Free Money Finance has the latest Carnival of Personal Finance available. It’s edition #115!
While he’s got his editor’s choice picks, I am skipping them in favor of what else is out there that caught my eye.
Pinyo at Moolanomy asks what money wasters do you do? I do 1, 2, 6, and 10. But I definitely don’t do 3, 8, 9.
Saving Explained with the contrarian advice on emergency funds. I’m a big advocate of them, but I like to keep an open mind. Read the companion article he references about keeping small savings subaccounts assigned for specific financial goals. What do you think? Good idea? Crazy idea? I still think emergency funds are a great idea for anyone with a home, car, or unpredictable job market. I know that I just covered like 90% of the people out there, but that’s why I think an emergency fund is worthwhile for nearly everyone. It’s really only a question of how much, not if.
Clever Dude with the skinny on Carfax used car reports. Read to the bottom and follow the Consumer Affairs link from Super Saver as well.
Make Your Nut has advice on how to have a big party on a small budget. I don’t think 20 is really a big party, but the advice is still great for entertaining on a shoestring. The main thing is, your friends will bring you more beer than you will ever drink if you don’t stop them and assign them something else to bring. ‘Bring chips!’ ‘Bring salsa!’ ‘Bring a salad!’ ‘Bring some bread!’ ‘Bring some dessert!’
Grad Money Matters on the Joys of Homeownership. HAHAHA. Damn if I haven’t been there, cursing myself at buying a condo. “What was I thinking?!” is an unfortunate thing to say to yourself after the mortgage is signed.
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Mapgirl, thanks for the special pick. You don’t spend money on expensive haircuts, what about manicure and pedicure? My wife love these.
Pinyo, I get only about 3 manicures a year, and maybe 1 or 2 pedicures, more like 1. I like to polish my nails at home and then sit and read until they dry.
I’m glad I made your picks! Thanks!
I know where they’re coming from on that emergency fund thread. My actions say that I agree. I’m still saving, but I’m only calling $1,000 of it my emergency fund. The rest is designated for something I really want. I’m not waiting until I have 6 months’ expenses saved to start my downpayment fund. I probably would lose steam at that rate.
On the moneywasters the only one might be eating out. But I don’t do much of that really recently…
PS – I’ve been cutting my own hair LOL
Emergency fund is the wrong kind of thinking IMO. As long as you can borrow for emergencies. The main thing is to have significant assets outside of retirement accounts to enable financial freedom.
It would have to be a lot of beer for me to be unable to get through it eventually. But its probably a sensible idea to suggest they bring chips and dips and so on.
Love the link about CarFax.