Welcome to the Carnival of Personal Finance, 19th edition! You are visiting Consumerism Commentary, a website where I discuss my personal finances with links to related news with commentary every once in a while. Here is a little about me and this website. You can browse my latest updates or start with the “Best Of Consumerism Commentary” which is in need of some updating.
Thank you so much to everyone who submitted an article to this week’s Carnival. The Carnival was previously hosted here in August and in June. For past editions or more information, view the Carnival of Personal Finance information page. And now, here are the submissions.
It’s All About The Pants. Josh Cohen, from Multiple Mentality, believes that spending $200 on a pair of jeans is outrageous, and he explains why in his article, Do these jeans cost enough to make me look trendy? He picks apart an article from the Washington Post, something everyone shold do at least once in their life.
You Can’t Hang Yourself On a Shoestring. Want to save money? Here are some solid tips. Free Money Finance evaluates savings tips from MSN Money in a six-part series entitled, 20 Ways to Save on a Shoestring.
Case Study. Jeffrey Strain of Personal Finance Advice discusses an errand he must run that should cost over $45, but by choosing simple alternatives he’s able to whittle the cost down. Here’s an inside look at how choosing simple alternatives can save you a lot of money.
Tax Reform Imminent. Last week, the presidential tax reform panel made suggestions for overhauling the U.S. tax code. Jim from Bargaineering takes an in-depth look into what the proposal includes.
Productivity: A Mathematical Formula. Ever wondered how to measure productivity — and what “productivity” is? Steve Pavlina, from Personal Development for Smart People talks about what it means to be productive.
Foods To Be Kept In Stock. Cathy, the Chief Family Officer, specifies which foods should be kept in your freezer, fridge, and pantry at all times. Why? Cooking at home can save lots of money. This was Cathy’s financial tip of the week.
Radical Prediction Not So Radical. A PhD fund manager made a bold prediction of the rate at which the S&P 500 would grow over the next 40 years. Ironman at Political Calculations shows that the fund manager is not exactly going out on a limb. What’s the bottom line? Good returns are likely, but check out the details.
Time For A Book Review. While I’ve been reading a book about world history, Nickel from Five Cent Nickel has been reading Crash Course in Estate Planning. He says: “In very general terms, this book is a good, non-technical reference on the ins and outs of estate planning.” Nickel’s review is worth the read.
Buy This Stock Now! No, not a stock recommendation, but a look at the investment spam delivered by the millions every day. Jon from Smart Money Daily presents an analysis of one stock pushed by the spammers.
Money is a Bigger Factor. Margot, who is starting her college savings early, shares her progress on Financial Baby Steps. Recently, she discovered new data from the College Board, showing a higher correlation between money and graduating college than “intelligence” and the same goal. Is there a causation? Margot — at under four months of age — should continue her research.
Now Is The Time, Or Maybe Not. Jonathan from MyMoneyBlog considers the I-Bond. Is it time to buy? I-Bond rates have been calculated to yield around 7% starting in November. Buying now gets you a guaranteed 5-6% rate, depending on your tax brackets. However, buying later may let you end up doing even better.
The Planning Stage. Setting a long-term financial plan is one of the most important steps of getting your personal finance in shape. Frank from Hello, Dollar! shares his five steps to determining your long-term financial plan in a series of posts.
Finance Tips From Albert Einstein. The genius notes that the most powerful force in the universe is compound interest. Clint, of Million Dollar Goal fame, describes the concept of compound interest so that one does not need to be a genius to understand; in fact, even a lowly patent clerk can comprehend.
Just Because You Made Money, Don’t Assume You’re Smart. Inspired by this past week’s up-and-down performance in the stock market, Scott, who writes Scott on Money, warns investors not to be concerned with day-to-day performance but to fully research your investments.
Will That Be Paper or Plastic? In an MP Dunleavey article (which I also analyzed in three parts), the Mighty Bargain Hunter feels the author’s suggestion of saving money by using credit cards rather than cash is way off base.
More On Long Term Retuns In The Market. The Real Returns investigates the impact of the P/E ratio on returns for long-term investments. Should one expect swings in the overall P/E to significantly affect investment results? Find out here.
Practicing What You Preach, Or Admitting When You Don’t. Financial Fruition is “oxymoronic” by his own admission. It’s easy to say you live by the book, but can you do it? Here, the author admits where he needs work and sets out a plan to reach his goal.
Make Money LATER! Get Rich SLOWLY! Old Niu tackles the myth of getting rich quickly and opts for the less exciting but more accurate picture of getting rich slowly. Admitting the path is uninspiring compared to stories of those who succeeded quickly, the author presents a few simple steps.
All Investors Are Analysts. Harvey Multani of Fiscal Times stresses the importance of analysis for the individual investor. What role does technical analysis play in the realm of the value investor and what can charts really tell us? Harvey has a few answers.
More On I-Bonds. Caitlin, who writes Clutter 2 Cash, has an opinion on the I-Bond that may differ from Jonathan’s above. The I-Bond is included in her calculation of the tax equivalent yields of three investments with tax implications, and comes to an interesting conclusion about the relative sexiness of this particular investment vehicle.
Thanks again to every who submitted an article. I’m sorry I couldn’t respond personally to each submission, but I have included everything I’ve received (that didn’t sound like a business advertisement). Next week, the Carnival will be hosted by Wealthy Web. Don’t forget, you can read past Carnivals or sign up to host one yourself.
Updated June 23, 2016 and originally published October 24, 2005.