Aug 3, 2013

The Tortoise Banker Carnival, 4th Edition

Here we go!  Lovely Saturday morning to all of you and what a wonderful morning it is!  Watching Tiger Woods demolish the competition brings me back to my youth, and after a 61 yesterday he's back to his best form, possibly just in time for the PGA Championship next week!  Also next week is a great match up between US Mens Soccer team (11 straight wins) and the Bosnian National Soccer team (9 straight wins).  Should be a great match!

Now, let's get into this week's roundup of my favorite articles on building wealth this week.  If you would like to be included next week, please submit your post via Blogger Carnivals for review.  If you would like to host for a future edition, please contact me at

Here are the guidelines:
  • Posts submitted should be written within the last 30 days
  • The posts must relate to building wealth, saving and investing, budgeting, entrepreneurship, or travel and lifestyle
  • Submit by Wednesday night for the Saturday edition
  • Please mention the carnival in your roundups if you have been featured!

So, let's get started with this week's roundup:
Mr.CBB @ Canadian Budget Binder reminds us in A Parking Lot Scam For Money Gone Wrong that you never know who is approaching you in a parking lot. As an adult we tell our children not to talk to strangers but as adults we must keep our guard up and protect ourselves.  Thanks for the story and your advice on how to avoid scams!

Jessica Moorhouse @ Mo' Money Mo' Houses offers some great advice in Love Is Not All You Need - Money Talk Before Marriage Talk - Marriage is a beautiful thing, but Jessica advises us to talk about money before heading down the aisle as its essential to having a financially free and happy marriage.

Glen @ Credit Card Smarts writes Don’t Head Off to College Without Knowing This About Credit Cards! - Before your child heads off to that adventure known as college make sure they are aware of how credit cards works. Otherwise they might graduate in debt!

Mrs. Accountability @ Out of Debt Again shares a Nifty Credit Card Transfer Trick - As you know, I am not a fan of credit card debt. But I can agree with Mrs. Accountability's advice to a friend to apply for a low interest credit card.

SBB @ Simple Budget Blog submitted a great article overviewing their Budget Categories - When budgeting, you have to spread your money into different sections. Check out their article to see some of the categories they use in their own family budget.

Kyle @ The Penny Hoarder blends frugality and psychology in Finding Good Deals? They Could Be Making You Broke - The age of the Internet makes finding a good deal easier than ever. Whether it’s finding a spa day for half off on a deal site or printing off the latest coupon for your run to the grocery store, there are so many ways you can save.  But are these "deals" making you broke?

Crystal @ Budgeting in the Fun Stuff knows moving can be a very expensive process.  This is why she wrote about 7 Tips to Help Keep Your Wallet Full while moving.  When it becomes necessary to move because of a job or simply because you want a change in scenery, it may be helpful to follow these tips.

CAPI @ Creating a Passive Income shares 10 Easy Ways to Diversify Your Income - As this economy tightens our belts, you may wonder how you can make your money go farther. I don't know about you, but I'm all for finding ways to boost income.  Check out CAPI's article for some great tips on diversifying your income!

LaTisha @ Young Finances has a great interview for us in her post over at Entrepreneur Fridays: The ManHammer - ManHammer Co sold the first ever ManHammer™ produced to Brain Dobson, the Legendary Hardcore trainer of both Branch Warren and Ronnie Coleman. Joe Walker talks business with YoungFinances.

Brent @ PersonalFinance-Tips writes "Updating Your Home Insurance Policy After Your Move" OR "Checking on insurance during a house move" - I don't know about you, but I just moved and am very interested in this topic.  Nice share, Brent!

Ted Jenkin @ Your Smart Money Moves submitted a nice article in Should I Loan Money To A Friend? - All of us have had awkward money scenarios happen to us in our lives.  Let's all review Ted's advice and remember to avoid these types of situations.

Tushar @ Finance TUBE offers his take on when and when not to buy life insurance in the post: Life Insurance: Differentiating the Safety & Necessity Purchase - It's unfortunate that in today's society there's still a significant amount of confusion going around as to when an individual should purchase life insurance.

Rich @ Growing Money Smart writes What is Dollar Cost Averaging? - Dollar Cost Averaging is an investment strategy where you are investing static chunks of money spread out over time (instead of a lump sum purchase) in a given investment.  There are a lot of benefits to this and I want to highlight this post to anyone seeking to build wealth slowly as it is a personal FAVORITE tactic of mine.

Minimalist @ Minimalist Finance gives us some inspiration for increasing income in Fun Side Jobs for Another Income Stream -When you decide to take on a second job, you may not know where to start. Because you already work a day job, you may not want to do the same thing that you do during the day. Sometimes, having a break from your day job and being able to do work in another field is nice.

Jester @ The Ultimate Juggle offers some advice on How to Get a Raise - Find out about his strategy and how applying these tactics might put you on your way to getting a raise.

Cat Alford @ Budget Blonde - I love this writer's style.  Be sure to tune into Soapbox Time: Medical School & 6 Figure Loans - Abstract: The media tries to to cast physicians in a certain light (and of course there are bad apples in every profession) but the students I know are here for one purpose only, and that is to learn how to help other people. If they wanted to make a lot of money, trust me when I say they are smart enough to know that there are better ways to go about it. (Seriously, some of them are freaky smart in a way I can't even convey.)

Jacob @ AllPersonalFinance shares tips on How to Save Money in a Tough Economy - When money is tight for everyone, it’s important to think about ways of both earning and saving money for the future. Here are a few strategies that you can use to help you stay afloat when it seems like everyone you know is drowning in debt.

Debt Guru @ Debt Free Blog recommends we get at a minimum these types of Necessary Insurance: The Insurance You Should Worry About - His message to potential dreamers: it's dangerous out there without the three basic insurances : health, home and vehicle. Be smart - read here for tips.

Don @ MoneySmartGuides offers some very timely advice for people in the market to buy or sell a home with Tips for Choosing the Right Realtor - This is actually a guest post by MSG staff writer, Shondell of Call Me What You Want, Even Cheap. She blogs about her recent car loan and mortgage pay off of over $95k and a whole bunch more.

Crystal @ Married (with Debt) writes about Mortgage Rates: Buy or Refinance Now (Or Else!) - "Mortgage rates are on the rise!" the headlines declare. But just how high will they really go... and how long will it take for them to get there?  It's tough to say, but check out Crystal's 2 cents on the subject.

Hank @ Money Q&A offers up a strategy titled, "The Simple Truth on How to Get the Lowest Interest Rate on a Car Loan" - It is important that you do everything you can to bring down the interest rate on your car loan so that you can save money over the life of the loan. Here is how to get the lowest interest rate on a car loan.  I recommend you save and "pay with cash" but if you need to get an auto loan, be sure to check out Hank's advice.

Corey @ 20s Finances shares some invaluable tips on How to Handle Friends Who Are Bad With Money - This article includes three tips that will keep the relationship and not put you in the red.

Tony @ We Only Do This Once wrote about his Lessons Learned in Automobile "Ownership" - Tony said, "No one was a bigger idiot when it came to car ownership than I was a few years ago. Until I was 35 years old, I never had a car payment. Pretty cool, right? But I bought my first car 5 years ago and things went south really fast."

krantcents @ KrantCents gives us another awesome post in Your Career Is Going Nowhere, What Can You Do? - Krants always has some thought provoking content, and has some advice if your career hit a bum.  In a dead end job or just want a change? You are not alone! You could just go out with your friends and complain about it or you could do something about it.

Daisy @ Suburban Finance in Earn More Money by Cutting Expenses has determined that so many people that are unhappy with their current financial situation complain about needing more money, but Daisy feels they need to cut back on their expenses...

Lauren @ L Bee and the Money Tree shares an excerpt from her very first ebook in 21 Days to Healthier Finances - DUHM DUHM DUHM DUHM DUHM …..DUHM! That’s what it sounds like when trumpets herald big news.  Why the need for trumpets and heralding? Because Lauren wrote a short chapter in her very first e-book and is super excited to share/pass it along to her fans!

Wayne @ Young Family Finance writes Summer Savings: How to Have More Fun with Less Money - Looking to get out and enjoy your sunny summer day? Look no further! Read here for fun things you can do for less during the summer season.

MMD @ My Money Design thinks It’s Time to Get Real About Our Household Expenses - Even after all the budgets and spreadsheets, the only way we're going to avoid a deficit this year is to get real about our household expenses. MMD has a plan to do that.

Monica On Money @ Monica On Money has some inspiring advice for anyone looking to get out of student loan debt with Pay For Your Degree With Cash! - Monica writes about how to pay for your degree with cash by getting motivated, making a budget, and saving the extra money.

Mr. Frenzy @ Frenzied Finances gives anyone looking to get married on a budget a bit of hope in her post, "Marriage for Cheap: The Frugal Wedding" - Getting married is an expensive occasion for many, but it doesn't have to be for you! Read here to learn how to plan a beautiful wedding for much less.

Kanwal @ Simply Investing asks us When is The Perfect Time For You to Start Investing? - Is it better to start now, or wait a few years before you start investing? It is definitely better and more profitable to start investing sooner than later. The longer you invest the more you will earn, and reduce your risk over time. It takes time to grow your investments, this post is a great reminder of this.

Amanda L Grossman @ Frugal Confessions responds to a Reader Question: Will My Financial Past Affect the Credit Score of My Credit Card Co-Signer? - Amanda received an interesting reader question several months ago concerning whether or not getting a credit card through a co-signer would improve the person’s credit score.

Maria @ The Money Principle goes over credit building principls in The Importance and Tips to Building Good Credit - In this article Maria discusses two questions relating to good credit we all have to ask: why doesn it matter and how to improve it.

Michelle @ The Shop My Closet Project pulled out her soapbox this week to announce How the U.S.A. is not living up to its potential and what she think needs to be done. - Michelle has faith that we can do better, and offers ways she will personally "do her part" to improve our nation.

MR @ Money Reasons writes What It Means To Be Lower Upper Middle Class - Read how MR explain what his struggles and activities are as a new member of the (Lower Upper Middle Class).

IMB @ Investing Money shares some interesting findings in the recent post The Crisis in Europe is Bubbling up Again - In Europe, we are now seeing increased social and political turmoil. Read MR's post to understand the crisis in Europe that is bubbling up again.

Suba @ Broke Professionals offers up some Money Tools For A Simplified Life - Suba loves budgeting.  He started with paper and a pen and moved on with an Excel spreadsheet. Read the tools he uses for the job!

Roger the Amateur Financier @ The Amateur Financier has found a whale of a resource for anyone looking to learn online in Want to Learn Online? Where to Find Over 18,755 Courses - A guide to online courses, featuring where you can locate thousands of free courses to expand your education and improve your marketable skills.

Ashley @ Money Talks Coaching writes Don't Rationalize Your Purchases; Do THIS instead - Being a budget coach people always want to rationalize their purchases to me.

John @ Imperative Travel reminds us this week Why Travel Insurance is So Important - Think you don't need travel insurance because you have an EHIC? Think again...

Matt Becker @ Mom and Dad Money works to answer the question, What is a Budget? - There's no one-size-fits-all approach to budgeting. In the end, you simply have to find an approach that allows you to use your money to reach your goals. The specifics of that approach are unimportant, as is whether you call it a "budget" or something else. It's the results that matter, and we all have different ways of getting them.

Jon Haver @ Pay My Student Loans would like to free us all of student loan debt, and writes a nice post on How to graduate with no student loan debt - If you polled parents around the nation and asked them what their top accomplishments for their children would be, I can almost assure the consensus would be a full ride scholarship. What a full ride scholarship does is allows children to go to college free of charge based on their high school academic careers.

Christopher @ That This The MBA is clearly not "anti-credit cards" in his post on Smart Ways To Use Credit Cards - In the right hands, a credit card can be extremely useful. Offering access to goods, extended borrowing terms, variable rates of interest and strong legal guarantees, there are plenty of reasons why people should use credit cards. The problem is, if you do not clear the balance as soon as possible and let interest accumulate, debt can build up fast.

Carrie Smith @ ReadyForZero Blog tries to clear the air for a very complicated product in How Does Mortgage Interest Work? - Ever wonder how the interest on a mortgage works? Read this blogpost for a detailed breakdown on how it works and how you can use this information to save money!

Gary @ shares some nice job hunting tips in Top Resume Verbs and Words - Is your resume and cover letter helping you get your dream job? Are you using passive verbs or tired of repeating yourself? We all know that your resume and cover letter are the best documents to help you get your foot in the door. Why not make them sound amazing? Here are a list of the top resume action and power words to make your resume stand out.

GD @ MLIQ123 wants you to make your own decision about life insurance in Permanent Life Insurance - Whole, Universal, Variable Universal - Even though most financial planners, advisers, (and The Tortoise Banker) recommend buying term life insurance instead of permanent, that doesn't mean you shouldn't research all your options, including whole, universal and variable universal coverage. Here is a comprehensive guide to permanent life insurance and the pros and cons of policies. When buying life insurance, be sure to make an informed decision!

Grayson @ Debt RoundUp gives us an epic, inspiring story in One Year Of Being Credit Card Debt Free! - One year ago, Grayson made the last large payment on his credit card debt. When he clicked that authorize button, Grayson didn't realize that his life would change.

John S @ Frugal Rules attempts to "light a fire under our butts" in When Should You Start Saving for Retirement? - Saving for retirement can be challenging for many. There are many excuses to use from not having enough money to it being too far away. However, by starting to save for retirement earlier rather than later, regardless of the amount, you put yourself in the best position possible.

Jacob @ Cash Cow Couple tells us a bit about what personal capital is and why it's important in Personal Capital Review - Personal Capital is an incredibly useful tool. Come take a look at the good and the bad, as told by a current user.

Little House @ Little House in the Valley offers a nice Back to School Tip: Don't Go Overboard on School Supplies - As parents wrap up their summers and begin shopping for school supplies, it’s financially savvy to keep a few tips in mind:

Paul @ The Frugal Toad gives us some Pros and Cons of Borrowing Against a 401k - If you are thinking about borrowing against your 401 (k) plan you may want think twice. Nearly one in four workers with a 401 (k) or similar defined contribution plan have taken out loans totaling $70 Billion or almost one-fourth of contributions. Taking a loan against your 401k account can have a major impact on your ability to have sufficient funds available during retirement.

Andrew @ Living Rich Cheaply reminds us to avoid jealousy in Dealing with Financial Envy - It is natural to compare yourself to your peers. It is also okay to feel a little jealous of what others have. These are a few ways that might hopefully help you out when you’re feeling a little financial envy.

Jon @ Novel Investor provides some fundamentals to investing in Stock Basics: The P/E Ratio - Investors like ratios and the P/E ratio or price to earnings ratio is the most popular. The P/E ratio tells us how much investors will pay for earnings.

Miss T. @ Prairie Eco Thrifter offers some helpful advice to travelers in 4 Ways to Improve Your Travel Experience - If you love travel, but dread the inconvenience, or if you wish you could like travel a little more, here are 4 things you can do to improve your travel experience:

Pauline @ Make Money Your Way challenges us to Make more money during the holidays - Be it summer holidays, long weekends or Christmas, there are plenty of opportunities to make extra money if you are willing to work when the majority rests.

Kevin Watts @ Graduating from Debt answers the question What Happens to your Student Loans when you die? - A look into what happens to your Student Loans when you die

Glen @ Monster Piggy Bank gives us some Super Cheap Hobbies For People On A Budget - Many people think that you can only entertain yourself by spending lots of money. Glen is here to tell you that there are plenty of super cheap hobbies just waiting for you to try.

And there you have it!  Another epic week in the blogosphere!  Thanks to all that submitted, and if you were not chosen this week, be sure to submit your posts by Wed., August 7th.

Peace and Love, Tortoise Banker out.


  1. Thank you so much for including me and for the kind words. :)

  2. Thank you for including my Nifty Credit Card Transfer Trick!

  3. Man, this is an awesome assortment of posts that you put together here. Needless to say, I wish I had come across articles like the one tackling the importance of knowing about credit cards before hitting college, or having the finance talk before marriage. I'm not married but I do recognize the importance of the talk with family and really wish I had been given such a talk when I was younger. But I guess it's better lat than never.