Best of Money Carnival #143

by on February 20, 2012 · 15 comments

Happy President’s Day! Today I am hosting the prestigious Best of Money Carnival. There were a total of 91 submissions, and all of them qualified for review (great job everyone on reading the instructions and following through!). From these submissions I read each one individually and chose 10 of the best money articles to include in this carnival. Yes…my head is spinning a bit.

I hope you enjoy!

10. Why You Shouldn’t Consolidate Your Student Loans at Smart Family Finance: I consolidated my $36,000 of student loans at 2.65% interest back in 2006. I paid them off within five years of graduating college, and was very happy with my decision. However, there are some very good reasons why you perhaps should not consolidate student loans that Smart Family Finance points out.

9. How Realism and Creativity Can Help Get You Out of Debt at My Broken Coin: I felt for Aloysa in this post. Even though my husband and I are non-mortgage debt-free, working towards financial goals can also become an endless process of sacrificing the now for a future date.

8. Loyalty is for Losers at Funancials: I thought the author brought up a great point. Now consumers are given perks for being a new customer, not for their loyalty (those Ally commercials are great!).

7. The I-Deserve-it-Mentality Won’t Get You Far at Fiscal Phoenix: Americans believe that we deserve stuff to soothe ourselves. Melissa discusses why we should all tough it out a bit more and the rewards we can reap in the end by doing so.

6. Wealthy, Successful Bloggers: Don’t Simply Follow their Frugal Advice at Money Spruce: Great post about something I have often thought about myself. I love reading all of these great blogs, and especially love the blogger’s frugal advice. But it is ironic that each of them are now making great livings and/or wealthy. I hope to remain frugal throughout my life no matter what my income as well!

5. The Real Reason Nobody is Buying Electric Cars at Sustainable Personal Finance: This article offers great stats and information about why Americans are not purchasing electric cars. I always say that in about ten years I will be ready to purchase one—the price should be much better, as well as the technology.

4. You’re a Patsy if You Buy Facebook’s IPO at Investor Junkie: Interesting discussion on why purchasing Facebook stock may not be a good idea.

3. Success Stories That Drive Me Crazy…but Shouldn’t at Darwin’s Money: Darwin points out another example of a story about one person becoming wildly successful, and how we all flock to these types of stories despite survivorship bias.

2. Epic Rally Ensues as Europe Burns. Haven’t we Learned Yet? at ETF Base: I am wondering also why the stock market hasn’t come crashing down again? Fortunately I have not sold any of our stocks in a rash emotional decision and plan to hold steady no matter what comes our way.

1. The Definition of Broke: What Does it Mean? at Broke Professionals: My husband pointed out to me about a year ago that I should not say “we can’t afford that” but rather “we don’t want to afford that”. Making this distinction has really changed our perspective on our finances and lives.

Thank you everyone for your submissions!

{ 10 comments… read them below or add one }

Investor Junkie

Thanks for the mention!
Investor Junkie recently posted..Weekend Reading for February 17, 2012


Sustainable PF

Thanks so much for including our article! We have somehow made Best of Money 3 weeks in a row!


Melissa@Fiscal Phoenix

Thanks for the inclusion. I’m heading over to check out some of the other posts.


Elizabeth @ Broke Professionals

Thank you so much for adding my article to the list!!! Now I’m going to go read the other top 9 submissions!
Elizabeth @ Broke Professionals recently posted..I Want To Quit My Job: Leaving Work Without Burning Bridges


Matt @ RamblingFever Money

Question: Is it the job of the host to pick the best 10, or does somebody else do that? Just curious. It would take me an entire week to read 91 blog posts!!
Matt @ RamblingFever Money recently posted..Rambling Road Meets Zzyzx


Amanda L Grossman

Great question. The job of the host–it took me about five hours just to read through them all!
Amanda L Grossman recently posted..Best of Money Carnival #143



When I saw a trackback I accidentally thanked a spam site. So it took me a minute to find you but I’m here. Thanks Amanda!
Funancials recently posted..Market Update: Whatcha Snow About That?



Hi Funancials,

Haha! Glad you found me;).


Walter Martin

I missed this blog carnival submission! How can I submit for the next one?
Walter Martin recently posted..Craigslist Savannah GA Used Cars For Sale by Owner – Hinesville and Coastal Region Trucks, SUVs and Vans



Hello Walter,

I got your email. You can submit to the next one via the Blog Carnival website. Unfortunately this one is closed for submissions and the winners have all ready been chosen.

Good luck!


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