Welcome to the 330th edition of the Carnival of Personal Finance.  We are very pleased to be your carnival host on this long weekend Monday.

We celebrate Canadian Thanksgiving more than six weeks before American Thanksgiving for the simple fact that, well, Canada is cold and our harvest season ends that much earlier.

Still, Thanksgiving traditions remain very similar to our southern neighbours as we’ll be watching football (ok, maybe hockey) and stuffing ourselves full of turkey.  Happy Canadian Thanksgiving!

Editor’s Picks

With nearly 80 article submissions it was tough to come up with just 3 choices for the editor’s picks section.  These were my favourite posts of the week:

Related: 35 Ways To Save Money

Kids can certainly cause their fair share of financial hardships.  I consider myself lucky that my two-year old hasn’t done anything quite like this before.  Darwin from Darwin’s Money presents My Kid Flooded Our Home. What’s the Worst (Most Expensive) Mistake Your Kids Have Made?, and says, “What’s the WORST thing your kid has ever done (financially)? Our 7 Year Old just flooded the house. Children are a blessing.”

After Thanksgiving we’re supposed to start thinking about Christmas, right?  Peter from Bible Money Matters presents Three Ways to Curb Consumerism in Your Children This Christmas, and says, “How do we hold back the flood of consumerism and teach our children the true meaning of the season? Here are three ways to help you curb your children’s consumerism this Christmas.”

The Colts are now 0-5 and I’m loving it!  This post stresses the importance of proper diversification and having an emergency plan.  Bryan from Pinch that Penny! presents The Indianapolis Colts and your Finances, and says, “This post lists three personal finance lessons that you can learn from the 2011 Indianapolis Colts.”


Green Panda from Green Panda Treehouse presents Can I Travel When I’m Not Rich?, and says, “Is it possible to get on the road when you don’t have a lot of money?”

Briana from Stupid Cents presents 9 Things I’ve Wasted Money On, and says, “When you’re creating a budget, you cut things that you waste money on. I’ve wasted a lot of money on things I didn’t use or could have thought about before spending.”

N.W. Journey from Net Worth Journey presents Why Have a Written Budget?, and says, “A budget is about setting targets for how you spend your money. This is where you decide how you want to spend your money going forward.”

Janet from Credit, Eh presents Don’t Break Your Budget this Christmas: Plan Your Spending Now, and says, “he entire holiday season represents an “unexpected” event that seems to cause budgetary strain whenever it arrives. You know Christmas is coming, but it still comes as a shock when your December budget blows up.”


Mike from The Financial Blogger presents What I Learned From Meeting 300 Cool People in One Weekend, and says, “What can you learn from a weekend with your peers?”

Nelson from Canadian Finance Blog presents This Is Why You’re Screwed, and says, “You can either work your tail off at work, or start a side hustle. Unless you’re a commissioned salesperson, put your efforts into a side hustle.”

Miranada @ Financial Highway from Financial Highway presents 4 Creative Business Ideas, and says, “Do you want to start your own business and make a little extra money? It can seem daunting at first, since there are so many others out there trying to get something started. Here are 4 creative business ideas that can help you get started.”

Jon the Saver from Free Money Wisdom presents How to Find Work Fast During a Down Economy, and says, “If you or someone you know is unemployed or under-employed, it’s time to evaluate every income producing option available – even those options that are less than ideal.”

Mike from Experiglot presents Are You Escaping The Rat Race?, and says, “We look at what it takes to escape!”

Bret from Hope to Prosper presents Money Fail: Dead End Job, and says, “The biggest Money Fail I can possibly think of is for someone to work their entire life for low wages at dead-end jobs.”

Martin from PIN presents Becoming a Brand Ambassador– Is it What You Think?, and says, “Do you know what it takes to be a brand ambassador?”


Meghan from CreditDonkey presents Best Credit Cards for Young Adults, and says, “Nothing quite says adult like the ability to whip out your plastic to cover your purchases.  But, as you have probably found, deciding which credit card is best for you can be a difficult process”

Martin from Studenomics presents How-to Cure a Hangover (and destroy credit card debt), and says, “I show you how to kill debt and your hangover. Win-win.”

Mike from Rewards Cards Canada presents TD Travel Rewards Review, and says, “TD Travel Rewards offers three different options for personal travel rewards credit cards. Choosing the right card depends on your spending habits and income level.”

Echo from Boomer & Echo presents MBNA Smart Cash MasterCard Review, and says, “I’ve earned $500 already this year with the MBNA Smart Cash MasterCard.  Here’s how:”

Shaun from Money Cactus presents How to Use a Credit Card, and says, “Credit cards can be really bad news if used incorrectly, but can also offer some great benefits if used the right way. Here is my take on how to use a credit card with some handy resources to help you find some extra rewards.”

Jake Gibson from NerdWallet Credit Card Blog presents Starwood American Express Still Tops Hotel Credit Card List, and says, “Despite an influx of new hotel credit cards, the American Express Starwood has managed to keep its position as number one.”

Clint from Accumulating Money presents Do’s and Don’ts of Closing a Credit Card Account, and says, “Closing a credit card account can be a little daunting, especially if you’ve never done it before. Before you close that credit card account, read through this do’s and don’ts list so you know just what you should and shouldn’t do.”

Ramsay from Moneyedup presents Protect Your Identity Tips, and says, “The Internet is a fabulous place to find entertainment galore, shop, search for answers, and pay bills with everything so accessible and convenient, but for the very same reasons it has become incredibly important to protect yourself against identity theft and credit marring. ”

Jeff Weber from Smart Balance Transfers presents Credit Card Auto-Payments: The Late Fee Safety Net, and says, “Credit card auto-payments are a must use tool. Not only do they prevent late fees, but they can also stop banks from cutting credit limits or increasing rates on future purchases.”

Nathan Richardson from ComplexSearch presents Benefits and Drawbacks of Credit Score Monitoring, and says, “For roughly $15-$20 per month, consumers will receive information from the credit bureau monitoring their score showing any changes to that score – is that fee worth it?”

Chris Holdheide from Stumble Forward presents How To Pay Off High Interest Credit Cards Fast, and says, “Learn about the simple plan I used to cut down my credit card debt fast.”


Corey from 20’s Finances presents Steve Jobs Died: What Was Important to Him, and says, “Steve Jobs’ life offers us a diving board into the discussion of whether we should work just for the money. Find out what is more important than money.”

IS from Intelligent Speculator presents If You Could Meet Warren Buffett And Ask Him One Question, and says, “What would you ask Warren Buffet if you could?”

Pat S from Compounding Returns presents Why We Mourned A Stranger: The Steve Jobs Effect, and says, “Steve Jobs was more than a cultural icon. He was an inspiration to entrepreneurs worldwide.”

Personal Cents presents What’s Being Done About Jobs?

Roshawn Watson from Watson Inc presents Did Americans Get Poorer or is USA Today Wrong?, and says, “A recent USA Today article suggests that the typical American family got poorer in the last 10 years.”


Flexo from Consumerism Commentary presents Offering Your Services for Free, and says, “You may not think of giving yourself away for free, but sometimes offering things for free provides future business. Give a little to get a little.”

Control Your Cash presents Less chocolate, more income, and says, “Think about what society has chosen to value and chosen to dismiss. Incurring consumer debts of $57,000 is considered something worth sharing. Imagine if someone else proudly announced that he’d accumulated $57,000 in assets.”

DJ WetzelSTRONGside from Money for College Project presents Graduate in Four Years Guaranteed. If Not, You Get Free Tuition., and says, “This article is about the power of motivation in graduating from college on time. The schools in this article are giving incentives to students to graduate on time.”

Jim from Free By 50 presents You Need A Strong Password, and says, “Your accounts are only as secure as the password that protects them.”


Money Beagle presents 10 Tips To A Cheap Cruise Vacation, and says, “Make sure you get the most value for your money when considering a cruise.”

Money Thinker from Money Thinking presents 4 Tips to Lower Your Heating Costs, and says, “Brr! With the sudden change in temperature, Money Thinker is thinking ahead to how everyone can save on their heating costs with 4 smart tips.”

Dough Roller presents How to (Quickly) Sell Your iPhone 4 For Cash, and says, “If you own an iPhone that you don’t need or don’t want anymore, consider selling it with a few sites willing to pay top dollar.”

Fanny from Living Richly on a Budget presents How to Cut Out Unnecessary Expenses, and says, “Unnecessary expenses can add up over time.  If you can trim those expenses, you’ll have more money in the end.”

PKamp3 from Don’t Quit Your Day Job presents Frugality vs. Reality: Is Frugality Overrated?, and says, “I’m not anti-frugality, but I do think there is an overabundance of frugality posts in our corner of the internet.  I laid out 4 of the reasons when frugality is assuredly the wrong choice in a situation.”

Britney Hope from TotallyMoney presents 25 lovely gifts that won’t break the bank

Annabelle from Shopping Detox presents You frugal guide to Canadian Thanksgiving, and says, “Canadians have Thanksgiving in October (which makes more sense really). These tips can help Americans with your crazy November Thanksgiving, too.”


Cash Flow Mantra presents Buy Your Gold Now Before Summer 2012, and says, “Next summer China will be opening a gold market that will compete with London and the Comex. This could have a significant impact on the price of gold.”

Dividend Growth Investor presents Best Dividend Stocks of 2011, Q3 Update, and says, “Dividend stocks offer the best of both worlds – capital gains along with a recurring quarterly cash income stream.”

Jim Yih from Retire Happy Blog presents Three consequences of selling in a bear market, and says, “Investors looking to sell in a bear market need to understand three really important consequences of selling.”

D4L from Dividend Growth Stocks presents 7 Dividend Stocks Delivering The Secret To Successful Investing, and says, “Many people spend their investing lives jumping from one investing strategy to another. It seems they are always looking for that hot combination that will produce instant wealth.”

Jeremy from Generation X Finance presents How to be a Conservative Investor

Mark Patterson from Go To Retirement presents Is Your Retirement Calculator Telling You Lies, and says, “Long term investors often use online retirement calculators to design or test their portfolios. Those calculators could be telling you lies.”

Kevin Mulligan from Roth IRA.com’s Retirement Planning Blog presents It’s Time to Return to Value Investing, and says, “Is growth investing dead? Should you focus just on value investing?”

Craig Ford from Money Help For Christians presents Mastering the Art of True Passive Investing | A Guide for Worry Free Investing, and says, “Learn how to invest without all the stress and worry.”

ElizabethG from Modern Gal presents Handling the Flurry of Bad Financial News

Sean Smarty from Grow Money presents 5 Stock Market Beating Alternative Investments

Div Guy from The Dividend Guy Blog presents Dividend Growth Index Results, and says, “The most recent results are shared from this contest.”

Money Management

Hank from Money Q&A presents Three Places To Find Money In A Pinch When Times Are Tough, and says, “There are very few places to turn to when times are tough and you are in a financial pinch. Too many people turn to payday lenders when there are so many other good options with lower interest rates.”

Glen Craig from Free From Broke presents New Bank of America Debit Card Fee: Here’s What You Should Know, and says, “Have you heard about the new Bank of America debit card fee? BofA is going to start charging a $5 debit card fee. Here’s what you need to know about the fee and what you can do about it.”

Bob from Christian Personal Finance presents Eliminating Cable TV Saves More Than We Think, and says, “Cutting the cable TV bill to reign in your budget—you probably know all about that one, don’t you? But that’s not what I’m going to talk about. There are more savings in cutting out television than you think!”

Khaleef Crumbley from Fat Guy Skinny Wallet presents How To Create Good Habits And Stick To Them, and says, “To make some immediate progress, simply boil it down to three main areas: Personal Finance, Meal Planning & Exercise Regimen.”

The Wealthy Canadian presents Planning For Retirement: Knowing What You Will Need, and says, “This article discusses the topic of retirement and touches on answering the popular question of knowing how much you will need to get there.”

Khaleef Crumbley from Faithful with a Few presents Why You May Need Natural Disaster Insurance, and says, “Natural disaster insurance is something that is needed by many, but obtained by few. Find out all you need to know about this coverage, and why you may need it!”


Financial Uproar presents Keep It Common Law, and says, “There’s a lot on the interwebs about saving money, doing various frugal tips and hacks and what-not.  But what if I could save you tens of thousands without having to lift a finger?  It’s simple.  Don’t get married.”

Madison from My Dollar Plan presents Helpful Answers to Flexible Spending Account Questions, and says, “It’s open enrollment time which means it’s time to add up your health care expenses and try to guess how much money you should put in your flexible spending account!”

Money Walks from Money Walks presents That’s What Customer Service is For!, and says, “Ever complain to customer service? Maybe you’ve been incredibly happy with a service or item? Either way, Money Walks shares exactly why it’s a great idea to let customer service know your thoughts.”

J.B. from My University Money presents The Carnival Of Financial Camaraderie, and says, “We are happy to have launched our first carnival! Stop by and say hi!”

Justin from Money Is The Root presents Blog Kaizen, and says, “Kaizen is simply the idea of continuous improvement. It’s applicable to many facets in life, including your blog.”

Paul Vachon from The Frugal Toad presents Time Managements Tips – How to Create Value While Saving Time, and says, “Ever hear of the phrase Time is Money? Effective time management can help you become more productive, lower your stress level, and leave you with more time to do other things.”

eemusings from Musings of an Abstract Aucklander presents Are coupons harmful to a brand’s value?

FMF from Free Money Finance presents Are Car dealerships This Scary?, and says, “This comment from a reader makes me never want to go to another auto dealer in my life!”

Real Estate

Jacob from My Personal Finance Journey presents The Benefits Of Finding The Right Loan, and says, “For most of us, buying a home will be the biggest investment that we make in our entire lifetime.”


Elle from Couple Money presents How to Save on Your Cell Phone Bill, and says, “Cell phones can be one of the biggest bills for families. I share some tips to keep your bills manageable.”

Boomer from Boomer & Echo presents How To Save Money On Groceries, and says, “I was determined to save money on groceries by reducing my grocery bill by 25%.  Here’s how:”

Dave from Dividends For The Long Run presents Quarter 3, 2011: Net Worth Analysis, and says, “In this article I look at where I stand in terms of net worth and set a goal for where I want to be by the end of the year.”

Eduardo Nelson from DollarMusings presents This Is Why We’re Broke


Pete from IPersonalFinances presents Unless you’re rich, don’t consider FICA a tax, and says, “When people complain about how much taxes they are paying (especially comparing themselves to Buffett’s secretary), they forget about how they are helping to secure their retirement savings.

That’s it for this week’s edition of the Carnival of Personal Finance.  Please remember to link back to the Carnival as soon as possible.  Next week the CoPF will travel to Squirrelers and you can submit your article here.

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