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This week, we participated in the Carnival of Personal Finance hosted by Sound Money Matters.
While there weren't too many stories directly related to online banking and using the Internet to save you money, there were a lot of great tips. Here are a couple of the highlights:
The 60 Percent Solution and Mint.com - Cash on the Barrelhead
Super, super cool, because everything goes into pie charts, which is the only way that money (or math of any kind, really) makes sense to my brain. Just click, and you can see one month of where your money is. Or three months, etc. Click on any pie slice for the gory details of what your money is doing. After we’ve got enough data in it, we’ll be able to see (in bar graph–I like those, too) how our spending stacks up against other people.
29 Steps I Took to Leave the Workforce at Age 29 - My Dollar Plan
At age 29 I left the corporate world behind and I’m embarking on a new chapter in my life: spending more time with my kids (ages 1 and 2), following my passion (teaching others about personal finance), and an overall life of freedom not tied to a JOB! Here’s how I did it (and how you can too!)
Are You a Millionaire in the Making? - The Dough Roller
Becoming a millionaire is about the simple, daily choices we all make. So with that, let’s see whether you are a millionaire in the making.
Suze Orman, author of Women & Money: Owning the Power to Control Your Destiny and a number of other books, sits down with the Freakonomics blog to answer a number of reader-submitted financial questions.
There are a ton — literally, a ton — of questions about dealing with lots of student debt. Perhaps the Freakonomics readers are mostly academic, graduate-school types.
This one is my favorite question:
Q: In 25 words or less, what’s the best financial advice either 1) you have received or 2) you give out now to others? Bonus points if you answer in haiku format.
A:
Can you afford it?
Unpaid credit card balance?
One word, friend: denied!
Suze Orman Answers Your Money Questions - Freakonomics
This week, we participated in the Carnival of Personal Finance #170, hosted by The Personal Financier.
It included the embarrassing, but true story of how I went to the wrong airport for my flight to Denver.
There are a number of great posts in the carnival, but here are three right up our alley:
Switching to Paperless Statements to Save Money, Time and the Planet - Our Fourpence Worth
But after years of accessing my accounts and paying bills online, and running out of places to stash all my account statements, I’ve decided that it’s probably a better system that will end up saving me money, time (which is also money), space and paper cuts.
Protecting your identity and financial information online - Finance ViewPoint
In today's cyber-age these type of scams and phishing emails are growing and unfortunately new victims are found every day. However there are a number of easy and cost effective ways you can protect your identity and financial information if you transact over the Internet.
Why Paying Bills Electronically Is Good for the Environment - BrokeFamily.com
Want to go Green?
Well, here’s an easy way to be kind to the environment - receive and pay your bills electronically.
It's been a while since we've had a Money Saving Links post, but we're back at it.
We participated in the Carnival of Personal Finance #168, hosted by One Caveman’s Financial Journey. The carnival included our popular post The Secret Catch to Bank of America's "Keep the Change" Program.
Here are a few of the interesting posts from the carnival:
Risk-Free Banking - fivecentnickel.com
Four banks have failed since July, nine so far this year, and there are upwards of 90 more on the FDIC’s “troubled” bank list. It’s a nerve-wracking time, to be sure. So what can you do to reduce you risk when it comes to banking?
Put Tuition Refund in a High Yield Savings Account as an Emergency Fund - Green Panda Treehouse
The tuition refund is a great way to start an emergency fund. It’s not the most fun way to spend the money, but it’ll benefit you the most. Since college students tend not to have large incomes, this is a way to quickly set up a financial cushion.
The X Files and Your Money: Strange Similarities? - The Wisdom Journal
I watched the X-Files with my wife every Friday evening, then on Sunday evenings when it moved to a new time slot and we rarely missed an episode. Lately, after thinking about the show, I realized that a lot of its central themes are similar to how we work with and use our money.
This week's Carnival of Personal Finance was hosted by Prime Time Money, and it included Savings Onion: Where Our Money Goes.
Here are a few of the highlights from the carnival:
Is your savings account costing you? - OneChanceToLive
It is not only possible that your savings account is costing you money, but it is highly likely!
How to Stop Living Paycheck to Paycheck: 7 Steps - Discover Debt Freedom
If you're tired of living paycheck to paycheck and never having any extra money around to save or take a holiday, there are a few things you may be overlooking that could help you stretch the money you make while reducing the amount you have to pay each month.
Reminders from Omaha - Goal of Financial Freedom
Everyone wants to invest like Warren Buffett and Charlie Munger. I was able to find this article talking about the 6 timeless advice offered by Warren Buffett that we should all think about.
I just got back from my trip to California (which was awesome!) so I apologize for the lack of posts — we'll be back on track next week.
Money and Values hosted the 153rd Carnival of Personal Finance, which included Automate Your Finances, Feel Comfortable.
Here are a couple of great links from that roundup.
Using the web to save money - Money & Fitness Blog
Using the web to save moneyThere is no doubt in my mind that I have saved hundreds and thousands of dollars by making purchases on websites rather than in Best Buy, Target, or any number of stores. I have used a number of different websites that have helped me over time and I thought it would be a good article to write about for those money savers out there.
To Stimulate Or Not To Stimulate? - The Happy Rock
So it looks like there is potential for the stimulus checks to infuse economy with a little money, but there is plenty of debt as to whether our government borrowing money to give to people to spend will do anything to truly stimulate the US economy.
Plan Ahead: 6 Steps to Secure Your Financial Future - My Dollar Plan
Ever since I can remember I’ve been a planner. Planning ahead has allowed us many rewards that we otherwise wouldn’t have gotten the opportunity for.
This week's Carnival of Personal Finance is up at Money Under 30, which includes my meme-starter What Would You Do For $1 Million?
A couple of the highlights from the carnival:
Using Google Apps to Track Spending and Budget - Don't Feed the Alligators
My wife and I are big fans of Google Apps, a suite of office type applications that run in a web browser and provide such services as Calendar, Spreadsheet, Document, RSS Reader, Email, and more …
Another great use for a Google spreadsheet is a budget. I can view and reorganize our monthly budget from anywhere. At the end of the month, I simply copy last month’s budget to a new sheet, and then make some minor modifications, if necessary, to prepare the spending plan for the coming month.
How To Deal With the Demise of ‘Floating Check’ Times - American Consumer News
While it is no longer safe to rely on floating time, there are some ways you can help protect yourself and still pay your bills on time while living check to check.
Direct Deposit Your Paycheck
Write Yourself a Check
Bank Online
Request New Payment Dates
Use Email Alerts
Best Online Discount Brokers - Blueprint for Financial Prosperity
I started with all the Premium and Discount brokers from Smart Money 2007 Brokerage Ratings page and then removed anyone with commissions greater than $10. That left me with E*Trade, Banc of America, TD Ameritrade, WellsTrade, Scottrade, Firstrade, WallStreet*E, SogoInvest, TradeKing and then I added Zecco, simply because they offer $0 trades, and Sharebuilder, because they offer a unique discount purchasing program. I removed Banc of America, WellsTrade, and TD Ameritrade because they’re affiliated with larger banks, I wanted standalone brokers.
This week's Carnival of Personal Finance was hosted by Alpha Consumer, and featured my question on which gas rebate credit card is best.
Coincidentally, Money Smart Life actually submitted his answer to my question to the same carnival!
Best Gas Credit Cards to Save You Money at the Pump:
We finished it up with this review of how you can save money on gas with the following rewards cards:
* Discover Open Road
* American Express Blue Cash
* Chase Freedom Visa
* Chase BP Visa
Some of my favorites from the carnival:
Finding Great Deals on the Internet and How to Avoid Buying Things You Don't Need - Think Your Way to Wealth
One of the great things about the internet is that everything is right at your fingertips. Instead of going to a mall or a bunch of different stores and shopping around for hours, you can search the internet, and in a matter of minutes, find a half-dozen places offering what you are looking for and comparison shop to find the best deal.
Going Green to Keep More Green in Your Pocket - Accumulating Money
When you manage your financial affairs in the virtual world, you are helping to reduce the greenhouse effect that is threatening the global environment. You can enjoy a savings of as much as $150-$200 per year on checks, stamps and even late fees when you pay your bills and do your banking online.
Make Saving Automatic - Broke Grad Student
So how do I avoid spending the money that I want to save? I make the saving automatic.
By setting up portions of my paycheck to automatically go into my retirement and savings accounts, I almost don’t even realize that the money is missing.
Laddering CDs at ING Direct - Blueprint for Financial Prosperity
Looks like ING Direct, which I lauded in my post about laddering your emergency fund, has now made it even easier to ladder you CDs by letting you open multiple CDs at multiple maturities all on one page.