Best of Money Carnival #143

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!

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