb their spending habits is to go to an all-cash budget. The reason for making the adjustment is that it helps you weigh the actual cost of each expense because it is actual bills leaving your pocket. It’s not a method that my wife and I use, but it has been helpful for some of our closest friends. Find out why it could help you.

John @ Married (with Debt) writes I Bought a Tablet (Which Makes Me a Jerk) – So I finally broke down and bought a tablet computer, which officially makes me a jerk.

Kyle @ The Penny Hoarder writes Can You Make Money Online Without Selling Your Soul? – This article talks about ways to make money online without it consuming your every waking minute!

Ashley @ Money Talks Coaching writes Have Fun on a Budget This Summer? – We look forward to the summer months all year long. Summer for many of us means vacations, road trips, concerts, and backyard barbeques.

Aloysa @ My Broken Coin writes How Much Your Car Really Costs You? – This is an analysis of the real cost of owning and using your car.

Crystal @ Budgeting in the Fun Stuff writes Is the “College Experience” Worth Student Loan Debt? – My husband and I have disagreed about the point of an undergraduate degree. I think college is for growing and he thinks college is for getting a job.


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