Welcome to the Carnival of Personal Finance, 22nd Edition! I’m not quite sure what happened to this week’s actual host, so I’m filling in. I may have missed your submission — please send me a quick note and I’ll add yours in if I did.
Here are this week’s submissions, in reverse order of arrival.
According to Financial Baby Steps, there is a savings account for kids that earns 10 percent APY! The maximum balance for earning that rate is $500, but get the information on the blog writetn by the youngest personal finance blogger I know.
The Real Returns explores the risks in socially responsible investments. They may let you stay away from the tobacco, alcohol, weapon manufacturers, and nuclear power stocks, but socially responsible investments may be very risky for your investment portfolio.
This article from Jim of Blueprint for Financial Prosperity quantifies the differences between fuel efficiency in cars over the course of a year. The difference between getting 30mpg and 20mpg is over $600 when gas is $2.50/gal!
Ever wonder how much interest you can earn on one million dollars? Well, it depends. Clint from Million Dollar Goal explains further.
Nina of Sitting Pretty warns against real estate speculation in her post, There and Back by Way of Scandinavia. If real estate is part of your investment portfolio, then honor the guiding principle of positive cash flow and avoid the universal appeal to real estate speculation.
David Porter, C.E.O. of Pacesetter Mortgage, suggests tapping into home equity by extending a mortgage for baby boomers who are in need of extra cash to fund their lifestyles.
Jonathan from MyMoneyBlog does not trust PayPal, as they blocked access to his money for over a week for no reason. PayPal should be used to accept payments, and not as a savings account, as they are not a real bank.
If this were a Carnival of Personal Finance — and it is — It should be noted the author of It Should Be Noted has written about portfolio diverdification recently. Take a look!
Josh Cohen, from Multiple Mentality, presents us with a few words on saving money by using e-mail and e-pay, especially with the coming postal rate hike.
Next week, the Carnival will return to its regular hosting schedule and be presented by Frugal for Life. If you’re interested in participating (as a submitter or host), please see the guidelines. Have a fantastic week!
Updated December 27, 2017 and originally published November 14, 2005.