Carnival of Money Pros – August 18th Edition

by Hank Coleman

Welcome to the Carnival of Money Pros – August 18th Edition here on Money Q&A. Below are some of the best personal finance and money blog posts from around the web this week. I hope that you enjoy them!

Carnival of Money ProsDividend Growth Investor @ Dividend Growth Investor writes Should I buy dividend stocks now, or accumulate cash waiting for lower prices? – Given steep rise in many stocks in 2013, many investors are accumulating cash, hoping for a correction. They believe that they are better off waiting for better prices, rather than buy shares at or above the maximum prices they are willing to buy at.

Emily @ Evolving Personal Finance writes Setting a Reward for a Big Goal – I struggled to identify an appropriate, inexpensive reward for achieving a weight loss goal. How do you reward yourself without busting your budget?

Kurt @ Money Counselor writes Help in Battling Debt Collectors – If you’re overdue on debt, you’ve probably heard from a debt collector, which means you’ve probably been abused by a debt collector. The Consumer Financial Protection Bureau has released new tools to help you defend your rights.

Kevin Watts @ Graduating from Debt writes Practical Solutions to Student Loan Reform – A Look at Practical Solutions to Student Loan Reform

Michelle @ Diversified Finances writes Things People Say When I Tell Them I’m Making The Switch – Everyone knows that I’m making the switch. Big surprise, right? However, when I tell certain people that I am making the switch, I tend to get the crazy eyes. People usually think I am insane and/or don’t believe me.

Irfan @ Everything About Investment writes Financial Markets: Functions and Types – A Financial market is a market for creation and exchange of financial assets. Financial markets act as a forum to facilitate financial transactions through the creation, sale and transfer of financial securities. If you buy or sell financial assets, you will participate in financial markets in some way or the other.

GMM @ Grad Money Matters writes Are you worried about your freelancing going downhill? – Freelancing. Oh freelancing! Working for yourself can be exhilarating, but also terrifying at the same time. When freelancing, that means everything relies on you. No one wants to venture out on their own and then for something to happen and everything go downhill. You want to be prepared. Once you work for yourself, it’s hard to go back to working for someone else.

Alexis @ FITnancials writes Turn Your Passions into Profits – Some people warn you not to mix your passions and your employment. For some reason, they think that you’ll suddenly enjoy your hobby much less if it turns into your sole source of income.

Michelle @ Making Sense of Cents writes $11,117 in July Extra Income – In July, I made $12,942 in extra income, before expenses. It is crazy to think that just last July, I made $1,425 in extra income. What a difference one year makes! I never even thought that I would be anywhere near this amount. I always thought that other freelancers who posted their income were just “lucky.”

Alexa @ Single Moms Income writes 10 Legitimate Places Single Moms Can Apply for Scholarships – Have you ever done an internet search for scholarships for single moms? If so, then you probably got so sick and tired of weeding through spam that you eventually gave up. This post takes the guess work out and provides you with legitimate places to apply for scholarships.

Michael Kitces @ Nerd’s Eye View writes Long Term Savings, Relying On Returns, And Retirement Date Risk – The benefit of starting saving young is that saving small amounts for a very long time can accumulate significant wealth. The less understood caveat to the strategy, though, is that relying so heavily on compounding returns can leave you greatly exposed to “retirement date risk” – the danger that with a small deviation in returns near retirement, your retirement plans can be badly sidetracked!

Michael @ The Student Loan Sherpa writes How am I ever going to retire with all these student loans? – If you are sitting on a bunch of debt retirement seems like a far away dream, but if you are smart about your spending and where you put your money, you can make your debt disappear AND still have a shot at comfortable retirement.

Thomas @ Finance Inspired writes Be Your Own Boss – But Beware – Want to be self employed? Read this first!

John @ Wild About Finance writes Bad Credit To Consider when Going to Uni? – Do you have kids going to uni, but have trouble with a bad credit rating? Read this…

John @ Cough Up The Dough writes Ways to Save Money at the Supermarkets – Here are some excellent ways to save money at UK supermarkets

Thomas @ Mr. Moneyvator writes Payday Loans in the UK – Read all about the still growing trend of payday loans in the UK…

Simon @ Chance with Finance writes Benefits of Real Estate Investment – Thinking about investing in Real Estate? Here’s a great read first

Thomas @ JourneyScout writes Seven Wonders Of The World – Are you budgeting for a trip to see the Seven Wonders? Here’s what they really are…

Brent @ PersonalFinance-Tips writes Organizing and Packing Tips for Easy Relocation – A house move comes with a bundle of mixed feelings. On one hand you are super excited about the new house, the new location etc. but on the other hand there is the monster of the move scaring you.

Corey @ 20s Finances writes How to Successfully Switch Careers – Find out how to switch careers and go forwards instead of backwards. Doing something you enjoy doesn’t mean taking a pay cut.

JC @ Passive-Income-Pursuit writes Dr. Pepper Snapple Group (DPS) Dividend Stock Analysis – I look at the investment merits of Dr. Pepper Snapple Group. I like the company and the products but now might not be the best time to invest your hard-earned money there.

ETZ25 @ Entertainment Timez writes AIG Delivered, But Where Is Everybody? – AIG delivered, but still there aren’t many investors in the stock, at least not non-institutional investors (us home investors). Is this a mistake given the facts?

Wayne @ Young Family Finance writes Powering Down: Ways to Save Money on Utilities – Simple changes in your use of electricity and water can save you money. It’s not hard! Read here for tips on saving money through utilities.

Mike @ Annuity Rates HQ writes Are Annuities Scam? 6 Flaws of Annuities You Must Read About – Are annuities scam? I don’t think there is a need to become paranoiac about annuities, they are not a scam. But annuities are definitely very complex product to deal with. However, it doesn’t mean that annuities don’t have flaws.

Minimalist @ Minimalist Finance writes Instilling Financial Responsibility In Your Teenager – Instilling Financial Responsibility In Your Teenager has been published on Minimalist FinanceTeenagers can be difficult students. Most teens would rather be out with their friends or playing their favorite sport than learning about money and money management.

Crystal @ Budgeting in the Fun Stuff writes Thrift Store Challenge Update – I Bought ALL of the Clothes… – Back in May, I started my own challenge. I decided that I would only buy clothing from second-hand stores like Goodwill and resale shops until June 2014.

Mrs. Accountability @ Out of Debt Again writes 4 Tips to Stay Organized – Summer organizing, anyone? I am amazed at how having an organized living space saves time, allowing me to focus on the important things in my life.

Chuck @ The Tortoise Banker writes Setting Up a Budget: For New Couples – The greatest benefit of budgeting as a couple is that you and your partner will have a good understanding of your income and expenses. Together as a team you can set future financial goals and create a plan to achieve those goals. Those goals might include paying off debt, saving for a house, or building an emergency or slush fund. This post will provide a great foundation for you.

Hank @ Money Q&A writes Financial Lessons We Can All Learn From Playing Candy Crush Saga – There are a lot of financial lessons that can be learned from playing Candy Crush Saga if you stop and think about it. There are key take aways that you can find that correlates with our finances.

Amanda L Grossman @ Frugal Confessions writes Making the Jump to Self-Employment – This post was written by freelance writer and blogger Mike Collins. You can read about Mike’s quest to build new streams of income so he can quit his job and work from home full-time at EludeTheCube.c

Harry Campbell @ Your PF Pro writes What Is The Easiest Job You’ve Ever Had? – Even from a young age, I’ve been hustling to find the easiest jobs that would pay me the most. When I was a kid, my neighbor and I would steal lemons from another neighbor’s tree and sugar from his parents to set up a lemonade stand on the corner. I’ll be honest, the money wasn’t great, but since my parents didn’t give me an allowance, it was the only way we could make money so we could buy candy at the liquor store

Lauren @ L Bee and the Money Tree writes Blow Money is a Non-Negotiable – I find that a small amount of blow money is essential to debt payoff success.

Harry Campbell @ My Financial Road writes My Savings Problem – Recently, I read “The Automatic Millionaire” by David Bach and it dawned on me that I although I have been paying myself, I haven’t been paying myself FIRST. I was simply going through the motions of going to work, paying my bills and saving whatever was leftover at the end of the month. This led to me not saving so much since I would spend a little more on groceries or go buy see a movie or something and there wasn’t much left to save.

Cat Alford @ Budget Blonde writes Tips for Getting Your First Credit Card – If you’ve never had a credit card before, here are tips for getting your first credit card. They can actually be a great financial tool if used wisely!

Mike @ Personal Finance Journey writes 5 Tips on Borrowing Money from Friends – 5 relatively easy ways to Borrow Money from Friends and still keep the friendship solid and avoid all the drama.

Ray @ Squirrelers writes 5 Reasons Why Having a Good Credit Score is Important – We all know that we should try to have good credit, but do we really know why? This post shares 5 reasons.

Tushar @ Earn More and Save writes Heading to College? 5 Ways To Avoid Student Loan Debt – The post Heading to College? 5 Ways To Avoid Student Loan Debt appeared first on Earn More And Save.Going to college and getting a degree is no longer the American Dream – it’s the norm. With so much competition in today’s job market a college degree is almost necessary. However, many would be students are hesitant about taking out loans to fund their education.

Maria @ The Money Principle writes From retirement to life design – Focusing on employment, pensions and retirement may not be the things to focus on. Here I suggest that we should re-focus on work, income and life style design.

Jon Haver @ Pay My Student Loans writes How to pick a college to minimize your debt burden – When it comes to choosing a university, we all want to make the best decision in regarding our bottom dollar. The best thing about attending school in this day and age is the large variety of options that are available. Our topic today is finding ways to pick colleges that help minimize your debt burden.

krantcents @ KrantCents writes Things you must do to succeed at real estate investing – Things you must do to succeed at real estate investing

John @ Ourinsurancecanada.com writes 4 Reasons Your Auto Insurance Premiums Went Up – You get a letter in the mail from your auto insurance company. You open it up hoping it is a bonus check for good driving or something along the lines. You get all excited only to find out they are telling you your premiums went up. It could leave you puzzled as to why that would happen.

Ted Jenkin @ Your Smart Money Moves writes 4 Money Tips For The Dog Days Of Summer – This is the rainiest summer season I’ve experienced since I moved to the state of Georgia.

Brock Kernin @ CleverDude writes 5 Ways To Relieve the Budget Pinch of Buying School Supplies – School supplies can add up, here’s some ways to help provide some pressure on your budget AND get the kids ready for school!

Suba @ Broke Professionals writes The Rising Price of Child Care – From school tuition to medical bills and everything in between, paying for kids-related expenses is growing as fast as my children themselves!

Robert @ The College Investor writes Great Reads from Around the Web – August 2013 – I had a bunch of content in the queue that I was able to drop in, and our amazing staff writers are continuing to deliver excellent content. But the morale of the story is, I’ve been able to catch up on some reading at 2am while trying to burp and feed a a baby. So here are some posts I urge you to check out:

Robert @ Entrepreneurship Life writes The Best Cloud-Based Online Accounting Software – Over the past couple of years, I’ve moved a lot of my traditional “software” based tasks to the cloud. You can read about it here: I Started Moving My Finances and Business To The Cloud. There are so many great tools that I have been able to take advantage of, including Google Docs and Google Apps email.

Penny Thots @ Penny Thots writes Need a Deck? Snap It Yourself – A deck can last for years, and with a simple kit, you can snap it together yourself!

Grand Per Month @ Grand Per Month writes Delay Your Gratification and Grow Rich – Before today is over, write out your long-term goal and develop a plan for how you’re going to achieve it. Once it’s down on paper, make a commitment not to spend any money beyond what is truly necessary. If you’re unsure when faced with a purchase, just ask yourself, “Will this purchase lead me closer or take me farther away from my goal?” The answer should then be clear.

Robert @ Beat The 9 to 5 writes My Monthly Income Stream Report – July 2013 – July was such a busy month for me, both professionally and personally. I was featured in a great podcast interview over at Side Hustle Nation, and I also landed an amazing interview over at The College Investor with Neil Patel from Quicksprout. Both of those events were pretty amazing, but nothing could top the birth of my first child. Just look at him – I can’t stop looking at him! Just look at that face – I know he’s going to be trouble, but who cares!

Robert @ Cult Of Money writes Sweet Ass Savings: A Few Ways You Can Be More Frugal – Keeping up with Cult tradition, I thought it was high time for my sweet-ass post. And, I could think of nothing more awesome than the sweet ass savings from living a frugal lifestyle. Without further ado here are a few ways you can score some sweet ass savings by being a little more frugal!

Little House @ Little House in the Valley writes An Easy Tip to Retire with 30% More – It wasn’t until I reached my mid-twenties that I realized that dollars stash into retirement accounts in the early part of your career are FAR MORE valuable than dollars invested later in life.

Kathleen O’Malley @ Frugal Portland writes Wantable: Is it Worthwhile? – Wantable has a very fun premise. You fill out a survey and they send you the items they think you want based on those results.

Tushar @ Start Investing Money writes 3 Reasons to Be Careful if You Get Financial Advice Online – This Post was Originally published at 3 Reasons to Be Careful if You Get Financial Advice Online on Start Investing MoneyThe internet has changed our lives in lots of different ways. If we have a question we need an answer to, it is easy to hop online and find the information we want. Except of course, we cannot always be sure we’re getting the best information.

FI Pilgrim @ FI Journey writes Build A Better Budget Part 1 – The Mindset – It pays dividends to think through the process of creating a budget before you get started. What’s the purpose? What does it consist of?

Barbara Friedberg @ Barbara Friedberg Personal Finance writes How To Afford Exotic Travel – Build wealth, spend wisely, save aggressively and savor life. Machu Picchu, a vacation of a lifetime.

Holly Johnson @ Club Thrifty writes Operation Frugality: Save Money by Eating Old Food – Do you want to save money by eating food that you already have? If so, please join OPERATION FRUGALITY: SAVE MONEY BY EATING OLD FOOD. It’ll be awesome!

Monica Iannacone @ Monica On Money writes $25 August Giveaway and Goals! – Now that it’€™s August, it’s time to think about my financial goals for the month. Here are my top 3 goals for August.

Roger Wohlner @ The Chicago Financial Planner writes 5 Essential Financial Planning Steps for Your 30s and 40s – Financial readiness does not just happen it takes planning and preparation. Here are 5 essential financial planning steps for those of you in your 30s and 40s to help you reach your retirement goals and more importantly to help you achieve financial independence.

Nathan @ AsknWhy writes How to Avoid Business Pitfalls – Usually, amateur business entrepreneurs both online and in the actual world miss this a thousand times.

Buck Inspire @ Buck Inspire writes Ellen Degeneres Returns To Host The Oscars – If you’re a fan of Ellen, you’re in luck. She’s returning to host the Oscars next year!

SBB @ Simple Budget Blog writes For College Students: Budgeting Your Daily Expenses – Heading to school? Great! Keep in mind how important budgets are. Read for the tips needed for college students to budget their daily expenses.

Evan @ My Journey To Millions writes It is Amazing How Local Personal Finance Can Be – Most people discuss personal finance rules in absolute terms. I hate it! I truly believe there are almost NO SET PERSONAL FINANCE RULES.

Jacob @ AllPersonalFinance writes Will you be renting short term, long term or forever? – With the housing market as challenging as it is right now, a lot of people are struggling to save enough money for a deposit on a first home and we’re seeing a lot of people renting for much longer than they might have in the past. Some recent research from Barclays on whether people see …r

Crystal @ Married (with Debt) writes Introducing MikeS – Married with Debt – Please meet our new staff writer, MikeS, who is married with debt too.

Tushar @ Finance TUBE writes Two New Places To Sell Your “Stuff” – So you got to host full of stuff and you can use some extra money. You are probably aware of the traditional ways to sell your items places like in the paper and other areas, have a garage sell, list on Craig list or on ebay.

CAPI @ Creating a Passive Income writes The Experience Problem: Applying for Jobs Without Experience – In this economy, it is hard to find jobs. It is even harder if you do not have any work experience on your resume. Read here for tips on how to do this!

Eva Baker @ TeensGotCents writes How To Get A Part Time Job – REI – An interview with Ken Bevill of REI. Ken and I discuss the specifics of getting a part time job at REI for teenagers – what to do and what to avoid.

MR @ Money Reasons writes How Much Money Is a Lot of Money? – Money has changed meaning to me as I grow older. Read some of my funny history around how I viewed money, and what a lot of money is to me today.

Tushar Mathur @ Everything Finance writes How to make your gaming budget go further – These days it’s very difficult to stretch your budget, and even when you set a limit it is often hard to ensure you don’t exceed it and incur debt.

MMD @ My Money Design writes Niche Website Update 8 – NS2 on the First Page Search Results Already! – I’ve got some terrific news: My new niche website (NS2) is currently ranking on the first page of Google at #4 for my main target keyword! Here I’ll share my complete run down for how I got there.

MMD @ IRA vs 401k Central writes What Are My 401k Investment Options and Choices? – When you receive that packet with all the different 401k investment options to choose from, what does it all mean? This post will help you figure that all out.

DW @ Great Passive Income Ideas writes Great Extra Income Opportunities Using The Internet – You don’t need a second job. There are lots of extra income opportunities that can easily be done with nothing more than the touch of a computer. Here are a few to try.

Mr FD @ Financial Debauchery writes Poor Customer Service Skills = Why I Hate Blockbuster – If you think that poor customer service skills aren’t likely to drive a patron to absolutely despise a store and every location it has, then think again.

Christopher @ This That and The MBA writes Do I Need Credit Counseling? – Often that is one of the worst questions that you can ask yourself, but be advised you are not alone. In fact some people have made careers out of helping others in credit card debt and credit card default.

Matt Becker @ Mom and Dad Money writes The Mythical $12,000 Baby – The reports out there say it costs $12,000 in the first year of raising a child. When making your own decisions, it’s important to remember that that number is just an average. It doesn’t reflect your personal situation or your ability to make different choices. Let’s look at some of the ways you can be different.

Lindy @ Minting Nickels writes Thinking of Quitting Your Job? Don’t Forget to Consider These Perks You’ll Leave Behind – After I completed graduate school, I was lucky to land a tenure track teaching position.

Don @ MoneySmartGuides writes 5 Ways to Save Money On Your New Baby – The birth of the royal baby, the first child of Duke and Duchess of Cambridge and the third in line to the British throne, is a magnificent way to feel the joy and happiness that your own little royal will

IMB @ Investing Money writes Gold-The Long View – Since its spectacular rise from its 2002 lows, gold has captured the imagination of investors worldwide. Read here for information on the long view of gold.

Debt Guru @ Debt Free Blog writes How To Stop Telemarketing and Debt Collection Calls – I don’t think there is anything worse than those annoying debt collection and/or telemarketing calls in the middle of dinner. Telemarketers have products and services to sell but they tend to be a pest when calling several times a day and at all the wrong times. If you are tired of these nuisances this article will guide you through ways to stop telemarketer calls.

Luke @ Learn Bonds writes The Corporate Bond Market: Often Misunderstood and Underappreciated – The first part in a multipart series on the corporate bond market. What you need to know to start investing in corporate bonds today.

Daisy @ Suburban Finance writes How to Improve Your Credit Score – So you are looking to buy your first home or maybe even finance a new car and you are worried about your credit. Although raising your credit score is never a quick and easy task, there are various immediate actions that you can implement today in order to start the process towards raising your credit …r

Lazy Man @ Lazy Man and Money writes RainSoft Scam? – RainSoft’s product does appear to work, but the price is so excessively high that they can give people a $1000 discount and offer $2700 in free soap (hint, that’s the retail price, not the price you would probably pay for it)… and even then it still seems high. Is that a scam? Given their sales tactics (claiming it will save me thousands when it won’t), I’m leaning towards yes, but you are free to make your own decisions.

Prairie Eco Thrifter @ Prairie Eco Thrifter writes So You’ve Maxed Out Your Emergency Fund – Now What? – Once you’ve reached your goal and have a nice, healthy emergency fund in your bank, what do you do next? Spend all of your extra cash frivolously? Keep contributing to your emergency fund as if you don’t have a limit? Here are some suggestions on what your savings focuses can be after you’ve met your goal:

Kyle @ The Penny Hoarder writes Think You Can’t Afford a Smart Phone? – Smart phones are everywhere. You might look at your friend’s smart phones with envy and wish that you, too, could get one. You may think a smart phone is out of your financial reach, but you may be surprised.

Roger @ The Amateur Financier writes Net Worth Update: August 2013 – An update, sharing my net worth as of the start of August 2013, discussing how my technical difficulties have complicated things this past month.

Dividend Growth Investor @ Dividend Growth Investor writes Why Investors Should Look Beyond Typical Dividend Growth Screens – I would still advise income investors to get their hands dirty with as much information as possible, before eliminating an idea from their list for further research due to a low streak of consecutive dividend increases.

Miranda Marquit @ ReadyForZero Blog writes 3 Signs You’re Not Ready for a Mortgage – Are you dreaming of owning a home, but don’t know if your finances are caught up to the dream? This post will help you determine if you’re ready for a mortgage.

Ryan @ Cash Money Life writes Are You Really Work from Home Material? – Do you have what it takes to work from home? Many people love the idea of working from home, but find that it is more difficult than they ever imagined.

Pauline @ Make Money Your Way writes Make money with your garden – Here are a few ways you can make money with your garden, by selling your plants, produce or canned goods.

Pauline @ Reach Financial Independence writes Building Wealth While Building Muscle – This post compares wealth and muscle building in an attempt to get progressively better and reach your health and financial goals.

Bargain Babe @ BargainBabe.com writes Back to School Deals – Back to School deals for the 2013 school season are happening! Even if you do not have kids in school, this is the best time of year to stock up your home office or craft…

Bryan @ Gajizmo.com writes Famous Quotes By Famous People – Whether we are trying to improve our lives personally or professionally, we all sometimes need famous inspirational quotes to help us power through the challenge in life. Whether it is life, death, success, failure or money, famous quotes by famous people can provide insight into how to better our lives. Here is a list of the 150 best famous quotes that will inspire and motivate you to achieve.

Mr. Frenzy @ Frenzied Finances writes Consumer Tips: How to Score Deals While Shopping – Looking for some nice deals while you shop? There are always great options available – just be on the look-out. Here are some consumer tips!

John S @ Frugal Rules writes When Should You Start Saving for Retirement? – Saving for retirement can be challenging for many. There are many excuses to use from not having enough money to it being too far away. However, by starting to save for retirement earlier rather than later, regardless of the amount, you put yourself in the best position possible.

Mr.CBB @ Canadian Budget Binder writes Budgeting Tips For Low Income Families – A budget does not discriminate so no matter what your income is you can use a budget to account for your personal finances.

Mr. Utopia @ Personal Finance Utopia writes Job Burnout is Brutal – Job burnout is a disheartening ordeal. How do I know? I’m burned beyond a crisp right now! Read why I have job burnout and see what I’m doing about it.

Jon @ Novel Investor writes Best Mutual Fund Screener Online – The best mutual fund screener will help you filter through the tens of thousands of mutual and index funds so you can build a solid portfolio.

Jefferson @ See Debt Run writes Budgeting Challenges : The Variable Categories – Budgeting can be tricky business, especially when trying to estimate variable expenses (food, gasoline, entertainment). This article discusses how to approach creating a budget.

Jacob @ My Personal Finance Journey @ My Personal Finance Journey writes How A “Fixer-Upper” House Can Turn Into A Nightmare – One of the very best ways to get a real estate deal on a new home is by buying a “fixer upper”. However, this type of house can turn into a nightmare. This post highlights some of those nightmares, as well as suggestions on how to avoid them.

Joshua @ Modest Money writes How To Get More Bang For Your Swipe – It seems like credit card rewards have been popular from the day they were created and, continue to gain in popularity every day! However, to get the most bang for your swipe, you’re going to have to use tact when you use your card.

The Carnival of Money Pros is brought to you to by the Money Pros Team, and you can submit articles at Blogger Carnivals

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and is currently pursuing his Certified Financial Planner credentials. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 535 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


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