Top picks from this week are included below, and if you wish to read all of this week's submissions, please click on the 'read more' tab.
mammasaver's top picks:
Your Finances Simpfilied writes about his own experience of a massive $1000 budgeting mistake (yikes!), and how to avoid it.
Heard of setting a 'zero budget' before? Head over to his post to find out what it is and how to do it. A simple and flexible spending plan instead of an old fashioned budget?
Now that sounds right up my street.
Daisy at AddVodka.com has an excellent post about tricking yourself into not spending money - a different approach than sticking to a specific budget, and practical advice about avoiding situations where you find yourself spending money.
Now, someone find this girl a new pair of trainers soon...
Ashley at Money Talks sets out her summer entertainment for her children in Phoenix, Arizona. Not able to simply send her children out to play due to the heat, she needs to think of cheap, interesting things for her children to do inside.
The secret is 'inside' another building it seems... not your own house. A wise woman indeed.
Useful for those of us who live in wetter climes, too. Hang on, was that a bit of blue sky I can see? Nope, just a post a post it note on a window. Ah well.
Enjoy the rest of the posts, and hop over to Totally Money for more information about this personal finance blog carnival.
BUDGETING
YFS @ Your Finances Simplified writes My 1000 Dollar Budgeting Mistake and How You Can Avoid it - I want to talk to you about budgeting. I am actually going to give you a story about budgeting mistakes. By this time I feel that you should know how to budget. But, if not, I will create another video.
Evan @ My Journey to Millions writes We Decided to Go with a Real Estate Broker after All - When we first decided to put our house on the market The Wife and I talked about using a real estate broker or agent for selling our home, and opted against it since the price on the home is priced way under the market. However, after losing our buyer The Wife and I were pretty stumped how to get the word out.
Jason @ Live Real, Now writes Emergency Fund Goodness, Reasons #491,207 and #491,208 - Thanks to my wife's governmental job, she got a surprise, unwelcome, unpaid, three-week vacation. Our emergency fund hasn’t grown to the size that can handle this, but it is enough to take the edge off for a couple of weeks. Yay!
harry campbell @ Your Personal Finance Pro writes 401k Plans Only Work if You Contribute - From time to time, I’ll read about how bad 401k plans are for investors like you and me. Apparently, most people don’t even realize they’re paying fees on top of other fees to invest in certain funds. And while a minority of companies do it right, by providing low cost index and ETF funds, most, sadly do not. It’s up to you the investor, to thoroughly research your asset allocation and the funds you plan to invest in. But all these points become moot if you don’t contribute enough
Beating Broke @ Beating Broke writes Ramit's Big Wins Hype - A budget, cutting back on lattes, and pinching pennies can, and does, work. It isn’t instant.. It takes hard work and dedication. The same hard work, and dedication that anything that Ramit teaches does. In fact, I’d say a combination of the two is likely a good solution.CAREERS
Ashley @ Money Talks Coaching writes Summer Plans - My kids are on summer break. Usually I talk about it quite a bit leading up to the last few days of school. I didn't this year.
A Blinkin @ Funancials writes How To Get A Job and Girlfriend - Have you ever been without a job? I have heard that, aside from losing a child, being unemployed is one of toughest experiences to go through. If you have been fortunate enough to have not experienced this anguish, lets find another angle.
PITR @ Passive Income To Retire writes 3 Lessons to Boost Your Positional Leadership - Most people need to begin a career at the bottom of the totem pole, then work their way over the years to a more prominent position in the company.
/>Kevin @ Thousandaire writes I Paid Off $33,850 in Student Loans in 4 Years - I graduated from college four years ago with almost $34,000 in student loan debt. I paid off the last dollar and now I'm saving for a house.
John @ Married (with Debt) writes Free Debt and Budget Spreadsheet - A debt and budget spreadsheet is an essential tool to help you take control of your money and get out of debt. Get a free spreadsheet here.
Passive Income Earner @ The Passive Income Earner writes How To Know If You Have A Debt Problem? - Many people make far more money than they really need to live. However, somewhere between lifestyle inflation and the requirement to make large minimum payments on debt balances each month, many who earn a sizable income are struggling to make ends meet and are living paycheck to paycheck. Debt is an issue that those in all income brackets must contend with.
Corey @ 20s Finances writes 7 Ways To Pay Off Your Student Loans Quickly - I am an advocate of paying off your student loans quickly. With the average graduates student loan bill coming in around $24,000 many feel overwhelmed with the standard 10 year repayment plan. This post is designed to show you ways how you can make a big dent in your student loan balance and get rid of the debt quickly.
Wayne @ Young Family Finance writes How to Work Your Way Out of Debt Quickly - Many young families are struggling to get out of their debt. As a result of college expenses and traditionally lower salaries, overcoming large amounts of debt can be quite the challenge.
DEBT
Dave @ Debt Black Hole writes Does A “Goldilocks Zone” Exist For Debt? - Personal Finance is filled with extremes and polarized opinions. Some people believe you should not have any kind of debt, others think certain kinds of debt are useful to build wealth. Is it possible to have a debt load that's “just right”?
Ted Jenkin @ Your Smart Money Moves writes The New Credit Card Problem: A College Education - I used to think that people getting into credit card debt was our biggest problem amongst personal financial issues for individuals and couples. Then, we saw a period of time (and we are still feeling the effects of it) where people over mortgaged themselves not truly understanding all of the costs involved with home ownership. Now, I have great concerns about our future students and their ability to really afford a college education. It’s hard to reach for the stars when you finish c
SB @ One Cent at a Time writes 51 Ways to Get Out Of Debt - A Harvard Business School Graduate recently made headlines for paying off a $90,000 debt load in just 7 months. It’s an amazing accomplishment and shows that it can be done. Here are not one or two but, 51 ways to do that.
ECONOMY
Corey @ Steadfast Finances writes 5 Tips to Help You Land a Job Out of College - Find out how you can get a job out of college. Learning these tips will improve your changes of making a decent salary.
FINANCE
J.P. @ Novel Investor writes How to Get Your Social Security Statement Online - A step by step guide on how to create a My Social Security account and access your Social Security statement online.
Erika @ From Shopping to Saving writes Are Your Kids Good Investments? - A post that provokes thoughts on how your kids can and just might be good investments.
Jason @ Work Save Live writes How to Invest in Consumer Debt - How to Invest in Consumer Debt Many investors are familiar with investing in corporate and government debt through the purchase of bonds. Bonds are often attractive because they're considered one of the safer types of investments. This is especially true of U.S. Treasury bonds which are guaranteed by the U.S. government.
FRUGALITY
Lance @ Money Life & More writes I Got A Crazy Deal: Samsung Galaxy Skyrocket - After crafting a list of reason why I thought AT&T should give me a free $150 smartphone I picked up the phone and gave them a call. What follows is how I got them to give me the phone for free...
Jester @ The Ultimate Juggle writes Myrtle Beach - The Perfect Affordable Family Vacation - The following are some of the reasons that my family like to vacation down in Myrtle Beach for our primary family vacation
Paul Vachon @ The Frugal Toad writes How to Travel Cheap at the 2012 London Olympics - Using London and the Olympics in the same sentence almost always means expensive. You would be surprised how cheaply you can stay in London. Read on and I'll show you how!
Lazy Man @ Lazy Man and Money writes Are the Cheapest iPhones and Androids Pre-paid? - Last week news came out that the prepaid carrier Cricket was going to start offering Apple's iPhone. This is a first, at least in America.
Everything Finance @ Everything Finance Blog writes Top 10 Frugal Tips - Part One - Two of the best ways to get ahead financially are to earn more and to spend less. If you are looking to spend less and to embrace frugality, there are 10 tips that will help you keep more money in your pocket to grow your wealth.
MONEY MANAGEMENT
Daniel @ Sweating the Big Stuff writes Would You Rather Have One-Time or Passive Income? - I think personal finance bloggers have an unhealthy obsession with creating passive income. It sounds great, but they're giving up lots of money!
Dave @ Financial Conflict Coach writes Do Group Dynamics Influence How You Spend Your Money? - As social creatures, we're drawn to groups. In these groups, each of us assumes a specific role. These roles may have an effect on the way you spend or save money.
Jeremy Waller @ Personal Finance Whiz writes My Search for Residual Income - Over the last 5 years I have constantly had a number of side projects to earn an extra income. In most cases it wasn't much, maybe a couple hundred per month. There have been a few times I did really well and brought in over $1,000 of extra income..
Don @ MoneySmartGuides writes How To Invest When You Are Scared of The Stock Market - There are many stories about the younger generation being scared to invest in the stock market because they started to invest at the peak of the market back in 2007 and lost almost everything.
Daisy @ Add Vodka writes Trick Yourself Into Saving Money - In the past couple of years, my income has doubled, and so has my desire to buy, buy, buy.
Investor Junkie @ Investor Junkie writes How Much Is Your Time Worth? - One of the things we hear all the time when it comes to tips on saving money is to “Do it yourself!” While you might be spending money when you follow this philosophy, it’s also important to recognize what you’re spending: Time.
Jeff Rose @ Good Financial Cents writes Ready to Start Investing? Here’s the Best Online Brokers for Beginners - I can remember the first time I made my first stock trade. I was an intern at the investment firm that eventually hired me. It was right around when the tech bubble burst, and tech stocks were trading at extreme discounts.
Ryan @ Early Retirement Investments writes 7 Savings Steps to Take Before Retirement - Here are 7 saving steps to take before retirement. Are you making them?
Mr.. Money @ Smart on Money writes Boost Your Deductible and Save on Insurance - While many people acknowledge the importance of insurance, no one likes to premiums. If you want to reduce your costs, one of the best ways to do so is to boost your deductible.
Robert @ The College Investor writes Money: What Does It Really Mean to You? - There are so many times when we think, “Make more, earn more, have more.” But do we ever really take the time to think about what money really means to us?
Teacher Man @ My University Money writes Why You Should Take Out Student Loans - One of the biggest financial mistakes I made while going to school was NOT taking out some student loans money.
REAL ESTATE
Jon the Saver @ Free Money Wisdom writes Can You Become a One-Car Household? - If you’re interested in cutting your living expenses radically the best way to do that is by eliminating big expenses.
Sean @ One Smart Dollar writes Mortgage Broker vs Mortgage Lender - What is the difference between a mortgage Broker and a mortgage lender?
Matt @ Living in Financial Excellence writes Selling a House When the Market Stinks - Ok, I have to admit. To say the market in our area stinks is putting it lightly. I really don’t think it stinks. I think it flat out sucks. So when we made the decision to move to Iowa, we knew we weren’t exactly going to have a smooth transition. But we didn’t know what we were in for either.
SAVING
Teacher Man @ Young And Thrifty writes TFSA vs RESP Contributions - n the past we have compared RRSP and TFSA accounts, and RESP vs RRSP accounts, so today we’re going to do a head-to-head comparison of TFSA vs RESP contributions.
OTHER
Vanessa @ Vanessa's Money writes Mini-Economics Lesson: Opportunity Cost - I explain how the seemingly complicated economic principle of opportunity cost can be simply explained to personal finance
101 Centavos @ 101 Centavos writes What You Know Ain't So - Or rather, what you know may not necessarily be so. Conventional wisdom has a conventional way of being frequently turned on its head. Myths get bust...
Luke @ Learn Bonds writes Why We Don't Need the Fed - Summing up the argument for why we do not need the federal reserve and would be better off with another system.
Tushar @ Start Investing Money writes What Are Some Company Names and Stock Symbols? - Company names and stock symbols are commonly confused.. Read these examples of confusion!
krantcents @ KrantCents writes The 3 T's of Success - The 3 T's of Success is the twentieth in a series of articles to help you reach your goal.
Sustainable PF @ Sustainable Personal Finance writes Staycation: Better for Your Wallet and the Environment - By staying home during your time off you save money and the planet.
Aloysa @ My Broken Coin writes How to Negotiate A Raise From an Insider's Point of View - I have to admit that supervising people can be a very rewarding experience. It also can be frustrating, sometimes even maddening. People come to me with different set of problems. Some like to complain about others. Some like to ask for advice or direction they need to take with a project.
Maria @ The Money Principle writes Do you really need insurance? - We all need insurance because shit happens; and when it hits the fan we have to be protected. If you are thinking that while this is true, the statistical probability of something happening to you is pretty slim you are wrong. For two reasons, read more to find out why!
Invest It Wisely @ Invest It Wisely writes Living to 100 and Beyond: Building Your Portfolio - This is the third in a series of articles on living to 100 and beyond. In this article, I discuss the investment vehicles needed after retirement!
MR @ Money Reasons writes Striving for Income Diversification - Why have one income stream when you can have many? This is my attempt at creating multiple income streams.
Hank @ Money Q&A writes Killer Stock Characteristic #4 - Dividend Growth Rate - A company's dividend growth rate is a good proxy for how much their share price should also grow. A company's share price is the present value of all its future cash flows.
SFB @ Simple Finance Blog writes Battle of the Bulk: Costco, Sam's Club, & BJ's - I've broken down the membership costs of some of America's biggest bulk retailers for you.
Crystal @ Budgeting in the Fun Stuff writes How in the World Did I Get Here? - Has anyone been transparent about how they got into their massive debt? I will share some of my story regarding my downward spiral into endless debt.
@ You Have More Than You Think writes Seriously, You Really Do Have More Than You Think: How to Earn Extra Cash With Ordinary Stuff - Use what you have--right now--to bring in extra cash. You don't have to wait until you start a business or get a raise to increase your income.
Jen @ Master the Art of Saving writes Avoiding Having Kids Costs Money Too - There are a ton of posts out there that talk about the cost of having kids, but not many (or any) about the cost of not having kids. While we already have a kid and know how expensive it is, our goal since then has been to not have any more kids. Oddly though, avoiding having kids can still cost money.
Eddie @ Finance Fox writes Financial Infidelity - A Growing Concern On The Rise - Nearly 60 percent of women, and 50 percent of men admit to some form of financial infidelity.
Amanda L Grossman @ Frugal Confessions writes We Were Swindled, in Our Own Home - We were so swindled and managed over the last 45 minutes that we literally escaped to the top of our two-story home and shut the door to my office to regroup. I am not even close to exaggerating.
Suba @ Broke Professionals writes Professional Profiles: Sarah, the International Grad Student - My best friend earned admission to graduate school across the pond. Turns out, she's not the only American flocking to Britain for business school.
JP @ My Family Finances writes My Biggest Money Mistake - My biggest money mistake ended up being a chain reaction of mistakes.
Jeremy @ Modest Money writes How Breaking Up Is The Best Kick In The Ass Money Can Buy - Often when a relationship ends you are devastated as you feel your world has been turned upside down. When it first happens, it is tough not to just focus on the negatives of the situation. Really though, it is the ideal time to improve pretty much every aspect of your life.