Yakezie Carnival – Credit Cards Edition

Hello and welcome to this week’s Yakezie carnival. Since there seems to be so much in the news lately about credit cards- the good ones, the bad ones, the ugly ones, the fee free ones, the reward ones, the secured ones, etc. I figured I would talk about credit cards as today’s theme.

With so many different options out there, a consumer really can get overwhelmed and into trouble if they don’t know their credit card basics. This is not something I want to see, so today I have a few videos for you that will dispell credit card myths, teach you how to use them properly, how to keep them safe, and how to make sure you should be getting credit in the first place .  Take a moment to watch them. You might just learn something.

After that, while you all primed and interested in personal finance, continue and read the awesome articles that were written across the web this week regarding personal finance and enhancing your lifestyle. Thinking about saving money, traveling the world, investing in the market, or starting a new job? Look no further because it is all in here this week.

Read away my friends. I promise you it will be worth your time.

The College Investor: Start Automatic Investing in 2012 – How you can automate your investing in 2012 the easy way.

My Multiple Incomes: Blogging and Freedom of Speech – A look at where your freedom of speech ends when you blog.

The Debt Princess: The Kool-Aid Effect: The Relationship Between the Poor & Nutrition – A look into how the working poor are eating unhealthy. Discussing how it is easier to eat healthy when you have food stamps but once that is gone or you have “graduated” from the program, you can no longer eat as well.

Penge Snak!: Life Insurance: 10 myths – Life insurance is one of the most misunderstood financial products that the average citizen encounter. When things are complicated, myths develop. Some myths are close to truths … but many are not. This post discusses the top 10 myths about life insurance

Financial Success for Young Adults : Little Futures on the Prairie – Do you remember Little House on the Prairie? If Pa had known about the futures market he could have made money selling a futures contract. Futures introduction.

Funancials : Should I Cancel My Credit Card? – Over the last few years, Credit Reporting has gotten a lot of attention in the media. Part of it due to the Dodd-Frank Financial Reform Act, but I also give a lot of credit to the jingles of Freecreditreport.com. Although I love the commercials, I’m not a huge advocate of the website.

Thousandaire : Do the “Experts” Know Anything about Picking Stocks? – I’ve been investing in the stock market for over four years now, and at times it’s been downright ugly. The only investing strategy that makes sense to me is buy and hold. Short term investing, even for just one year, seems like a complete crap shoot to me. Read why!

Money Q&A : Seven Car Insurance Myths You Need To Know – There are a lot of car insurance myths that continue to be spread around by consumers. It is important to understand as much as you can about how your car insurance rates are calculated and to debunk the popular car insurance myths.

My Broken Coin : Would You Date a Guy From a Trailer Park? – I try not to judge a book by i’s cover because usually the cover very seldom reveals what is written inside of the book. A few years ago I passed judgment on one of my good friends based on a social stigma. Read my social class dilemma!

101 Centavos : Interview With Foster Wilson of MESA EXPLORATION – Mesa Exploration (formerly Mesa Uranium) is a junior exploration company active in Utah and Arizona. I bought shares of MSA (MSJAF on the pink sheets) …

The Ultimate Juggle : Easiest Way to Make a Profit in Real Estate – Investing in real estate can be a great way to set yourself up for the future. If you invest in the right property at the right price, you can create a positive cash flow from the beginning.

Frugal Confessions : A Great Site to Sign up for Email Offers – Learn about this great tool to hone your frugal skills like I do!

Broke Professionals : How to Prepare to Give an Effective Presentation – Presenting ideas, products and information is an integral part of being in business. Whether you are trying to convince the boss to give you a raise; nudge your customer into buying the latest shiny product the company makes; or pry venture capital lose from an angel investor, you need presentation skills. Read on to lean my thoughts.

The Penny Hoarder : Get Paid to Reduce Your Energy Usage – There are some money-saving ideas that you’ve no doubt heard a million times. Some of the most oft repeated tips are how to reduce your energy bill. Turn off the lights. Lower the thermostat in the winter. Buy an energy efficient water heater. Those are all great ideas, but one company is taking it a step further to help motivate us. Read on to learn more!

Passive Income To Retire : Is it Possible to Retire on Rental Properties? – Not only is it possible to retire on real estate, there are many benefits that you need to take advantage of.

Sweating the Big Stuff : How I Made Money on a $371 Visit to the Mechanic – After bringing in my car for maintenance, I was given a loaner for a 1,000 mile to and from San Francisco. Just how much money did that save me?

MoneySmartGuides : The Real Cost of Eating Out – I was looking over my budget for the previous month and something stood out. At first, I thought I made a typo along the way. Maybe I categorized a purchase incorrectly somewhere along the way. After checking and rechecking and I discover the real cost of eating out!

Finance Fox : Reasons to Buy a Car in January – After the Holidays! – Consumers used to shop heavily during December in order to reap the great rewards from the retailers. However, times have changed. Consumers are getting more wiser and January has also become a hot month for retail therapy.

Your Finances Simplified : Our Net Worth Increased By 125k in 1 year – So last year turned out to be really good for the YFS household. How good? Well I’ll let you decide. At the start of 2011 our net worth was $122,403.43. At the start of 2012 our net worth is $246,756.54! That is s serious gain, IMHO!

Newlyweds on a Budget : Paying down student loans – The following is a guest post. My student loans stand at approximately $22,550. I originally had about 9 different loans, but I ended up consolidating them. Debt consolidation loans help minimize the payment you have to pay, which was a huge help back when I was a broke college graduate.

Personal Finance Journey : Should You Leave a Life Insurance Policy to Your Kids? – Determining whether or not to purchase a life insurance policy is a big decision. Many of us want to leave something behind for our family, but there are a few things you need to consider before taking on a monthly premium!

Smart Family Finance : Crash Course in UCC Check Indorsement Rules for Newlyweds and Why You Should Never Use “And” or “&” When Writing Checks to Newlyweds – Newlyweds face unique complications in cashing wedding checks thanks to the ambiguity of name changes. Learn what the UCC rules are for signing and cashing checks and never put the word and or & on a check to newlyweds

My Retirement Blog : Retirement Planning Requires Action – If you are starting to think about your own retirement, you are on the right path. You have taken the first step towards achieving that dream retirement. You may need to spend some time writing down your goals and/or expectations for retirement, but asking the questions is where everyone begins. Yet, just thinking about retirement

Darwin’s Money : No Cost Refinance – A No-Lose Financial Move? – A no-cost refi is starting to make more sense to me now that I’ve read more about it, and I was especially surprised to see the number of no-cost refinance companies out there. I’ve been contemplating a refi for some time now and had initially put it off due to the exorbitant fees…

20s Finances : Different Types of Financial Aid – Learning the different forms of financial aid can make all the difference in reducing your college debt.

Young Family Finance : Appropriate Tip – Find out what an appropriate tip is when you are eating out. How much are you overspending?

The Family CEO : A Mastermind’s List of the Top Ten Posts of 2011 – Check out my 10 most popular post for 2012

Money Reasons : Home Security! Deciding to Spend or Not to Spend – It’s Jan 1, 2012 at 4:14am, my dog started barking like an entire gang was at my front door trying to break in. Much like the dad in Clement Clarke Moore’s poem, Twas the night before Christmas, I sprang out of my bed in an adrenaline pumping state ready to encounter whatever threat might exist.

DebtEye: Credit Card Repayment – The secret to getting your credit card companies put you on an affordable repayment plan to get out of debt!

Personal Finance Whiz: Ever Had a $16 Burger…From Wendy’s? – Wendy’s has just launched the Foie Gras Rossini burger in Japan. This stylish square patty topped with goose-liver pate and truffle butter will set you back a cool $16.

Narrow Bridge Finance: Tax Time Strikes Again – Preparing for Your 2011 Taxes – A quick rundown of tax forms to look out for as we approach tax season for 2011.

Married (with Debt): Meal Plans Kick Grocery Lists’ A$$ – If you are looking for an easy way to save big money in your monthly budget, groceries are a good place to start. By ditching your grocery list in favor of a meal plan, you can take control of your finances and your eating, and change the way food affects your budget.

Saving Money Today: Costco American Express Card Review – Is the Costco American Express TrueEarnings Card Worth Adding to Your Wallet?

My Journey to Millions: Reflections on My Attempts to Save Money by Driving Less – I decided to keep my car but use it less. I would set firm limits on my gas consumption. I would walk, bike, and take transit.

Money Cone: It Never Hurts to Ask – I recently bought an electric razor from Amazon. Within a couple of days, the price of the same razor dropped by 25%! Even though Amazon’s policy is not to refund the difference, I decided to call and ask.

Invest It Wisely: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School – Andrew Hallam is an excellent teacher, and he continues to inspire and motivate me through his passion toward finance and life. He uses humour and anecdotes to get us interested in the message, and then to show that he’s serious, he backs it up with a comprehensive set of references and research.

Living in Financial Excellence: How to Make Money by Blogging – Accepting ads on your site can earn you some extra money but you have to be careful with the types of ads you accept so you don’t send conflicting messages to your readers. You also don’t want to overwhelm readers with ads in the text of your posts because that can scare them away.

Live Real, Now: Deathbed Regrets – A friend recently pointed me to an article written by a hospice nurse. This nurse spent her career working with people who were dying, beyond recovery, and aware of it. Her job, primarily, was to provide comfort, whether that be physical or emotional.

During her conversations, she found several themes when her patients discussed their regrets and she lists the 5 most common regrets in her article.

Smart on Money: Double Check Your Employer’s Retirement Plan – When you work for an employer, you might have access to benefits, including a retirement plan. Your company’s retirement plan — usually a 401(k) — can be a way to help you build your nest egg through the power of investing and compound interest. However, you want to double check to make sure that your employer’s retirement plan is what you want to be devoting your resources to.

Money Is the Root: Blog Income and Goals, 2012 #1 – Welcome to the 2012 blogging updates for Money Is The Root. Just as last year, I will provide weekly updates on my site statistics, blogging income, and intended goals for the short and long term. These posts will provide ongoing updates regarding my progress on my three blogs, and perhaps more in the near future, as well as achieving $30,000 in online income this year.

Money Talks Coaching: Top 6 Reasons I Hate Returning Holiday Presents – So how can you make the holiday present return process as painless as possible? Arm yourself with the stores return policy, and a smile.

Beating Broke: Suze Orman Releases Prepaid Credit Card. Wait, what? – Phil, from PT Money, blasted Suze for the card, on his site and on twitter. I can’t say that I entirely disagree with him. His problem with the card, and mine, is that prepaid cards should be a last resort for people who are unable to get a bank or Credit Union account that has a debit card attached to it.

So You Think You Can Save: Save Money On Seasonal Items – You can save big money if you wait until the end of season on items. Not everything works with this strategy and even some things can be hit or miss, but if you keep a list of things that you could apply this strategy to, you can save some big bucks.

Money Beagle: 7 Predictions For 2012 – Here’s a few predictions for the upcoming year.

THE Canadian Personal Finance Site: Make Your Hobby Pay – An ironic view of why cutting your spending is the losers way to get out of debt, just make mo’ money!

Free Ticket to Japan: Harajuku Girls: Fashion – As it relates to fashion in Japan, Harajuku girls are one of the most popular types of Japanese fashion icons, and are known throughout the world for their original costumes.

Miss Wallstreet: Happy New Year: Let’s Trade Forex – One of my goals this year is to double my trading account before December. This should not be hard to do but I will need to make sure that I plan my trades carefully. It is very easy to lose everything with just one trade.

The MoneyTrail Blog: How Much Control Should Kids have Over their own Money? – Letting your child make spending decisions can make some parents uneasy. However, kids need to become actively engaged with their money so that money management becomes a relevant part of their life.

MoneyGreenLife: How To Take Advantage Of Zero Percent Balance Transfer Credit Cards – Discover how to take advantage of 0% balance transfer credit card promotions to pay off your credit card debts faster without paying a single dime in interests.

American Debt Project: How to Reign in Impulsive Behavior – I used to be so impulsive and that’s what got me into so much debt in the first place. Now that I’m a little more rational, I shared a few thoughts on how you can change your attitude towards spending and accumulating stuff. I had fun writing this! Thanks for hosting!

Prairie Eco Thrifter: Is Travelling Overrated? – I’ve taken a few big trips over the years, and I don’t regret a single penny spent. But, not all of you should be focusing on traveling. In fact, for probably a majority of the people reading this, it’s a bad idea.

The Free Financial Advisor: Cheap Disney World Tickets? That’s Just The Start. – Stop searching for a cheap ticket to the land of the mouse. Even if you find one, it’s still expensive. Here’s how to find value at the Magic Kingdom.

Squirrelers: Sometimes we Have Rainys – Even With Money – Much like with the weather outside, financial rainy days will come. It’s unlikely they’ll be totally avoided for life. Therefore, it’s important to save for them.

Free Money Wisdom: 5 Things You Should Never Go Cheap On – Everyone’s life is different. These are just the 5 items that I happen to value and would never go too cheap on.

Budgeting in the Fun Stuff: Really!?! You Can’t Fix Stupid – In case you aren’t following along, this person would like to sell her current car, that is working great, to buy a newer model of the same car, so she can turn around and sell the newer car in 3 years for more than the current one would be worth at that time. She thinks that is the best deal for her and her money. Really?!

Passive Family Income: Take Advantage of Discounts for the Best Shopping Buys in January – The holiday spending spree is over, and retailers often are looking at much quieter times. However, retailers are anxious to get rid of winter gear to make way for spring clothing. They are also looking to clear their shelves of holiday items to make way for Valentine’s items. As the consumer, that means you can find many bargains, if you don’t follow the marketing trends. Here are some items you can find at a steep discount:

Bucksome Boomer: 6 Reasons Not to Have a Garage Sale – A garage sale isn’t the most productive way to get rid of your unused items, and you have other, better options to use to get your home organized.

Cash Flow Mantra: CFM Celebrates 100 Posts with a Cash Giveaway – I simply can’t thank everyone enough for their support over the past 7 months (and 100 posts!)! I especially am appreciated to all the members of the Yakezie Network who have made this all possible. These are the bloggers who have taken the time to come by, read my articles, and comment on a routine basis. I have started some good relationships and only expect them to grow in the months and years to come. Thank you!

krantcents: Budgeting is Easy! – Budgeting is easy because you start with the goal first.

Investor Junkie: 2011 WTF Fund Update – As of January 5th 2012 I am up 14.5% from my initial $10,000 investment, mostly because of owning Apple (AAPL).

The Millionaire Nurse: Football and Personal Finance-14 Corollaries – Financially speaking, it’s been a tough year, but then, every year can be. Need a ‘pat on the butt’ locker room pep talk? Get one here and then be ready to ‘get back in the game.’

Thriftability: Living on a Budget and Your Pet’s Last Day – Becoming aware of your pet’s condition can give you both the peace and insight to make such a decision – if it is right for the pet. It may not be: you might have a good treatment option available, or your pet might be best living out his or her final days. In other cases, putting your pet to sleep can put a peaceful and calming end to his or her life, and can be best.

Frugal Living: 5 Emergency Budget Cuts to Consider – We would all be better off if we forced ourselves to look honestly at our spending, our credit cards and our bank accounts, and identify the things that can be cut out easily and immediately. That will buy you more time if you do lose your job or take a cut in your income, and will help you stretch the money you have. Every family is different, but the list below will give you some ideas to start with.

RamblingFever Money: Comparing U.S. Budget to Household Budget – Ever wonder what the entire U.S. budget would look like if you used ratio’s and compared it to an average household budget in the U.S.? Featuring a short video by Dave Ramsey’s Great Recovery team, then some commentary by me, these numbers are really eye-opening!

The Frugal Toad: Finance for Dummies – BLS Consumer Expenditure Survey – If you are having difficulty paying your mortgage there are options available to avoid facing foreclosure.

The Happy Homeowner: Confessions of a PF Blogger: Homeless – If you’re low on motivation or feel stuck in your current financial situation, check out my Confessions of a PF Blogger series to see how I was able to completely overhaul my financial past, present, and future. If I can do it, anyone can!

Don’t Quit Your Day Job…: How Do You Define Savings? – My co-writer and I had a discussion about how to define ‘savings’ and what activities to include in a savings rate. Here’s what I wrote in response to the prompt.

TotallyMoney: Why I’m not detoxing this January – An article about the dangers of detoxing for January

PT Money Personal Finance: Suze Orman’s Pre-Paid Debit Card – The Approved Card – Discusses whether or not Orman’s pre-paid debit card is a good financial product for the middle class.

The Money Principle: The 10 steps between a vague idea and definite success – We all have ideas; if anything we all have too many ideas. But the difference between ‘normal’ people and highly successful people, financially and otherwise, is that the former are satisfied simply with having ideas; ‘extraordinary’ people go several steps further to bring these ideas to life. Ten steps further, to be precise! In this article I set out the 10 steps between an idea and turning it into a great success.

Family Money Values: Financial Tasks for the New Year – Around here, January through March are the dull months. The holidays are over, the weather is bad and there just aren’t that many exciting things to do. I use this time period to tackle some of those recurring financial tasks that need to be done each year.

Everything Finance Blog: Finding an Accountant if You Are a Blogger – As a blogger watching your blog grow and earning money is rewarding. However, once the blog grows beyond a hobby, you need to consider the tax implications. Hiring an accountant who understands the blogging world is essential.

Saving Advice: Money Lessons Learned from Birthday Parties – While throwing a big party is fine if it’s genuinely what everyone involved wants and can afford, the truth is that many parties are just a way to make a statement about wealth, class, or trendiness.

Barbara Friedberg Personal Finance: Reader Question; How to Choose Mutual Funds – Break down the complicated task of mutual fund selection into a few easy steps. By narrowing down your choices, it’s quite easy to create a diversified portfolio.

Odd Cents: How To Teach Children To Save Money – Setting good financial examples for your children to follow is one way to teach them about money.

BeatingTheIndex: NAL Energy to Underperform in 2012? – Even though NAL Energy currently yields 8%, here’s why capital gains might be hard to come by for this O&G producer in 2012.

HowToSaveMoney.ca: The Best Price Comparison Sites – Using price comparison websites is one of the easiest ways to save money when shopping online. They also come in handy when shopping offline because prices are usually identical for stores that have both an online and an offline presence

Watson Inc: Home Mortgage Leverage SUCKS! – An author recently lamented losing the leverage benefit of having a home mortgage; he paid off his mortgage in less than 2 years and regrets his decision. Let me provide you with a counter-perspective: home mortgage leverage sucks!

Free From Broke : How to Make Your Own Pre-Paid Debit Card – And Suze Orman’s Approved Card – A prepaid debit card allows you to put money on a card to make purchases but they tend to come with lots of fees. See how to make your own. Also check out Suze Orman’s new Approved Card.

Penny Pinching Professional: Writing a Resume – Your resume is an important part of finding a good job so you can make money. Do you know the most important information to include in your resume?

One Cent At A Time: 25 Everyday techniques to Save Environment – These are 25 pretty easy-to-follow ways to help our mother earth by saving the environment around us. Charity begins at home, you start today, your neighbor starts tomorrow and the whole city starts doing this by year end, how about that?

DollarVersity: Why Do People Cry About Every Single Fee & Price Hike? – All of the outrage and protests over nominal fees and price hikes are ridiculous. What happened to people raising their collective voice for REAL causes?

Well, that concludes the carnival this week. I hope you enjoyed it and are having a fantastic weekend. Cheers!


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