Carnival of Personal Finance #69

Welcome to the 69th edition of the Carnival of Personal Finance, hosted here at the home of the Carnival. I’ve included most of the blog articles submitted over the last week below. Thanks to Journey to Financial Freedom who volunteered to host this week; we hope you feel better and get back to blogging as soon as possible. Here are the qualifying submissions, starting with my favorites.

Carnival RidesHere are my favorites from the past week that I’ve chosen to highlight:

The King of Debt from We’re In Debt describes a change in Bank of America’s bill pay program. This works in favor of the bank rather than the customer, of course. Take a look at the article, especially if you’re a BOA customer, so you understand how the change might affect your account balance. (245 words; 5 comments)

Ask Uncle Bill has this advice for job-seeking: Hit ‘Em Where They Ain’t. When you’re looking at the top, a lot of talented people are competing with you. Competition is healthy sometimes, but consider other options. (769 words; 2 comments)

Carnival RidesWenchypoo describes the phenomenon of “Maintenance Makes Up the Difference,” in which the low cost of an item is made up by required maintenance costs. (854 words; 0 comments)

Get Rich Slowly has a very basic introduction to mutual funds for beginners. “In the beginning, there were stocks, and that was good… Then came mutual funds, and that was better.” (795 words; 8 comments)

QueerCents presents a money-related interview with John Aravosis, the blogger behind AMERICAblog. (1,126 words)

coney-island2.jpgMighty Bargain Hunter wonders if the typical personal finance tips are unhelpful to those who really need the help and offers some alternatives. (591 words; 11 comments)

Dan Melson from Searchlight Crusade fields a question about taxes due on a lien once a property is sold. Do you still owe taxes on the lien? Read to find out. (750 words; no comments)

Experiments in Finance has a financial checklist for disaster preparedness, including emergency funds, safe keeping, backup files, and more. (1,128 words; 1 comment)

Continue reading for more submissions. has created a quiz to determine the best investment strategy for any individual.

Free Money Finance has some suggestions about what you can do about the rising cost of college.

Flexo from Consumerism Commentary asks whose fault it is that young adults have poor money management skills. There have been a number of great comments so far.

Five Cent Nickel summarizes an article from CNN Money which suggests saving for your own retirement before saving for your children’s education.

Blueprint for Financial Prosperity mentions that the Discover Gas Card is limiting its cash rewards and describes some alternatives.

David A. Porter from Pacesetter Mortgage Blog has the top four questions that must be asked before purchasing a condominium.

Debt Free presents More Behaviors That Cost Us Money, which includes four different contributors to financial decline.

The Buck Stops Here writes about the benefits of extra income.

Folleyball presents Foolarch’s Laws of Real Estate Devaluation: “Home values decrease as marginal businesses increase.”

Money, Matter, and More Musings warns us to read the fine print; the devil is in the details.

Financial Underground looks at the price difference between two low-cost web hosts.

Growth in Value is wondering what to do with his gambling stocks now that the U.S. Congress has banned online gambling.

Money Under 30 has five tips for those wishing to play around with credit card balance transfers.

DC’s Personal Finance and Stock Investing Blog shows us that rules of thumb should be taken with a grain of salt.

The Coin Jar suggests asking this question before purchases in order to avoid financial trouble.

Loi Tran from Investing Guide has a number of basic principles for personal finance.

Personal Development for Brains shares a few thoughts on making money from technical products. talks about a tax that targets the poor and undereducated. Can you guess which tax this is? The answer might surprise you.

privet colorado has some suggestions for lowering taxes on your investments when using accounts other than 401(k) or other tax-managed accounts.

Don’t Mess With Taxes has some advice for military men and women. It’s a summary of the article Be Financially On Guard from Dallas Morning News.

InsureBlog shares some thoughts about the legal ramifications of the practice of taking a sabbatical within non-profit organization.

Enough Wealth writes about estimating the real estate portion of your net worth, and includes some graphs.

MotherLoad shares her experience with CheckFree: ”... [T]hink of the clutter you will reduce in your home if you pay your bills online.”

Getting to Enough mentions that Emigrant Direct’s lowering of the APY on their savings account is a sign of a start of a trend.

FIRE Finance summarizes an article from Motley Fool, looking at Dilbert’s tips for investing.

Blogging Away Debt suggests calling to ask for a lower price if you’re not satisfied with what you’re being charged.

Blunt Money suggests celebrating when debts have been paid off. It’s great motivation!

Financial Foray takes a look back at the money he has spent on his engagement to Mrs. Foray and realizes he could have purchased a BMW instead.

My Simple Trading System summarizes an article from the Chicago Tribune listing six steps for lottery winners.

About Financial Software provides some suggestions for software that is specifically designed for managing household budgets.

Scott on Money suggests maxing out your 401(k) before the holiday season.

Binary Dollar presents an entertaining story illustrating the effects of compound interest.

2million describes the benefits of living like a college student.

Stock Market Beat says businesses are growing more cautious toward technology spending, summarizing an article from CIO Magazine.

The Road 2 Riches notes that property taxes are on the rise and offers some solutions for reducing yours.

My Wealth Builder has a few insights into success in personal finance.

Million Dollar Countdown introduces his blog and lays out his financial goals.

My Financial Awareness presents on article useful for determining when to commence Social Security benefits.

My Money Path says: Don’t Be Your CPA’s Client, Be You’re CPA’s Partner. He points out some of the problems evident in the relationship between a particular CPA and his client in this Los Angeles Times article.

Roth & Company Tax Updates does some research on an IRS property auction and finds the Heart of America Leather Contests.

The Dividend Guy points out a survey revealing that 49% of investors don’t research their investment before buying.

Simply Us is reworking their budget. “Budget is not an evil word—it’s a working word.”

The Mortgage Reports, written by a mortgage salesman, says the Washington post, in their article about 30-year mortgages describing the stability of such loans, got it all wrong.

Getting Out of Debt presents a list of tips for maximizing savings or income at every turn.

Thank you to everyone who participated this week. Next week’s Carnival will be hosted by Make Love, Not Debt.

About Flexo

Flexo is the founder of Consumerism Commentary and the Carnival of Personal Finance.