Welcome to the June 20, 2011 Edition #189 of the Carnival of Financial Planning.
The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices that can lead to lifetime financial security.
This edition is arranged by subject heading, so that you can browse efficiently.
Enjoy!
Budgeting and Economics
Darwin presents Disturbing Study: Americans Are Horrible With Money – The Stats posted at Darwin's Money, saying, "A new study sheds light on the horrible financial illiteracy in America. See where you rank."
Financial Planning
Miranda presents Giving: Part of Well-Rounded Personal Finances posted at Personal Dividends - Money+Lifestyle, saying, "Often, in the world of personal finance blogging, we spend a lot of time focusing on how we can save money, and how we can build our own wealth. These concepts are obviously important, and essential for financial freedom. However, there is more to being financially well-rounded than building your assets and hoarding your money. Part of good financial management is giving to others."
Marina K. Villatoro presents Teaching your Child about the Importance of Money Earning | International Woman - It's all about the Experience... posted at International Woman - It's all about the Experience..., saying, "5 Ways for Kids to Earn Money and Understand Money Management."
Frank Vertin presents Top Index Funds posted at Index Mutual Funds, saying, "Top ten no load index funds that track the Standard and Poors 500 composite index in terms of lowest costs."
FMF presents Reasons Not to Buy Stocks posted at Free Money Finance, saying: "An 'expert' gives four reasons you shouldn't invest in stocks. Really?"
Dr. Dean presents The Debt Ceiling Controversy: Why You Should Care! posted at Dr. Dean's TheMillionaireNurse.com Blog, saying, "The US government is giving us a perfect example of bad financial planning - this is what NOT to do."
Frank Knight presents Portfolio Asset Allocation posted at Best Personal Financial Planning Software, saying, "When you are already there and invested in an asset class, you are following a passive asset allocation strategy. Tactical asset allocation strategy advocates suggest that you can anticipate the crowd, but flow-of-funds studies show that almost all tactical asset allocation fund flows are late money flows that chase performance after valuations have already moved."
Financing Education
Charles Chua C K presents Do You Know Your Bank Balance? posted at All About Living with Life.
Income
Maxim Kazawy presents Stocks that Pay High Dividends - June 2011 Edition posted at Best Dividend Stocks, saying, "Stocks that pay high dividends can be an effective way of building long term wealth by re-investing dividends to buy more shares of stock of the underlying companies. Investors should particularly invest in those stocks that are growing their dividends year over year"
The Financial Blogger presents How I Went From 30k to 100k in 5 Years posted at The Financial Blogger, saying, "How you can significantly increase your income."
BIFS presents Money and Marriage Problems – Update posted at Budgeting In the Fun Stuff, saying, "Various problems with money during marriage."
Investing
Dividend Monk presents Coca Cola (KO) Dividend Stock Analysis posted at Dividend Monk, saying, "Coca Cola has a great long-term plan for financial growth and shareholder return. The stock fairly deserves a bit of a premium price, but prudent investors should look for stock dips to enter a position."
Intelligent Speculator presents Brazil, A Great Investment To Add To Your Portfolio? posted at Intelligent Speculator, saying, "Is Brazil a good investment opportunity?"
DGB presents Playing With Ex-Dividend Date posted at The Dividend Guy Blog, saying, "How important is the ex-dividend date?"
Pasadena Financial Planner presents Vanguard Funds posted at Top Mutual Funds, saying, "Compares Vanguard's actively managed mutual funds and Vanguard's passively managed index mutual funds. Vanguard investors should read and understand this study."
Dividends4Life presents 4 Stocks Growing Their Dividends posted at Dividend Growth Stocks, saying, "Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush their income. A high-yield investor is less concerned about dividend growth than maintaining the current high-yield."
FMF presents Do You Have a Market Evacuation Strategy? posted at Free Money Finance, saying: "Can you predict market upswings and drops and get in and out at the right times? US News thinks so, but I disagree."
Consumer Boomer presents Best Oil and Gas Mutual Funds posted at Consumer Boomer, saying, "Finding the best oil and gas mutual funds can be tricky business. This article will help you choose how to invest."
Managing Credit and Debt
Jeff Weber presents 3 Reasons You Should Do a 0% Balance Transfer Now posted at Smart Balance Transfers, saying, "Credit card companies are offering some of the most generous 0% interest deals in history. This, as well as economic fatctors, make now as good a time as any for consumers to evaluate this expense reduction option."
Janet presents Top 10 Canadian Credit Card Myths Answered [Infographic] posted at Bank Nerd, saying, "Many bloggers and journalists focus on how to maximize your rewards, protecting yourself from identity theft, and a bunch of other personal finance methods to get the most. But what about the myths that we constant hear about from our friends and family?"
Mike @ DNW presents Manage Short-term Debt With a Personal Line of Credit posted at Do Not Wait, saying, "Dealing with debt with a LOC."
Jacob A. Irwin presents Why Do Balance Transfers Make Sense? posted at My Money Blog - Personal Finance and Investing, saying, "0% interest balance transfers can save individuals thousands of Dollars in debt payments. However, the problem is that many people don't know how to use them effectively. This post describes how to incorporate them correctly in to your financial planning."
Tim Chen presents What are the Best Store Credit Cards? (We Compare 18) posted at NerdWallet Blog - Credit Card Watch, saying, "Store credit cards, or retail credit cards, are not typically the most financially-friendly options for consumers. We show why, and present a number of better alternatives."
Jason Price presents How Often Should You Check Your Credit Scores? posted at One Money Design, saying, "While it's wise to get your free credit reports from annualcreditreport.com, you might also consider checking your credit scores."
Marvin Grossman presents Credit Card Thieves Go Grave Robbing posted at CardRatings Blog, saying, "Caregiver splurges on client's credit cards, thief steals from her dead parents, and scammers use stolen account to prey on debtors."
My Journey presents Is a Loan Ever a Better Option than a Credit Card? | My Journey to Millions posted at My Journey to Millions, saying, "Deciding whether to pay on credit card or use a loan may depend on the amount of money you require."
Consumer Boomer presents Emergency Cash Without a Credit Card posted at Consumer Boomer, saying, "Here's a comparison between payday loans and credit cards and how they compare when needing emergency cash."
Miscellaneous
Mike @ Green Panda presents Life Insurance: When and Why posted at Green Panda Treehouse, saying, "Do you have life insurance?"
Tommy John presents California Faces Battle Over Budget as State Runs Out of Money and Taxes posted at 2010Taxes, saying, "State Congressmen in California battle each other in devising a plan to balance their budget this coming fiscal year. IOUs might be needed once again if a compromise cannot be reached."
The Skilled Investor presents Market Timing posted at Personal Investment Management, saying, "Always stay invested to earn risk premiums. You must have your money invested and at risk to get risk premium returns. Jumping out and in or "timing the markets" doesn't work."
Carlos Sera presents An Inflationary Tale | Financial Tales posted at Financial Tales, saying, "This tale will be particularly important to those that are no longer working and must live off of their capital for the rest of their lives."
Retirement Planning
Kevin presents Five Ways To Quickly Fund A Roth IRA posted at RothIRA.com's Retirement Planning Blog, saying, "Looking for ways to fund your Roth IRA? We give you 5 quick things to do to get $5,000 together to fund one this year."
Jim Wilkerson presents No Load Mutual Funds posted at Best No Load Funds, saying, "Very young stock and bond mutual funds are more likely to put you into the position of being an experimental guinea pig of mutual fund companies and the ETF industry."
Risk Management and Insurance
Susan Howe presents The Father's Day Index: Dad is worth $20,415 around the house posted at Insure, saying, "Dad's work around the house doesn't come close to the value of Mom's."
Consumer Boomer presents How to get Independent Health Insurance for Boomers posted at Consumer Boomer, saying, "Here's a look at how to get Independent Health Insurance for Baby Boomers."
Jessica Bosari presents Too Many Parents Lack Life Insurance posted at Term Life Insurance | Cheap Life Insurance Quotes, saying, "Life insurance is vital to securing your children's future, yet many parents fail to carry enough."
Savings
Walter W. Fouse presents Large Cap Funds posted at Best Mutual Fund, saying, "This table of low cost top 10 S&P 500 mutual funds has been organized with the lowest cost index fund first. Nevertheless, each of these S & P 500 index funds is among the least costly on the market."
Taxes
Tommy John presents Blade star Wesley Snipes to Stay Incarcerated For Failing to FileTaxes posted at 2010Taxes, saying, "Failing to pay your taxes is never a good ideal and can cost you dearly including incarceration."
Taxes
Financial Freedom presents IRA Contributions, posted at Retirement Worksheet , saying, "The Roth tax optimization puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals."
Steve presents Tax Refunds and Bankruptcy; Don't Give your IRS Refund Away | 2008 Taxes posted at 2008 Taxes, saying, "Tax refunds can be lost when a bankruptcy is filed prior to the funds being received from the IRS."
That concludes this edition. Submit your blog article to the next edition of Carnival of Financial Planning using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
Thanks for the acceptance of my article.
Posted by: Charles Chua C K | June 20, 2011 at 07:13 PM
Thanks for including my post
Posted by: Evan | June 26, 2011 at 11:00 PM