Welcome to the Best of Money Carnival! This carnival is unique in that only the best 10 personal finance articles, as selected by the host of the carnival, are published. About 40 articles were submitted this week and the bloggers who submitted are some of the best in the personal finance blogging world. We are happy to host this elite carnival for the first time. After much deliberation over which of the great articles to pick we have decided upon 10. On to the top pick countdown!
Number 10: My Dollar Plan tells us about When an Adjustable Rate Mortgage Makes Sense. Justifiably, ARMs sometimes get a bad reputation, but there clearly are a time and place where they make sense. Learn more reading this article.
Number 9: Free Money Finance has figured out a way How to Get 55% More Rewards (and 3.1% Cash Back) with Your Chase Freedom Credit Card. Awesome! (and we don’t get this card in Canada unfortunately). FMF presents a step-by-step guide to taking one credit card and increasing its rewards by 55%, making it into an almost unbeatable 3.1% cash back credit card. Simply fantastic
Number 8: Portfolio balancing is an activity that is part of Investing 101. Oblivious Investor wrote that Asset Allocation Comes First. Then Fund Selection telling s that a common mistake that many investors make is trying to pick investments before they’ve decided what asset allocation they want to use. Where you are in your life journey should affect your allocation as should your other personal financial plan.
Number 7: Mrs. SPF and I are going on a road trip in the not so distant future and we found the article Tips and Ideas to Get Ready for Your Road Trip posted at Couple Money extremely useful. Elle tells us that summer is quickly approaching and for some couples and families it’s vacation season. Flying to your destination may not be feasible, but that doesn’t mean that a long and hectic road trip is on your agenda. Driving may be a great way to enjoy your vacation – as long as you’re prepared. For us? We’ll be doing a Diner’s Drive Ins and Dives
Number 6: Kathryn C discusses How Much Money Should I be Saving? – It Starts with Good Compost posted at Kathryn’s Conversations. She recently visited a sustainable farm in Temecula and was inspired to write an article surrounding the farm, compost, and the need to build the right foundation with your money.
Number 5: RetireByForty asks a question many of us have likely asked Should We Refinance The Rental Home? posted at retireby40.org. The interest rate is hitting a record low again so my conundrum is – Should we refinance the rental home? I need more opinions here. :)
Number 4: If you think you’re the only person who doesn’t know what a family trust is let me put your mind at ease. Most people don’t understand what a trust is – even those people who own one. Wealth Pilgrim explains What is a Family Trust? We have been exploring such a trust as an option to avoid capital gain tax on our family cottage.
Number 3: The Dividend Guy Blog tells us It’s Time To Say Farewell. Au revoir my friend. You will be missed. Ok, so DGB isn’t going anywhere but he has (finally) decided to look at when to say goodbye to an investment.
Number 2: Budgets are tools that are usually geared toward people who have pretty reliable financial inputs and outputs. But what about those who don’t fit the mould? Christian Personal Finance completes a previous line of thought by tackling this subject for his reads in How to set up a budget when you have variable income. Always great to see an author follow up on topics when requested to do so.
Number 1: This article was of particular interest to us given the nature of our blog. The Amateur Financier asks Can You Make Money and a Difference With Social Impact Bonds? The article is a guide to social impact bonds and how they have the potential to change government approaches to dealing with social problems (and possibly serve as a good investment at the same time). Torn between investing and giving to charity? This is a way to do both at the same time.