Carnival of Personal Finance #316- Family Edition

iStock 000003953171XSmall Carnival of Personal Finance #316  Family Edition

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. This week I am reminding you all about those special people in your life- your family. This past weekend I headed out west with my husband, brother, and his girlfriend to help my parents move into their new house. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Families are our rock, our support system, and our fans. Family is there when you need a hand or some advice. They are also there working with you to help you reach your goals; even those financial goals.

Many of us have just celebrated Canada Day or Independance Day; a holiday where we celebrate our freedoms. I would like to remind you that having a family is a freedom that we often take forgranted. In many countries around the world families are seperated from each other and in extreme cases some family members are killed. So in lieu of this, why not celebrate with me today how much you value your family. In this edition I have included some quotes on family and their value. I hope you enjoy them. Now, on with the carnival.

Below are this week’s Editors Picks. These are not necessarily the best posts but the posts that resonated the most with me. I hope you enjoy them too.

Editor’s Picks

Suba from Wealth Informatics  asks If you have a choice, how much choice would you like?. This post really hit me on the head. When I was in Asia in April I was reminded that many people in this world aren’t given the option to choose. Here in North America we can choose whatever we want. In fact we can sometimes have too many choices. I know I sometimes get bogged down with too many options and I can take forever to make a decision. How about you? What do you think?

Philip from Deliver Away Debt shares his story:  How I Delivered Away My Debt. I found this post very inspiring because it outlines that there are no limits to what we can and cannot do. If we put our mind and actions to reaching a goal then we will complete it. Telling ourselves we can’t do something is just an excuse to not try. If we make effort we will succeed.

Nicole from Nicole and Maggie: Grumpy Rumblings of the Untenured tells her story about giving Self Serving Donations. Sometimes a charitable contribution can make a direct impact on your life and others. In this case, they helped a school fund interactive learning activities. It just goes to show you that a difference can be made.

Financial Uproar from Financial Uproar discusses The Damn Kids These Days. I agree. The disrespect of authority and lack of appreciation is nothing new. It has gone on for generations. However, I think there has been an increase in occurrence. What do you think?

Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B?. Life has a tendency to make drastic changes quickly, and if you do not have a plan or idea of how these changes might change your life, you are going to be in very deep trouble. I have unfortunately gone down this road in the past and learnt my lesson. A plan B is a must in any home.

Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. I am so passionate about going green that this post just hit me on the head. He’s right. There are plenty of other things that are just adding to the problem.

Best of the Rest

“Just because someone doesn’t love you the way you want them to doesn’t mean they don’t love you with everything they got.”

mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? Watch out!, and says, “The big debt clock is over $14 trillion now, but this other one is approaching $1 trillion, and may affect you more directly.”

Jason Price from One Money Design interviews Chuck Bentley: The Root of Riches Book Interview.  Chuck wrote the book to challenge how people think about money.”

Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Your City or County May Have Free Money For You. Often times, home buyers may not be aware that free money for a down payment on a house is still available for qualified buyers.

ElizabethG from Modern Gal shares how she is Coping with Bad Financial News.

Anon from Gen Y Capitalist tells Why It’s Better to Travel NOW Rather Than Save For Later. Music to my ears!!

“The love of a family is life’s greatest blessing.”

Ryan from The Financial Student talks about Getting Rid of Student Loans. Some people find themselves buried under student loan debt with little chance of ever paying it off. Don’t worry, there are options.

Kevin Mulligan from RothIRA.com’s Retirement Planning Blog tells us how to  Take Advantage of Retirement Accounts for a Side Business.

Tim from How to Make Bankable Savings discusses Buy Versus Rent: Non-Financial Considerations are Key The decision to buy or rent your home involves more than a financial analysis.

Shawanda Greene from You Have More Than You Think presents Why’s It Got To Be All or Nothing?

Crystal from Stupid Cents talks 401k Allocation and where to put your money.

“The best inheritance a parent can give to their children is a few minutes of their time each day.”

Jim Yih from Retire Happy Blog discusses Reverse Mortgages, and says, “Reverse mortgages are marketed effectively but are they really all they are cracked up to be? A Reverse mortgages has both advantages & disadvantages.”

Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance.

Nathan Richardson from ComplexSearch.com presents What’s a Good Credit Score?

Bret from Hope to Prosper shares 4 Important Lessons on Investing, and says, “MySpace, king of the social networks just a few short years ago, sold for a paltry $35 million this week. I won’t invest in Facebook, Twitter or most other online businesses and here are 4 important reasons why.”

Andy from Saving to Invest discusses Happiness in Life and Work. Hint : It Ain’t The Dollars, How do you measure your success in life?

Kay Lynn Akers from Bucksome Boomer asks When Should You Start Investing?,

Jacob @ My Personal Finance Journey discusses Online Shopping – The Risks, Benefits, and How to Stay Safe. These days, there is an ever-growing concern about the safety of our personal information when it is shared over the World Wide Web.

Glen Craig from Free From Broke asks Are Banks Ratcheting Up Their Profiling Efforts?,

“In family life, love is the oil that eases friction, the cement that binds closer together, and the music that brings harmony.”

Sean Smarty from Grow Money talks about How to Invest During College. Many of us should have started earlier don’t you think?

Danielle Liss from Kitten a Go-Go shares her  Top Five Most Ridiculous Money Moments. Thanks for the honesty.

Cathy Moran from Money Health Central reminds us to Make Sure There’s Life After Debt, and says, “The physical cost of getting out of debt may be more than you should pay. ”

Darwin from Darwin’s Money asks Are You Better Off Than Your Parents?. I would say that my husband and I both are.

Bob from Christian Finances asks Is it time to go on a cash diet? Sometimes a cash diet (not a crash diet) is necessary to get the ball rolling to help you reach your goals. This doesn’t mean you will always live with a cash budget, although you certainly could.

Len Penzo from Len Penzo dot Com says Why I Shouldn’t Have Got Behind the Nice Lady in the Supermarket Line.

Outlaw from Outlaw Finance presents Fundamental vs. Technical Analysis: A Basic Overview of Investing.

“To support mother and father, to cherish wife and child and to have a simple livelihood; this is the good luck.”

Philip Taylor from PT Money Personal Finance presents The Best Gas Rewards Credit Cards–June 2011. I wish we had some of these in Canada.

Jaimie from I’ve Paid Twice for This Already presents Best Place to Sell Your Stuff Online. This post is for those of you who are looking to make a side income online.

Boomer from Boomer & Echo talks about Bailing Out Your Adult Children. A recent survey claimed that six out of ten parents provide or have provided financial help to their adult children. I must admit I am guilty of this. My parents have helped us in the past.

FMF from Free Money Finance shares his Simple Car Email. He used this email to save thousands of dollars on his last three car purchases. Thanks for letting us know your secret.

Ben from Money Smart Life provides Credit Card Bonus Comparison Charts so you can make the best decision.

Money Thinker from Money Thinking asks Is Going to College Still Worth It?

Harri Pierce from TotallyMoney discusses How to get your money back when a company goes into administration

Beating Broke from Beating Broke shares Multi-Cultural 4th of July Party Suggestions, and says, “Tired of hamburgers and hotdogs at your grill outs? Try these tasty suggestions from Melissa @ Beating Broke!”

“The family is the school of duties- founded on love.”

Squirrelers from Squirrelers presents The Case for a Bigger Emergency Fund. Is the conventional advice of keeping a 3 to 6 month emergency fund still valid? This article discusses why it might be better to have a bigger emergency fund.

Jen from Master the Art of Saving presents Credit Card Happy!

Dividend Growth Investor from Dividend Growth Investor shares 16 Core Dividend Stocks for your income portfolio.

JB from My University Money asks Are You Using LinkedIn?. Getting your name out there is sometimes easier than you think. By signing up with LinkedIn you can instantly connect with thousands of industries as well as industry professionals.

md from Passive Income Now asks How Much Work Does an eBook Take?

Md from Studenomics tells us The Hardest Part of Getting a Business Off The Ground

Jill from My Dollar Plan asks How Do You Combat Spending Anxiety?. You know you have to bite the bullet on a big purchase but why is it so hard?!”

Junior Boomer from Consumer Boomer asks Is It Better To Save Or Repay Debt?

Jeff Rose from Good Financial Cents shares Questions to Ask About Balance Transfer Cards. Before you commit to a new credit card you need to ask these important questions.

Pat S from compounding returns asks Pay Off Debt or Invest for The Future?

Mike from The Dividend Guy Blog tells How To Build A Solid Dividend Retirement Portfolio.

IS from Intelligent Speculator discusses Finding Shareholders In Unconventional Ways.

“The family is a haven in a heartless world.”

Mike from Experiglot discusses Paying Down The Mortgage Vs Investing. Good question. What have you done?

Mike from Green Panda Treehouse shares how you can  Build Your Financial Wealth One Click at a Time. This is something we can all try.

Mike from The Financial Blogger tells us how to write an ebook.

Money Beagle from Money Beagle shares Our Son’s First Money Lesson, and says, “You can never start too early!” I totally agree. My kids are going to know about money as a fetus. lol

SB from One Cent At A Time tells us about Credit cards and their hardship program. I don’t think we have these in Canada but if you have access to one you might want to look into it.  The program helps people in short term financial hardship pay off their debt by reducing APR, fees and minimum balance.

Daniel from Sweating The Big Stuff shares Tips to Start Saving For The Holidays. Yes I know summer just arrived but he has a point. Being prepared financially is a must for a healthy budget.

Jason from Live Real, Now shares his story of  Getting Back on Track. Have you ever derailed your goals? How’d you get back on track? I know for me it wasn’t easy; I needed a lot of support and motivation.

“Rejoice with your family in the beautiful land of life.”

This concludes this week’s carnival. I hope you have enjoyed it and found it informative. Next week’s carnival will be hosted by Bucksome Boomer. If you would like to submit a post please use this form.


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