I am glad to be hosting the 50th edition of the Money Hacks Carnival. There really are a ton of great post on money hacks for your personal finances. I have highlighted some of my favorites from the last week. New visitors to the Curious Cat Economics and Investing Blog may be interested in some of past personal finance posts.
I have included snippets from a some highlighted posts which illustrate the great number of thoughtful individuals writing blogs about how to manage your money more effectively and the economic conditions that impact each of our personal financial lives.
- Patrick, with Military Finance Network, wrote Refund Anticipation Loans are Horrible – “is often near 99% APR or higher. Some Refund Anticipation Loans may cost the consumer up to 30% or more of their total tax return.” [He is exactly right, avoid being hacked out of your money by slick marketing of personal loans – John Hunter, Curious Cat].
- Peter wrote, The Best Decision Doesn’t Always Make The Most Financial Sense: “What I’ve learned through this process is that to succeed financially you have to be willing to make careful decisions about where you’re headed, and realize that success doesn’t always mean making the most logical choice. Sometimes it means taking into account the psychology and human elements of the equation. Only when you do that will you truly be able to make the best decisions for you and your family.”
- An Interview with Larry Winget – “If having a financially secure future is the most important thing to you, then that is where your money will go. Stop saying what is important to you and instead investigate the truth by tracking your spending.”
- Dan, Darwin’s Finance, wrote Generation Debt: Our Children will Hate Us – “We continued to spend like there was no tomorrow. Individual, national and local debt soared to heights that were unsustainable.”
- Mara Rogers, Secrets for Money, presents Another Type of Wealth: Pay It Forward and Random Acts of Kindness – “Your generosity can be shown in a very small and impulsive action such as paying someone a compliment, yet it will still have a very large positive impact on the other person, and typically results in a “ripple effect” of that person then being inspired to help another person.”
- Danelle Ice wrote, College Costs Are Rising: Save Now With an Education Savings Account (ESA) – “According to the College Cost Calculator on AmericanFunds.com, it will cost $168,395 to send our daughter to The University of Texas at Austin starting in 2026 for four years. This calculation is based on a 5% inflation rate.”.
- Patrick, Cash Money Life, wrote, How to Save Money on Your Homeowner’s Insurance Rates: 1) shop Around… 2) Increase Your Deductible… 3) Combine your homeowners and auto insurance policies…
- Dorian Wales presents Behavioral Finance in Everyday Life – The Lottery as a Case Study – “Lottery has been deemed a tax on stupidity for a good reason. Every smart and aware consumer knows better than to throw money away on odds smaller than those of getting hit by lightning 3 times in a row.”
Using money and budgeting
- A Simple Budget That Works?.
- Teaching Kids to Spend Their Money Smartly by Dana
- Reduce Spending without Sacrificing Lifestyle #1 – Eliminate Waste
- Given a choice – money provides choices
- Do It Yourself Debt Consolidation by Pinyo
- Double Dipping Your Social Security Benefits by Junior Boomer
- Finding New Mountains to Climb – what to do once you are out of debt
- Can You Find Painless Ways to Cut Your Budget?
- How to Become a Millionaire. Seriously by David R. Lampsen
- Saving Money, and a Great Coupon Tool by Josanne Anthony
- Why You Need a High Yield Savings Account
- The Way Out Is Still Manufacturing by Curt [I have posted several times on the strength of the USA manufacturing sector: USA Manufacturing Output Continues to Increase (over the long term)]
- Benefits of Economic Recession – How it can help us
- How Worried Are You About Being Laid-Off?
- Will The Obama Economic Stimulus Check and 2009 Stimulus Plan Save The Economy?.
- How Much Would You Pay to Voice Your Opinion? by Matt
Retirement and Investing
- Should You Cash Out Your 401k? by Jeff Rose [No you shouldn’t – John Hunter, Curious Cat]
- Share Buybacks and Dividends – The Missing Fine Prints
- Credit Cards Make Purchases Cost More
- 5 Credit Card Company Tricks – and How to Thwart Them
- 8 Reasons Why You Hate Credit Cards
- Use Your Credit Cards to Avoid Cancellation by Madison, host of Money Hacks Carnival #3
- HSBC Direct Online Bank Review
- Broadband internet: what’s your deal of choice? in the UK.
- Best Online Stock Brokers For Cheap Stock Trades.
If you like these posts you may also be interested in the Invest Reddit where a community of those interested in investing submit and rate articles and blog posts. Also for those interested in management see the Curious Cat Management Improvement Carnival.