Carnival of Personal Finance- Miami Edition

Part of the perks of being location independent (mostly) and having amazing clients that I work is that I sometimes have the ability to leave for Miami last minute, and spend a week or so sitting by the water and getting work done. I find myself in that spot this morning as I put together this carnival.

Too bad FinCon12 isn’t in Miami this year because I think that the PF community would have one hell of a time on the beach.

Anyhoo, on to the carnival:

 Editor’s picks!

  • I used to work in a pizza store when I was 15, so I completely agree with Squeezer’ post “My previous job as a pizza delivery guy”. Pizza store culture takes some getting used to, but its amazing to see the bonds you create when you work till 3 am and have to deal with the after bar crew. But I digress.
  • If travelling was considered a vice, than it would be mine. I love love love traveling, but that may something to do with the fact that my parents travelled a lot when we were younger, and it created a need in us. Well Heeled Blog has a different approach asking Is Travel the New Way to Keep Up With the Joneses?, and says, “Can travel become another form of consumption? Another way to “keep up with the Joneses”?”
  • I had a nightmare Groupon experience a while so I know what Amanda from My Dollar Plan is talking about. She presents 3 Social Buying Experiences Gone Wrong, and says, “There are some great things about social buying sites but there are also some things to beware of.”
  • I have 2 younger sisters and a younger brother, and while they are amazing, well behaved, responsible kids/adults, they do ask for money once in a while. Its hard to say no to your baby sister, you know? Miss T. from Prairie Eco Thrifter’ post How to Say No When a Sibling Asks for Money, is perfectly timed.



Jim from Bargaineering presents VRBO Review, and says, “If you’re going on vacation with friends, consider a vacation rental rather than a hotel.”

Mike from Experiglot presents Saving a Business Instead of Starting One, and says, “Why you should save a business instead of focusing your energy on starting one.”

Green Panda from Green Panda Treehouse presents Should You Work Long Hours For Someone Else?, and says, “Is it better to work on your own projects or to devote those hours to someone else?”

Mike from The Financial Blogger presents Start Making Money By The End of the Month, and says, “How to increase your income right now.”

Nicole from Nicole and Maggie: Grumpy Rumblings presents Why academics don’t have Lazear contracts, and says, “Does face time equal productivity? Nicole and Maggie talk about work productivity and face-time and the importance of how to measure outputs on the job in determining how employers monitor work.”


Squeezer from Personal Finance Success presents The psychology of paying off debt, and says, “Paying off debt requires motivation, hard work, and determination. ”


Ray from Squirrelers presents Fewer Millionaires in the U.S. – Does this Surprise You, and What Does it Mean?, and says, “Recent news indicates that there are fewer millionaires in the U.S versus the prior year. Does this surprise you, or does it make sense that it’s getting tougher to get ahead? ”

John from Wallet Blog presents Why You Should Think Twice Before Hitting a Toll Road in a Rental Car, and says, “One would think you would have to go through the Phantom Toll Booth to pay a phantom toll fee. Sadly, that is not the case, and the unsuspecting consumer is getting hit with unreasonable toll charges when driving a rental vehicle. Are these costs avoidable?

Money Management

Roshawn Watson from Watson Inc presents Trickle-Down Consumption: Do The Rich Cause The Non-Rich To Overspend?, and says, “Perhaps no one possesses more of the best than the wealthiest among us, so does their spending induce malcontent and drive Americans to overspend?”

Mike from Do Not Wait presents Save For Your Retirement or College For Your Kids?, and says, “What’s the stronger option? Retirement or college for the kids?”

Eric from Narrow Bridge Finance presents June 2012 Earnings and Net Worth Update, and says, “This month, my new cash flow strategy was fully working for the first time. I saw more money going into my Roth IRA than ever before and bumped up my mortgage payment as well. Here is how the cookie crumbled for the month.”

Joe from Personal Finance By The Book presents 5 Ways To Save on Parking Costs, and says, “Parking costs are yet another example of our paychecks going down and prices going up. The average consumer can’t seem to win in this post 2008 economy and it seems to hit us in every area of our life – especially in transportation. You’re paying around $4 per gallon to drive your car but possibly more than that to park it. . . ”

Bob from Christian Personal Finance presents 8 Bad Financial Habits To Break Today, and says, “Habits are an enigma. We work hard to develop good ones, but the not so good habits sneak into our lives unannounced. The challenge is to eradicate the bad habits by developing good ones. Yes, it requires diligence on our part, but the results are worth the effort. Here are some financial habits you should break today.”

Peter from Bible Money Matters presents How Big Should a Car Down Payment Be?, and says, “At our house, we’re at a point financially where the only down payment we’ll consider on a car is a 100% down payment. While that may sound a bit crazy, it’s actually not as hard as you might think.”

TTMK from Tie the Money Knot presents Money Fights Couples Have, and says, “Money is a great thing, but it can also be a cause of stress in relationships. This post opens discussion on 5 money fights that couples tend to have. ”

I wouldn’t be a sports fan if I didn’t include the part about Miami Heat winning the Conference championships this weekend. I am rather sad about that.


Eric J. Nisall from DollarVersity presents Need Some Summer Savings? Talk To Your Power Company, and says, “When summer comes along, energy bills tend go increase dramatically. Take a look into programs like there for some relief from the summertime (bill) blues.”

Jefferson from See Debt Run presents Worrying About Paying For College, and says, “With kids, saving money for college is very important. We discuss the true cost of a college education, 529 plans, scholarships, and student loans,”

Adam Hagerman from Walking To Wealth presents Save a Little Now, Not a Ton Later, and says, “When people ask me what my first piece of advice would be regarding personal finance, I always say “spend less than you earn”. However, I always have to add in a second piece of advice on compound interest. If people understood the power of compound interest, I can guarantee you that they would be saving more earlier on in life. ”


Elizabeth from Women’s Money Week presents Check Your Tax Withholdings with a Withholding Calculator, and says, “It’s halfway through the year – here’s why and how to check your tax withholdings with the IRS’s tax withholding calculator.”


Justin from The Family Finances presents It’s Never Too Early To Teach Children About Money, and says, “The more we teach our children about money, the more prepared they’ll be when they get to be adults.”

Matt Bell from Sound Mind Investing presents The Single Most Powerful Personal Finance Tool, and says, “An ode to the most misunderstood, maligned, hated personal finance tool on the planet – which also happens to be the most powerful.”


CCS from Credit Card Smarts presents Savvy Credit Card Use: Track Your Spending, and says, “A big key to using your credit card wisely is tracking your credit card spending. Se how you can do this any why you need to.”

Glen Craig from Free From Broke presents Victim of Identity Theft? Here Are Your Next Steps to Protect Yourself, and says, “Once you get over the shock in being a victim of identity theft you have some steps you need to take. See what they are so you can make sure your credit is protected.”

Bret from Hope to Prosper presents 3rd Anniversary of the Credit CARD Act, and says, “Last week quietly marked the 3rd anniversary of the passage of the Credit CARD Act of 2009. This law reformed the credit card industry and prohibited most unfair practices.”

Martin from Studenomics presents A Possible Student Credit Card Solution That Will Never Get Off The Ground, and says, “My solution to prevent student credit card debt.”

Pierre from Intelligent Speculator presents How Important Is Stability When Selecting Dividend Stocks?, and says, “What matters to you when selecting dividend stocks?”


Div Guy from The Dividend Guy Blog presents 11 Surging Dividend Stocks That May Continue Their Ride, and says, “Stocks to have your eye on.”

Dave from 6400 Personal Finance presents You’re Not As Smart As You Think You Are, and says, “Major corrections or rallies in the stock market always get retail investors nervous. They find themselves uncomfortable because they don’t want to miss the perfect moment to buy at the bottom or sell at the very peak. In the long run this is a waste of time, effort, and very likely money as well. I remind retail investors to keep their goals in mind and to play to their strengths, not their weaknesses.”

Karl Marrion from WiseStockBuyer presents Why Investing at a Young Age is a Good Idea, and says, “Investing at a young age gives you more time to compound your returns, giving you a bigger nestegg for retirement.”

Chris Holdheide from Stumble Forward presents When Should You Start Saving For Retirement?, and says, “Learn why saving money for your retirement right now is so important to the well being of your golden years. ”

J.P. from Novel Investor presents SIPC Insurance Coverage: How It Protects Investors, and says, “The SIPC insurance coverage is there to protects investors when their brokerage firm fails, assuming the broker is a SIPC member.”

Jeff Rose from Good Financial Cents presents Best Short Term Investments For Your Money Right Now, and says, “In such an unstable market, short term investing may be a safer alternative for investors. Short term investing allows investors to invest their money with little or no risk, while knowing their money is not going to be tied up for long periods of time.”

Dividend Growth Investor from Dividend Growth Investor presents The Most Successful Dividend Investors of all time, and says, “I did some research and uncovered several successful dividend investors, whose stories provide reassurance that the traits of successful dividend investing are indeed accurate. This goes to show that buy and hold investing in a diversified dividend portfolio that compounds for several decades can generate a sufficient income stream that would allow the investor to reach financial independence.”


Barbara Friedberg from BARBARA FRIEDBERG PERSONAL FINANCE presents WHAT IS AN EMERGENCY FUND, and says, “Learn the basics of the emergency fund. What is it, why do you need one, and how it can increase your well being. Honest, there’s research that supports it!”

FMF from Free Money Finance presents 30 Steps to Great Finances: Steps 12, 13, and 14, and says, “Today we are going to continue our series of the 30 steps anyone can take to have great finances. Last time we discussed ideas for making extra income. Today we will offer an additional idea for putting more money in your pocket. ”

Miranda from Wallet Hub Blog presents Funding Your Small Business, and says, “Finding money for a small business can be difficult right now, with the economy struggling, and many banks reluctant to take a chance on small businesses. If you are looking for sources of income for your small business, here’s where to start”


Boomer from Boomer & Echo presents Why Do Certain World Events Spark Totally Irrational Behaviour?, and says, “I fail to see why some people perceive that certain world events would possibly put them into financial danger with no hope for the future.”

Real Estate

Philip from PT Money Personal Finance presents Tips for Successfully Closing on a House, and says, “I share some tips that I learned from recently closing on another home for our family.”


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