Carnival of Personal Finance – Beach Day Edition

Welcome to this week’s Carnival of Personal Finance (#416), in which we take a trip to the beach. After all, it is the start to summer, so what better way to kick it off than by sticking our toes in the sand and kicking back and relaxing with some good reads.


20130602-180222.jpgEditor’s Picks

These five posts are the top of the stack for our beach. Well, right underneath the dog-eared copy of a chick lit novel that I’ll own up to reading more times than I can count.

  • Donna Freedman from Surviving and Thriving presents A satisfied life, and says, “A woman I know rarely wants anything. That’s not because she’s clinically depressed or too impoverished to dream. It’s because she’s satisfied.” Maggie’s satisfaction and happiness with life is a lot of what Mr PoP and I aspire to, and I love that when Maggie finally did want something, it was beautiful flowers. I can definitely relate to that!
  • Adam from Adam Hagerman – Financial Coach presents Facing The Skeletons In Your Financial Closet, and says, “How long has it been since you last reviewed your spending? Last month? Last year? A past life? Checking in on your previous spending can truly open up your eyes. A properly structured income statement can help you review spending patterns and determine expenses that can be reduced or even eliminated.” Adam, you’ve read our minds. Regular readers of PoP know we’re huge advocates of analyzing spending patterns and preparing income statements. Heck, you can check out our latest one that published this morning!
  • vh from Funny about Money presents One More Year…Until the Year Arrives, and says, “Frugal Scholar writes about looking at one’s financial life as though you had only “One More Year” (OMY) till a layoff or retirment. I had about that amount of pre-layoff notice: here’s how a real-world OMY shook out then.” If this quote doesn’t convince you to read this gem, I don’t know what will… “And when one bounces off that trampoline into a brave new world, one finds that permanent unemployment is just another word for freedom.”
  • nicole from Grumpy Rumblings presents Does unemployment hurt you on the job market?, and says, “Ever wonder if it’s true that employers prefer to hire currently employed people over the unemployed? Nicole and Maggie share the truth from a recent study and discuss how you can signal you’re productive if you’re looking for work after a jobloss.” In a tight market, the positioning that N&M recommend may be just the ticket to move your resume from the “no” pile.
  • Gary from presents Summer Jobs For College Students, and says, “Summer is here and college students may be worried that the economy won’t permit them to get jobs this summer. Fortunately, more than 19 million youths got summer jobs last year, and here is a great list of jobs for college students.” I hate to say “back when I was that age…”, when that was really only about 10-12 years ago, but I can’t help but think that when I see some of the estimates for babysitting pay. $15/hr? Really? I got $3/hr. Jeez. Now I’m going to go reminisce about $0.29 stamps.

And as an honorable mention because he managed to guess this week’s theme before it was even decided, we have…

  • John from Card Hub with Why Should You Care About Your Credit Standing? To Get a Job, For One Thing. “While everyone is probably more concerned with whipping their bodies into shape for beach season, it’s important to not forget about our credit scores as well. In addition to the interest rates you’ll get on loans and lines of credit, your credit impacts the insurance premiums you pay, your ability to lease a car or rent an apartment, and even the jobs for which you’ll gain serious consideration.”


Your home is your castle, though perhaps not in this case.

Real Estate

  • Peter from Bible Money Matters presents The Great Big List of Things to Do When Getting Ready to Sell Your House, and says, “Selling your home can be quite the undertaking, but if you put in the time, do your research and do what it takes to make the sale, you could end up with thousands more in your pocket because of your hard work.”
  • Rob Berger from Dough Roller presents A Complete Guide to Closing Costs, and says, “A complete guide to the types of closing costs a homebuyer can expect, the amount of these costs, and how to lower or even eliminate many of them.”
  • Lynn from Wallet Blog presents Just in time for 5/29: 529 College Savings Plans, and says, “During the past 10 years, the cost of tuition and room and board at 4-year public universities has risen by nearly 49%. To offset this sticker shock, simple investments specifically designated for college planning are a good way to go.”
  • Katie from IRA Basics presents Affording Closing Costs on Rental Properties, and says, “If renting is a necessity still learn to cover closing costs.”



Jellyfish, err. Ex-Jellyfish.

Money Management

  • TTMK from Tie the Money Knot presents The Art of Financial Compromise, and says, “Couples don’t always agree on every financial matter. I many of these cases, the art of compromise can help effectively manage joint finances!”
  • Miss T. from Prairie Eco Thrifter presents Take Your Kids on a Money Trip to the Store, and says, “Teach your young children more about money by taking them to the local Walmart or other grocery and variety store. Here are a few suggestions on ‘lesson plans’ on your money trip to the store.”
  • Anton Ivanov from Dreams Cash True presents Is Early Retirement Possible?, and says, “Is it really possible to retire early, or is it just wishful thinking getting the best of you? It turns out that with early planning and smart financial decisions, early retirement is possible!”
  • SB from One Cent at a Time presents Common Financial Mistakes to Avoid in Day to Day Life, and says, “You work hard for your dollars as do I. When we make financial mistakes, those hard earned dollars seem to fly right out the window. Even worse, often times, we don’t even know that we are actually making a mistake at all. Therefore, even though you make a pretty good living, you may still feel like you are constantly in the red. Here are some of the most common financial mistakes that consumers make and what you can do to avoid them.”
  • Bob from Dwindling Debt presents 7 Tips to Avoid Rising Bank Fees, and says, “Unfortunately banks charge fees, learn to avoid them.”
  • Jay from Daily Fuel Economy Tip presents Tips for Switching Your Car Insurance Provider in 2013, and says, “It’s the law to have car insurance, but do you have the best one for you?”
  • Hadley from Epic Finances presents Savings Accounts Explained, and says, “The many different types of accounts can be confusing. Learn the difference here.”
  • Lenny from Best Money Saving Blog presents Financial Advice for Planning your Retirement, and says, “Planning for retirement is vital.”



This little guy was glad to get flipped back over to crawl back into the water!


  • D4L from Dividend Growth Stocks presents 7 Select High-Yield S&P 500 Dividend Stocks, and says, “The S&P 500 Index is owned and maintained by Standard & Poor’s, a division of McGraw-Hill. The index was first published in 1957 and is the second most recognized index in the U.S. behind only the Dow Jones Industrial Average. This week week, I screened my dividend growth stocks database for stocks that are members of the S&P 500, have a yield of 4% or more and have increased their dividend for 10 or more consecutive years…”
  • Eric from Narrow Bridge Finance presents Are High Dividend Stocks Good?, and says, “When you are searching for stocks to buy, you have the option to look at stocks that have dividends and stocks that do not have dividends. Your gut probably tells you that dividends are good because your stock is paying you. However, when you run the numbers non-dividend stocks may be a better deal.”
  • Jon from Novel Investor presents ETFs For Rising Interest Rates, and says, “The recent Fed hints at ending QE means rising interest rates. Here are several ETFs to protect yourself and invest in as interest rates rise.”
  • Jacob @ My Personal Finance Journey from My Personal Finance Journey presents Should You Include Emergency Fund and Specifically-Earmarked Savings in Your Overall Asset Allocation?, and says, “Should savings that are earmarked for specific short/intermediate-term needs (vacations, buying a car, home down payment, college savings, doggie emergency fund, buying a new $3,000 bike, saving for a pool, saving for a rental real estate investment) and one’s emergency fund be included in your long-term asset allocation percentages? Or, should it be considered as a completely separate basket(s)? This post answers these questions.”
  • Chuck Yeaman from The Tortoise Banker presents Stay the Course Investing, and says, “An exploration of John Bogle of Vanguard’s signature phrase.”
  • Lily from Dwindling Debt presents Making a Case for Dividend Stocks, and says, “Not enough is said about dividend stocks.”
  • Pete from Intelligent Speculator presents Time For A Fresh Look At Facebook, and says, “Should you invest in Facebook?”
  • Div Guy from The Dividend Guy Blog presents Stock Squeeze! Look For All The Money You Can Invest in The Stock Market, and says, “I’ve carefully been looking at the market and what I see is beautiful…”
  • Dividend Growth Investor from Dividend Growth Investor presents How Warren Buffett made his fortune, and says, “While most investors are familiar with the story of Berkshire Hathaway, few seem to know how exactly Buffett made his first millions, that catapulted him to Berkshire Hathaway and the companies and stocks he owns through it.”





Random Fact: A horseshoe crab is considered a living fossil!


  • Big Cajun Man from THE Canadian Personal Finance Blog presents Term Life Insurance over 50, and says, “Life insurance for folks over 50 looks like a growth industry for cut-throat trickery.”
  • Ross from Wallet Hub presents How to build equity?, and says, “Equity simply means how much you own of a piece of property. The rate at which you build equity obviously depends on how quickly you pay down your loan. But there are a number of other ways you can increase your equity.”
  • Daniel from My Knowledge Blog presents Why Life Insurance is an Important Part of Your Financial Plan, and says, “When talking about personal finance, we often mention things like reducing debt, investing in stocks, and making our net worth grow. That’s fine and all when we’re talking about the offensive part of our financial plan, but we often leave out the defensive part of our financial strategy, life insurance. I consider this to have just as much importance as any investment that we could make. In this post, I go over a few reasons why.”
  • Rob Berger from Prepaid Cards 123 presents Justin Bieber Prepaid Card–The Good, the Bad, and the Ugly, and says, “Justin Bieber has just endorsed a prepaid debit card, an odd turn for the teenage heartthrob. Here’s the good, the bad, and the ugly of this teen debit card.”
  • Mike from The Financial Blogger presents How You Can Help The World Out, and says, “Are you helping this planet out?”
  • Kristen from My Dollar Plan presents How to Increase Your Income, and says, “Finding ways to save money and pinching pennies is a great plan to be able to put more money towards your financial goals but increasing your income is another vital piece of the puzzle for improving your finances.”
  • Justin from Digit Fox presents How To Pull The Best Technology From The Crowd, and says, “Learn how to make the difficult decision about the newest technology.”



Love the color of this seaweed!






This little guy is going places… sky high on that corporate ladder.






Want to save on groceries? Eat sea grapes. Yum!




  • Jen from Money Life and More presents This Simple Budget Tweak Helped Me Save Thousands, and says, “In the traditional sense of paying yourself first, it’s common practice to set up a separate savings or retirement account, automate deductions to be funneled into the account(s), and avoid touching the money. More than establishing a rainy day or emergency fund, it’s a way to establish a solid foundation for a retirement that isn’t wrought with financial woes.”


I hope you’ve all enjoyed our trip to the beach, but sadly, the day must end and the sun must go down eventually.


That concludes this week’s edition of the Carnival of Personal Finance. To submit your post for next week, go here.

29 comments to Carnival of Personal Finance – Beach Day Edition