Welcome to the 190th Carnival of Personal Finance! This is Funny about Money’s first opportunity to host the CoPF, and I feel very privileged to do so. It’s a large carnival, and this week we have many excellent and worthy submissions.
Here we are in times that eerily echo the Great Depression. We have a tumbling stock market, collapsing financial institutions, soaring rates of foreclosures and unemployment, catastrophic weather events, and a new President influenced by Franklin D. Roosevelt and John Maynard Keynes who takes office after a period of unbridled greed and excess. Hence this week’s theme: buddy, can you spare a dime? Luckily we’re not yet in the dire straits that the country entered during the 1930s, and we hope not to get there. But it’s worth reminding ourselves that people did survive hard times then, and so will we.
Editor’s Choices are flagged with adoring red hearts: *
Money: Tending to What’s Left
The Penny Daily
Should I Invest in Certificates of Deposit
Everything you wanted to know about CDs, and then some. A good survey.
Managing Money God’s Way
I Want My 401(k) Back!
Greg counsels patience and calm. It’s too late to panic, anyway.
Commodity Asset Class in Dividend Growth Portfolio
This is a sophisticated discussion of how and why corporations engaged in commodity businesses are good proxy for the commodity asset class.
Beyond Paycheck to Paycheck
Roth IRA Contribution Limits: Your Earnings, Income, and Marital Status Matter
So does your age, as Beyond notes in passing. Useful pointers on Roths.
Personal Finance Start-up Blog
Biggest Lesson I Learned from This Bear Market
Steve examines degrees of risk-aversiveness and what they mean.
Be Careful Moving Your Down Payment Money
Dan offers some interesting advice about how sudden movements of large cash sums will be viewed by lenders.
High-interest Savings Accounts Profiles
Exactly who are those outfits that propose to pay you a high rate on your savings account? Jim offers an excellent survey of high-interest account providers with information about each.
Free From Broke
Nine Reasons You Need an Online High-Yield Savings Account
And, while we’re on the subject, here’s more to consider.
Cash Money Life
ING Business Savings Account Review
Another high-yield savings account; good survey of its features and how to get it
Personal Gurus, I’m Getting Tired of Your Advice
Money observes that celebrity PF gurus seem to do things quite differently from what they advise.
My Family’s Money
Budgeting Basics: Income Tracker
Steward suggests that part of a budget is increasing income as well as amount saved; he shows how to build an income-tracking spreadsheet.
The Coin Jar
Pay off Your Mortgage? Look at More than Just Numbers
In the pay-it-off vs. put-the-cash-in-savings debate, CJ is firmly in the pay-off corner but allows that factors other than the numbers may come into play.
???The Dividend Guy
3 Free Sources for Dividend Data
Whoa! This is interesting! Dividend Guy not only provides some sources for information about a company’s dividend history, he tells you how to access it and provides some hints about how to figure out what it means.
The Sun’s Financial Diary
A Free Stock Analysis Tool
Here’s an online tool that provides a surprising amount of data.
Online Banking: A Complete Guide to Internet Banks
A survey of the kinds of online banking, its features, and how to select the best service for you
5 High-Yield Dividend Stocks for 2009
If you still have a nickel and a dime to rub together, here are some “buy” recommendations for the down market.
Can One Ever Properly Prepare for Death?
Managing your shekels doesn’t stop until you shuffle off this mortal coil.
Dividend Growth Investor
Dividend Yields for Major US Indexes
Interesting information about the nature of dividend stocks; DGI notes that index yields are beating ten-year notes for the first time in fifty years.
Money Smart Life
Insurance Policies 101: Understanding Insurance Policies and Claims
Broke or not, you need to insure your property and protect yourself from liability. Here’s a clear, well written primer.
The Family Wallet
Is Your Emergency Fund Adequate in Today’s Economy?
DJ raises a good point.
Personal Finance Reviews
FICO 08 to Be Available to Consumers Soon
Fair Isaac is about to roll out its new FICO scoring; PFR previews some of its features.
The Financial Lessons I’ve Learned from My Younger Self
A thoughtful essay: Hannah looks back on earlier tough times to see the things she did right then, and reflects on how they apply today.
Economic Collapse-R-Us: 22 Lifestyle Changes of Middle-Class America
Interesting! See how many of these you’re already doing.
Why I Never Budget
A man who can trust himself…or who has no fear.
Can You REALLY Live a Cash-only Lifestyle?
While conceding that it’s possible, Miranda suggests some ways to build your credit rating without racking up charges.
Poorer than You
Is It OK to Bridge the Gap with Credit Cards?
Stephanie contemplates the possibility that her student loans will start to come due before she can land a job.
The Paycheck Chronicles
5 Reasons that Not Saving Money Is Saving Me Money
In a neat, insightful article, Kate explains a seeming contradiction.
A Simple Budget that Works?
Some thoughts on simplicity in budgeting, and a story to go with
Silicon Valley Blogger
The Digerati Life
YNAB (You Need a Budget) Personal Budget Software Review
A very detailed description of this program
The Smarter Wallet
Downsize and Cut Costs, or Work at a Second Job?
Jacques sees two options for dealing with recessionary times.
Secrets for Money
Turn Your Your Home into a Boardinghouse and Other Ways to Leverage Your Home
Here’s a way to get some money in the event of a layoff.
5 Things I Learned from the Last Recession
The world may not be ending, after all…
Not Made of Money
Medical Insurance: Review Your Coverage for the New Year
Good advice: review your health insurance coverage to head off any unpleasant surprises.
The Happy Rock
Reader Stories: The Beauty of Frugality and Family
More evidence that the world is not ending!
Down at the Salt Mine
Improve Your Career
Good advice on how to move up in the job you’ve chosen.
Prime Time Money
52 Ways to Make Extra Money
Feeling at a loss as to how to start a second income stream? Try one of these ideas.
Single Guy Money
Had My Performance Evaluation Today
w00t! Single Guy got a raise! Single, eh? hmmm…
Five Reasons Lending Club Beats Credit Cards When Funding a Small Business
This guest post by Dough Roller presents an interesting proposition. You find a bonus reason if you read all the way through.
Paying for Retirement
Free Online Storage Backup
Get two gigs of password-protected storage space. A great way to save yourself a lot of grief and heaven only knows how much in data retrieval costs if your system goes down.
My Dollar Plan
6 Free E-file Options
File your taxes online for free.
Splurge without breaking the bank
Beatrice Goes Granola
Here’s a tasty recipe for a large amount of granola. Be advised: it’s not cheaper than store-bought…but it’s sure better, and you know exactly what’s in it.
Free Money Finance
Do You Expect to Get Fair Market Value out of Gift Cards You Receive?
FMF looks a gift horse in the mouth. His readers join in the examination.
When You Walk through the Storm…
The Power of a Vision
Why it’s not only OK to dream, it’s a good idea.
Plan Well, Retire Well
Think You Might Be Getting Laid Off? Here Are Some Questions to Ask Yourself
Good checklist from a university’s PF site.
How to Find a Job in a Recession
Advice on preparing your job-hunting package
Generation Debt: Our Children Will Hate Us
Darwin worries that what goes around will come around.
Your Money Relationship
Should You Forgo A Match From a 401(k) In Order to Start an
Adam addresses one of those questions that haunt you at three in the morning.
Divorce: The Destroyer of Wealth?
There’s never a good time to divorce (or, as The Weakonomist suggests, never a good time to make an ill-considered marriage), but given the astonishing costs of splitting up, this may be one of the worst times.
Think Your Way to Wealth
Discussing Money Issues with Your Wife or Husband
Speaking of marital issues, here’s some commonsense advice on talking about money matters between husband and wife.
What You Should Know about Debt Settlement before Signing on the Dotted Line
Interesting article about a strategy of last resort
Ask Mr. Credit Card’s Blog
Unauthorized Cosigners and Repaying Old Debt
Here’s a two-for-one as Mr. CC addresses a pair of readers’ predicaments