TotallyMoney Blog Carnival #59 – Putting the PERSONAL back into finance
For us lads here at Sterling Effort we like understanding a subject fully before throwing ourselves into it head-first. So when we signed up to host the 59th Totally Money blog carnival, naturally we spent 3 months in Rio de Janeiro studying the etymology of the word Carnival.
After concluding that it has something to do with meat and/or cars depending on who you speak to, we decided to stop clowning around, get back to the UK and publish some great articles from the past week from various personal finance blogs for your viewing pleasure.
On a serious note however, we have been a little disconnected from the blogging scene, so taking the time to read the 100 or so blog submissions we received for this week’s carnival has been thoroughly enjoyable. We have had so many great article submissions it has been hard to pick and choose, but below are the posts which we thought simply had to make the cut.
When writing about personal finance, it can be easy to get bogged down with technical definitions and preachy nonsense. We believe it’s important to remain entertaining instead of just regurgitating facts and ideas. With that in mind, this week’s theme is “putting the personal back into personal finance”.
- This first article is a perfect example of what we’re talking about. Jefferson at See Debt Run presents his personal story about what he did when he found out his co-workers were making more than him. Interesting story that you can use to apply to your own life. Personal finance writing at its best, in our opinion.
- Jason over at Work Save Live rightly points out that Money Won’t Make You Happy…But It Will Buy You Stuff! We like stuff. Stuff is great. So this get’s the thumbs up from us. Jason discusses goals, priorities and success as well as what they mean in the context of his own life.
- The global economy is showing signs of recovery. Justin at Money Is the Root reflects on when this wasn’t the case. In particular, he discusses his story about how he survived being laid off.
- Dividend Ninja writes about how he’s building a dividend and bond based income portfolio. I can’t even begin to explain how much I believe in this kind of strategy so instead I’ll just tell you to get your ass over to his site and get reading now!
- A post submission from Dave hilton at Debt Black Hole looks at financial problems within his family and discusses the issues that can arise when trying to help out family members get out of sticky situations.
Saving / Frugality
Karl over at Cult of Money looks at logo design contests and how not to make them suck. We wish he’d written this post one month ago so that ours didn’t suck. Which it totally did.
Excellent thought provoking post here and well worth a read, this article written over at Passive Income to Retire looks at location independence - something I cannot get with my job but would desperately love to have.
Aloysa from My Broken Coin offers some interesting insights into how much money you can make in domestic jobs. It turns out some jobs pay more than you think. If I liked people, like, at all, I might actually do one of these jobs.
Karen at Help me to Save explains why you should always carry at least 2 bank cards. No, not because she’s Scottish and one of the cards is used for breaking into places! I joke. Check out her article for this very useful tip!
Melissa from Moms Plans made me feel sick (in an informative way) with her post on the current issue with certain types of red meat and why eating healthy is a worthy expense. I think you’ll agree after reading this.
Jeffrey from Saving Advice writes about the Lessons we all learned from board games. I was actually going to write about this. Now I don’t have to as Jeffrey’s taken care of it. Just as well, as clearly my writing is not good enough anyway. Thanks Jay.
Shaun from Smart Family Finance has written an article which looks at when you should be renting instead of buying property. Ash also wrote a similar post which isn’t as good.
Ash found this article over at Simple Finance Blog. It talks about costly mistakes people often make when buying a home for the first time. It’s good and you should read it. Unless you have a house already then, well, too late.
This article from Money Reasons looks at the theory of giving businesses a tax break on the first to years of it’s life. Great idea, now I can make a new business every 2 years and never pay tax again! . Seriously though it’s a nice idea and you should take a look!
Darwin writes about a really cool equation that is used to calculate the rate of return on an investment. I don’t often say that equations are cool. OK, that’s a lie; I love maths, but that’s not the point. This really is a useful calculation that can give you access to information you can answer questions you never thought you could answer.
Justin, who owns every PF website in the known universe, writes about ways to help your business survive in a tough economy. Kudos to Justin for cranking out the top quality content and being included in the same carnival twice Actually, I think this was written by someone called Evan. Way to go for ruining what I just wrote, Evan. And nice work on the article!
Matt from Living in Financial Excellence explains how those of
us you with debt already have a date at which we you will become become debt free. The only reason anyone stays in debt is because they are stupid. At least, that’s the way I understood the article. Read it yourself to find out why people allow themselves to remain enslaved to debt.
If you’ve read a couple of posts on here written by Jay, you know how he loves his goals even if he does fail to meet them from time to time. Maybe he should read this post published on Krantcents talking about meeting goals using certain keys to success.
MBAs can be an expensive way of furthering your education. Jeffrey from Money Spruce looks into Personal MBAs and if they are as good as the real thing.
Ashley asks How Has Your Childhood Affected Your Money Habits? That’s a topic that’s very close to my heart so head on over to Money Talks Coaching and reflect on how you learnt about money. You might learnt something about yourself that you never noticed before.
So that concludes our first ever blog carnival. We hope you enjoyed reading the articles we chose and sorry if your submission didn’t make it into the carnival this week.