Welcome to Edition #233 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.


The Skilled Investor, Editor

Budgeting and Economics

Corey presents How to Get a Job without Experience posted at 20s Finances, saying, “Are you looking to switch careers or get a new job? If you are just graduating from college and are trying to get a job in this economy it may be pretty difficult. There is a lot of competition out there and even if you had a job in college, odds are that there is someone with longer work experience.”

Daisy presents Start Off On The Right Foot: Tips for Interns Or Newbies in General posted at Add Vodka, saying, “How to do well at an internship and impress your boss.”

Dr Dean presents Save on Gas: At The Expense Of Our Marriage? posted at The Millionaire Nurse Blog, saying, “A Mars and Venus twist on the improving your gas mileage article.”

David presents Wired Capital Markets posted at Wall Street History, saying, ” Looking into the workings of modern securities markets is like looking under the hood of a Prius hybrid car. There are so many complex and obscure parts it’s hard to discern what’s going on. History repeats and informs in market technologies. From the days when front-running involved actual running to the “Victorian Internet era” brought on by telegraphy, we can learn a great deal from looking back at a simpler era.”

Bob presents Managing Your Bills with Manilla posted at ChristianPF, saying, “Manilla is a free online tool that helps keep your bills and other statements organized. When you create your Manilla profile, youre able to sync up with over 1,300 providers to manage your phone, cable, credit card, bank, investment, and many other kinds of statements all in one place.”

Financial Planning

Luke presents To Bond or not to Bond, That is the Question posted at Learn Bonds, saying, “Several great tips from bond market pros on how to get the most out of your bond investments in today’s low yield environment.”

Ashley presents Ask the Consumer Financial Protection Bureau posted at Money Talks Coaching, saying, “I came across a new new to me anyways government site that has a ton of financial information on it. It’s called the Consumer Financial Protection Bureau.”

YFS presents Stop paying your mortgage today!… and be a victim! posted at Your Finances Simplified, saying, “A few days ago a friend of mine placed a very interesting link on my wall and included this message: This story made me think of your blog.”

John presents Learning about finance and investing posted at Personal Financial Planning , saying, ” I have reached the conclusion that 99+% of the financial information that is easily available through the media and the Internet is: self-interested and biased, superficial and non-implementable, historical in nature or just current “noise” reporting without any actionable utility, and/or poorly researched, just plain wrong or unmitigated rubbish.”

FamilyMoneyValues presents Riches to Rags Part Two posted at Family Money Values, saying, “One book changed my thinking about wealth and the direction in which I am trying to guide my family. That book is Strategy for the Wealthy Family by Mark Haynes Daniell.”

PFP presents Financial planning reading posted at Best Financial Planner, saying, “When I work with clients to develop their customized lifetime financial and investment plans, they often ask what they should read to improve their financial literacy.”

Steve presents Our Bangkok Budget posted at Money Infant, saying, “At last the much hyped and long awaited Bangkok budget! Keep in mind that this budget is for 2 adults and a 2 year old living in what is considered one of the better areas of Bangkok.”

Aloysa presents Save Money by Shopping in Pawn Shops posted at My Broken Coin, saying, “Learn how to save money by shopping in Pawn Shops.”

TSI presents Superior professional mutual fund manager performance posted at Skilled Investor Blog, saying, “If investment mutual fund managers were truly skilled at beating the market, then you would expect mutual fund manager performance prowess to persist over time. Unfortunately, the evidence indicates that superior past professional performance among mutual fund managers tends not to persist. Past superior mutual fund performance is simply not a predictor of future superior mutual fund performance.”

Tim presents What is a 529 College Savings Plan? posted at Faith and Finance, saying, “Saving for college? You could have some major tax savings along the way! For families looking to send their children to college, a 529 plan is a must. Heres the rundown on a 529 College Savings Plan.”

krantcents presents The 3 L’s of Success posted at KrantCents, saying, “The 3 L’s of Success is the twelfth in a series of articles to help you reach your goal.”

SFB presents Birth Control for the Financially Frugal posted at Simple Finance Blog, saying, “I’m trying to figure out which birth control method is the most cost-effective. Tubal ligation? IUD? Pills? The answer isn’t as simple as you’d think.”


Shaun presents 10 things Entrepreneurs can learn from watching Ghostbusters: Top Ten Family Finance Posts #6 posted at Smart Family Finance, saying, “Ghostbusters is a classic ’80s comedy, but it also teaches us a lot about entrepreneurship.”

Insurance and Risk

Hank presents Benefits Of High Deductible Health Insurance Plans posted at Money Q&A, saying, “A high deductible health insurance plan is designed to provide for catastrophic coverage in case something happens to you, providing good coverage for a decent price.”

Larry presents ID theft protection posted at Objective Financial Planner, saying, “As a threat to your financial security, you should take the potential for identity theft very seriously. Identity theft sometimes entails a loss of your money, but whether or not you lose money, it can take a very large amount of your time to rectify.”


Princess P presents Why Females are Better Investors posted at Portfolio Princess, saying, “Women are better investors because they take a calculated approach to risk and investing in the stock market. Low volatility portfolios come with patience.”

Paul presents Why Invest For Dividends posted at Make Money Make Cents, saying, “In order to make your money work harder, you have to look past traditional savings accounts and CD’s. Dividend stocks can offer a decent return of around 3-5%. That’s not bad when banks are offering less than half a percent.”

Larry presents Personal risk tolerance posted at Independent Fee Only Financial Planner, saying, “Individual investors with different levels of investment risk tolerance for financial risks tend to be more satisfied with risk management strategies, which are better aligned with their financial risk and return profile.”

FMF presents Death by a Thousand Fees posted at Free Money Finance, saying, “There is one critical part of the investment process that is easy to control and that will immediately increase investment returns: fees.”

Dan presents What Makes an ETF Tax Efficient? posted at ETF Base, saying, “Over time, tax treatment can make more difference than net returns or expense ratios. See which ETFs are most tax efficient and why.”

William presents Mutual Fund Performance posted at No Load Funds, saying, ” Screen out inferior mutual fund performance — but only after using other ETF and mutual fund selection criteria. Superior or even average mutual fund performance in the past simply does not predict similar fund performance in the future.”

DGB presents 2012 Best Dividend Stock Pick Update posted at The Dividend Guy Blog, saying, “An update on how these dividend stocks are doing.”

TSI presents Should you pick investments according to the Morningstars? posted at The Skilled Investor, saying, “Individual investors and their advisors appear to make investment decisions that are heavily influenced by the Morningstar Rating system. Because the stars are very widely used and often misunderstood, these are articles to help investors make more rational decisions about the stars.”

J.P. presents Greater Fool Theory: Investing For Suckers posted at Novel Investor, saying, “At some point everyone gets to play both sides of the greater fool theory. Its inevitable. The hope is that when its our turn to be the greater fool, we dont get burned too badly.”

Managing Debt

John presents Debt Payoff Calculator – How to Use One posted at Married with Debt, saying, “A debt payoff calculator takes your debts owed and interest rates and tells you how long it will take to pay them off. An important tool.”

Debt Guru presents Use Incentives to Pay off Debt posted at Debt Free Blog, saying, “Paying off debt can be a lot easier when you use incentives to motivate yourself.”

Jeremy Waller presents 5 Reasons to Keep Your Credit Report Up To Date posted at Personal Finance Whiz, saying, “Many people think that their credit reports reflect only up-to-date, accurate information, but unfortunately many people would be wrong. About 79 percent of reports contain some type of error, with 25 percent containing errors serious enough that lenders will deny you new lines of credit.”

Real Estate

Crystal presents We Found Our Dream Home!!! posted at Budgeting in the Fun Stuff, saying, “Last Thursday morning, we were preapproved for a mortgage loan despite being self employed. Then we headed out just to browse. We found our dream home.”

Jason presents Should I Sell My Wife’s Wedding Ring? posted at Work Save Live, saying, “Some say that a home is where you make it However, reality is that we get attached to our homes and they end up being a place where memories are created and live forever. Instead of a house being a shelter as they’re intended they become our identity.”

Sustainable PF presents Public Service Compensation – The Next Bubble? posted at Sustainable Personal Finance, saying, “Is public service compensation the next bundle? Opinions will vary.”


Ryan presents About The Baby Boomers Already Flocking to Retirement posted at Early Retirement Investments, saying, “The Baby Boomers Are Already Flocking to Retirement! Read more to find out!”

Brock presents Best Retirement Software posted at IRA Account Investment, saying, “Whether or not to make investments into “traditional” tax-advantaged employer accounts and IRAs versus investing in “Roth” tax-advantaged employer accounts and personal IRAs is never a straightforward nor simple financial planning decision.”

Franklin presents Traditional IRA Versus Roth IRA Contributions posted at Better Retirement Planning , saying, ” Many taxpayers puzzle over whether to contribute to traditional versus Roth tax-advantaged retirement plans. For most people, contributions to traditional tax-advantaged plans will probably provide a higher net present value over their lifetimes.”


101 Centavos presents Building Raised Garden Beds, Part 1 posted at 101 Centavos, saying, “Here is an article on how to build a raised garden beds!”

TRL presents Why Investing in Real Estate Takes Time posted at The Retired Landlord, saying, “Investing in real estate is a long-term approach to building income. Understanding that it takes time is important to realize now.”

Maria presents Zen and the art of motorcar ownership: how much are our car ownership costs, really ? posted at The Money Principle, saying, “Read about the Zen car concept, perhaps it could work for you too!”

Financial Freedom presents Savings Rates posted at My Financial Freedom Plan, saying, “Understand how your current savings rate and retirement withdrawal rate would affect all of your lifetime personal financial planning goals”

Suba presents Give Yourself Financial Hope posted at Broke Professionals, saying, “Saving for a rainy day, being frugal with your money and following your budget are all great things to do to keep your financial aspirations on track – but they do get old.”

Paul Vachon presents Save Money With These Easy DIY Projects posted at The Frugal Toad, saying, “Hiring a professional does not always guarantee a quality job. There are many DIY Projects that you can tackle yourself and save yourself some money at the same time.”


Darwin presents Senate Rejects Buffett Rule Fighting Stupidity with Logic posted at Darwin’s Money, saying, “Obama’s proposed “Buffett rule explained – and why it’s a horrible idea for America.”

Kevin presents What If I Don’t File My Taxes On Time? posted at Thousandaire, saying, “If you can’t file your taxes on time then you can file for an extension and save yourself a lot of penalties and interest.”

Paul Tabbet presents Retirement Planning Software posted at Tax Planning Software, saying, “Retirement planning software should automate the development of lifetime projections that incorporate tax laws and rules associated with tax-advantaged retirement investment incentive programs such as traditional IRA, Roth, 401k, 403b, SEP, Keogh, and other retirement plans.”

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.

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