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Weekend Reading

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Here are a few articles I’ve spotted recently.

Are you superstitious? Superstitions can extend into your finances; the belief that the stock market’s performance on January 1 signals the performance for the entire year can be classified as a superstition. Frugal Zeitgeist offers a compilations of several superstitions and their origins.

I’m a customer of Amazon.com’s Prime service. It provides free two-day shipping on all items, not just those priced at $25 and above. A myth is circulating that Amazon Prime members are shown higher priced items by default, resulting in these customers spending more money than those without Amazon Prime. Money Beagle debunks the Amazon Prime myth.

Get Rich Slowly offers advice on fending off financial trolls. It seems like there are always some people who insist on attempting to sabotage your ideas, your reputation, or your finances. I like the way J.D. presented the idea that we have internal trolls, as well. Sometimes we must battle ourselves.

Krantcents explains how access to information and entertainment is ubiquitous.

My choices for the best credit cards in 2012 and thoughts on industry trends for the year was included in the latest Carnival of Personal Finance at Wealth Pilgrim. If you’re a blogger interested in hosting the Carnival, find out more here.

With the results of a customer satisfaction survey, Insure.com has developed a tool that lets you browse insurance companies to determine how they compare with each other from the customers’ perspective. The companies are rated on a five-star scale among several different criteria, including claims processing, customer service, and value. The tools covers auto, home, life and health insurance.

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I hope that my town is inland enough to escape the worst of Hurricane Irene, but living near a canal increases the likelihood of flooding. I live in a second-floor apartment, so I don’t need to worry about a flooded basement. I believe I am stocked for the possibility of power loss, though I ventured out last night for some last-minute errands. The supermarket nearby was packed, and they had run out of many supplies like bottled water. No local store had water in stock last night, and I may go out this morning to see if stores have been restocked. I have water in my home but I figure it can’t hurt to have more.

Several gas stations were out of gasoline, so I needed to travel farther than usual to fill up. At the time there was still a chance that the hurricane could come farther west to hit my town directly, but this morning, the likelihood of that happening is low.

Hurricane IreneBecause of the hurricane, I’m extending the Plutus Awards nominations for another day. If you haven’t nominated your favorite personal finance blogs and products, do so now. After the finalists are chosen from the nominations, and after a period of voting in September, the winners will be announced at the Financial Blogger Conference.

Thanks to Sustainable Personal Finance, who hosted the Carnival of Personal Finance at the last minute when the originally scheduled host was unable. SPF included my article about retailers’ marketing tricks as an Editor’s Pick, and there are many fine articles included this week.

Those who follow me on Twitter and Facebook know that I was on a guest on WSRQ’s Talk Credit Radio yesterday, hosted by Gerri Detweiler, to talk about my financial mistakes, taking control of your financial life, and Consumerism Commentary. The recorded audio should be available soon, and I’ll provide a link once it is. Also, Gerri is an upcoming guest on the Consumerism Commentary Podcast.

Here are some personal finance articles related to or inspired by the hurricane.

For those in the path of Irene, stay safe.

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Later this month, I will be traveling to southern California to visit my family. I usually travel to the west coast for vacation twice a year, once in the spring and once around Thanksgiving. During this time, I’ll still be working, but I often use this as an opportunity to feature a select number of guest writers. This year, I’m particularly in readers who have stories about their own financial experiences to share. If you have an idea that you believe would be a good fit for Consumerism Commentary, please contact me.

Here are a few articles I’ve enjoyed reading this weekend.

Why It’s Called “Personal” Finance. Amber and her fiance seem to be a good match when it comes to their finances; their interests complement each other. While Amber has a good attitude towards the wise use of money, she’s understandably not a fan of budgeting. To fill this need, her fiance, who has a similar approach to financial goals, enjoys budgeting and making investment decisions. This seems like a good combination. When it comes to finances, a couple is like a team. They’re working on the same goals, but each has different skills to bring to the table. This doesn’t guarantee success, but working together will have a positive effect.

The Lottery: An “Investment” for Fools. Playing the lottery is a losing proposition, despite the media hype surrounding winners, all who seem to have stories of leaving their day jobs for wealth and fortune. Many lottery winners declare bankruptcy because they are unprepared to handle financial windfalls, but fr the vast, vast majority of players, playing the lottery is a waste of money. On Get Rich Slowly, J.D. has a neat interactive graphic that will visualize playing the lottery every week for ten years. In my simulation, I won $90 over ten years, for a loss of 91% of my money.

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When I’m not busy with Consumerism Commentary, I have a small window for working on other projects. Most of these have stemmed from Consumerism Commentary or focus on the personal finance community, but every so often I get a chance to focus on my other interests. Here are some of the other projects I work on, though I still haven’t been able to spend as much time on them as I would like.

The Carnival of Personal Finance was the first of its kind in this particular community. Each week, a different blog reviews a hundred or so submissions from other bloggers to highlight the best in blog-based writing. Since 2005, this Carnival has been a great way for new blogs to receive exposure within the community while larger blogs have the opportunity to help others succeed. When done properly, the Carnival can be entertaining, informative, and worthwhile to everyone who participates. Last week’s Color Theory Edition of the Carnival of Personal Finance was hosted by Fiscal Fizzle.

I thank Revanche from A Gai Shan Life, who has been managing most of the weekly administration of the Carnival of Personal Finance.

The Ad-Free Personal Finance Blogs Aggregator (pfblogs.org) is an index of active blogs that focus on personal finance, investing, and real estate. Today, most submissions I receive for inclusion are for blogs that are written for search engines rather than human beings. Using this list, it’s easier to find quality personal writing about personal finance. If you are a blogger whose blog should be included, add it today. This site is overdue for an overhaul, and if you’re interested in assisting with the management of this service, let me know.

The Plutus Awards is an annual awards show highlighting the best personal finance blogs and articles. We accept nominations in a variety of categories, and the entire personal finance blogging community is invited to vote for their favorites among the finalists. This year, nominations will begin soon, voting will take place towards the end of the summer, and the winners will be announced at a live event this fall.

Although it’s directly part of Consumerism Commentary, the Consumerism Commentary Podcast is like a website unto itself. Producing the Podcast involves finding topics to cover, making arrangements with guests, working with potential advertisers, and handling public relations. While Tom Dziubek is on hiatus during tax season, I was fortunate enough to be able to work with Bryan J Busch, who has done a wonderful job filling in, including developing questions that get to the heart of every issue.

These projects don’t leave much time for other things in my life at the moment, but I have been trying to spend some time learning about photography. At one time, I was involved with music education in the area, as well, but that has not been a focus for some time, unfortunately.

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Blogger Dinner in New York, Nannies, and Museums

by Flexo

This past weekend, I had the pleasure of getting together with some of my colleagues in the world of personal finance blogs. Six of us, representing My Journey to Millions, Free From Broke, Investor Junkie, and Money Crashers, met for dinner in New York City. My trip to the city allowed me to get in ... Continue reading this article…

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Meet Bryan, Host of the Consumerism Commentary Podcast

by Flexo
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Those listening to the Consumerism Commentary Podcast may have noticed that our latest episode, featuring guest David Bach, was hosted by a new voice. Our long-time producer, Tom Dziubek, is currently taking a hiatus from the show to explore a great job opportunity, and we wish him the best of luck. We’re happy to have ... Continue reading this article…

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7 Independent Personal Finance Blogs You Can Trust

by Flexo

In just the past few years, there has been an explosion of personal finance blogs, a niche that was vacant eight years ago. Those eight years feel like a generation or two, considering the way the Internet has changed since then. Now some might argue that the blog form is on its way out as ... Continue reading this article…

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Weekend Reading: Buying Your First House, Poetry, and Warren Buffett

by Flexo

Here are a few articles to keep you entertained and informed this weekend. 4 Questions Before Buying Your First House. Here is my recent contribution to US News. “The decision to buy a house is about more than just mortgage interest rates, the Case-Shiller Home Price Index, and property taxes. Your home is more than ... Continue reading this article…

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Running in the Snow

by Flexo

One of my goals for 2011, like most people who make New Year’s resolutions, is to lose weight. Earlier this week, I started a training program that will lead me to be able to finish a 5K. To track my progress and to assist with training, I’m using an application for my phone, RunKeeper. RunKeeper ... Continue reading this article…

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Traffic Cameras, Salad Dressing and Capital Losses

by Flexo

The snow is falling hard in my corner of New Jersey. After Christmas in Queens, New York, I rushed home last night to stay ahead of the storm. The current weather reports are calling for 12 to 18 inches of the white stuff on the ground by the time the storm has passed. We’ve stocked ... Continue reading this article…

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First Credit Card, Getting Fired, and Presumptuous Gifts

by Flexo

Saying goodbye to my salary and employer-sponsored benefits should mean that I should be looking to cut back my expenses for a little while as I work on making up for that loss through increased income. This weekend I had my last hurrah, spending money for a new professional-grade digital camera. I had been saving ... Continue reading this article…

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My $10 Mistake and Articles of Interest

by Flexo

I overdrew my checking account about two weeks ago. It was a stupid mistake. I recently set up an automatic investment for my SEP IRA, $1,750 at the end of each month, transferred from my checking account at Wachovia to Vanguard, invested in VTSMX. On November 30, I checked my Vanguard account, and I didn’t ... Continue reading this article…

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Resignation Complete and Weekend Reading

by Flexo

Don’t forget Consumerism Commentary is matching charitable contributions. It’s official. Earlier this week, I offered my resignation to the large corporation where I’ve been employed for just under a decade. I have less than two weeks to wrap up my projects and transition work to the rest of my team. It won’t be long before ... Continue reading this article…

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Travel Rewards, Health Savings Accounts, and One-Salary Families

by Flexo

As I mentioned a few days ago, Consumerism Commentary is matching your charitable contributions. Please take this opportunity to give to your favorite charity. Here’s how to make your charity count twice. In other news, I have returned from visiting my family in California for Thanksgiving. I spent some time with my brother and sister-in-law, ... Continue reading this article…

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Good Movies, 2011 Investment Strategy, and Basic Financial Terms

by Flexo

It’s not often I get a chance to travel to California to visit my family, but I’ll be flying today from east coast to west to spend quality time with my brother, sister-in-law, and mother for Thanksgiving. It will be a fast week; I have plans for just about every day I’ll be in California. ... Continue reading this article…

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Frequent Flyers, Dangerous Investing Advice, and Supercharged Income

by Flexo

A week from today, I’ll be on my way to California. I’ll be visiting my family in Los Angeles and Orange County for Thanksgiving and to get away. It’s not all personal, though; I’ll be doing quite a bit of work on Consumerism Commentary while traveling. I’ll be writing, assisted by a few guest authors, ... Continue reading this article…

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Holiday Travel Deals, Consequences, Verizon Promo Codes

by Flexo

It has been a long week and I haven’t completed as many things as I would have liked to; however, I did mention to my supervisor at my day job that I plan to take an extended leave of absence. It’s not quite quitting, but this is what works for me for the present. This ... Continue reading this article…

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Philanthropy, Money Curriculum, and Social Security

by Flexo

Earlier this week, American Express published my second article for the company’s new community website, Currency. I used to think that philanthropy was an activity for the rich. Though anyone can donate a portion of income to charity regardless of their financial health, starting a foundation requires at least a million dollars. Some services offer ... Continue reading this article…

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Money and Dating, Meal Planning, and Mind Mapping

by Flexo

A few weeks ago, I mentioned that American Express launched a new community-focused website called Currency and that I would be participating as one of the writers. I’m proud to announce my first article was published yesterday. True Romance: Dating With Financial Attitudes in Mind takes a look at how you can survive early relationships ... Continue reading this article…

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Car-Buying Options, Worst Commercials, and Money Index

by Flexo

Is it better to buy a new car, buy a used car, or lease a new car? If you ask personal finance writers, gurus, and bloggers, the answer is always to buy a used car without question — and without debt, if possible. Here is the problem with one-size-fits-all, mass-audience advice. In most cases, this ... Continue reading this article…

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