Financial Carnival for Young Adults – 2nd Edition

Welcome to the Financial Carnival for Young Adults, where the goal is to provide valuable articles on the topic of finances for young adults. This week there were even more submissions. I noticed a trend and in light of that, the articles having to do with taxes have been featured towards the top. Young adults usually struggle with filling out their tax forms because it is so new to them. For those wondering, I use TurboTax.com because it is easy and affordable – but more on that later. Now, on to the great personal finance articles around the web.

Taxes

Master the Art of Saving published Tax Refunds- The Good, The Bad and Why We Get One Anyways , saying, ‘Financial experts along with many personal finance bloggers frown upon getting tax refunds. Why? They actually have a valid point—why loan the government money? ‘

Money Spruce published Tax Hack: Use Premium Features of Turbo Tax For Free and Save , saying, ‘Turbo Tax has many premium features that you can use for free while calculating your refund. Follow these steps to use Turbo Tax without paying a thing. ‘

Steadfast Finances published Future Tax Policy and Why You Don’t Want a Roth IRA , saying, ‘Are you investing in a Roth IRA without considering the future tax policies. Future taxes on your roth ira could limit your investment return.

Money Q&A published The Dangers Of A Tax Refund Anticipation Loan , saying, ‘With a little bit of prior planning, there are other options that you can take in order to avoid a tax refund anticipation loan. You do not have to use a tax refund anticipation loan with its high fees and interest rate. ‘

Budgeting in the Fun Stuff published Our Meeting with a Tax Lawyer, saying, ‘As I have mentioned, Mr. BFS and I really didn’t know how we were going to proceed tax-wise now. So we scheduled a one-on-one meeting with a tax lawyer.’

Investing

Simple Finance Blog published Why Index Funds Will Always Beat Active Managed Funds , saying, ‘There are basically two types of funds. The first is the ‘active’ managed fund and second the passive or the ‘index’ fund. Which is better? And why? ‘

The Dividend Ninja published When Issuing A Dividend Can Be Dangerous , saying, ‘A dividend can actually be a huge red flag depending on where the company gets the money for it. If you know what to look for, a company paying or increasing its dividend is not always a good sign. How does your favorite dividend paying company get the money for those annual or quarterly payments? ‘

Passive Income To Retire published Investing Without Investment Experience , saying, ‘Investing your money can be one of the best ways to generate a passive income, depending on the type of investment which you choose to make. Many people believe that they will need to have significant experience in investing in order to generate a profit as an investor, but this is not necessarily the case. ‘

Early Retirement Investments published Avoid These Investments that Don’t Keep Pace with Inflation , saying, ‘If you invest in investments that don’t keep pace with inflation, you are investing in a vehicle that is a money loser than a money winner! ‘

Financial Success for Young Adults published Stop, Limit, Profit and Loss , saying, ‘Trading with the protection of stop-loss and profit-limit orders. ‘

Simply Investing published Want To Increase Your Investment Income With Dividends? , saying, ‘Are you looking to increase your investment income? What is the simplest and quickest way to increase your earnings? Dividends! Not just any dividends but dividends that increase regularly. In this article let’s take a look at the power of dividends and some recent dividend increases.’

101 Centavos published More on Investing in the Basics: Chocolate , saying, ‘Ask any lady about the bare necessities of life, and chocolate ranks way on up there. Food, fire and shelter… and fudge brownies! ‘

Career

Wealth Informatics published How to negotiate salary even in a tough economy, saying, ‘Most of the times general tips on negotiating better salary don’t work, because we have a lot of personal barriers. Here is a step by step guide to persuade the employer to offer you a higher salary without taking yourself out of the running for the job’

Broke Professionals published I Want To Quit My Job: Leaving Work Without Burning Bridges , saying, ‘The day I finally decided to quit my job was one of the most exhilarating – and terrifying. Here’s what I learned about giving two weeks notice. ‘

The Ultimate Juggle published Make the Most of Your Pay Check , saying, ‘If you want to make your paycheck stretch further every month, you don’t have to play the lottery and hope for the best. There are plenty of everyday things you can do! ‘

Shared Financial Success published Every Young Job Seeker Needs To Try This, saying, ‘Finding a job right now is tough and it’s not going to get easier any time soon. Every young person needs the experience of working with a temp agency. Plus it will be nice to have an extra pair of eyes job hunting for you.’

Other

Personal Finance Whiz published How to Deal With Creditors When You Can’t Pay , saying, ‘Despite the harsh lessons that were taught to us by the Great Recession, it seems that we haven’t quite gotten the message about the dangers of overleveraging! ‘

Thousandaire published Used Appliances are The Best! , saying, ‘Don’t buy expensive new appliances. Use someone else’s old appliances and save tons of money ‘

Evolving Personal Finance published Do You Ever Just Give In and Spend?, saying, ‘It’s hard to say no to a need or a long-term want when you have cash, even if it’s not earmarked for that purpose… Occasionally, we just give in.’

Money Talks Coaching published How Does Your “Money Style” Affect Your Life , saying, ‘What is your money style? According to Wife.org there are 3 basic money styles; hoarder, avoider, or splurger. If you don’t know what your money style is you can take the quiz over on Wife.org. I dont even need to take the quiz. I know Im a hoarder. What are you? Think about your money style.”

Not Made of Money published The Best Tips for Automating Your Finances , saying, ‘The most common area for people to struggle in their lives is with their finances. Remembering to pay bills on time, putting paychecks in the bank and keeping everything running smoothly can be impossible with the responsibilities present in everyday life. Unordered finances lead to bounced check fees, overdraft fees, late fees and other problems, ‘

Money Reasons published Blaming Your Credit Card Debt On Your Spouse , saying, ‘Do you blame your credit card problems on your spouse? Are you sure they are really the problem? My friend thought so too, but it was really him… ‘

Smart Family Finance published Smart Family Finance Mortgage Basics: Lifetime and Reverse Mortgages Explained , saying, ‘While a lifetime mortgage is not right for everyone, it can be a viable alternative for retirees who want a larger fixed income for no additional monthly expense. ‘

KrantCents published The 3 F’s of Success , saying, ‘The 3 F’s of Success is the Sixth in a series of articles to help you reach your goal. What are your goals? I know you thought about it! You know, it is your dream, wish or resolution you made! ‘

MoneySmartGuides published How To Pay Off Your Mortgage Early , saying, ‘Your house is for most, your largest expense. Not only in terms of the size of the monthly payment, but also in terms of time. ‘

Your Finances Simplified published How To Get Rid of Your Student Loans Without Paying or Ruining Your Credit! , saying, ‘The only way I know that you can get rid of student loans is through the process of Permanent Disability Discharge, in which individuals get assistance in paying off the amount of their education loan. However, there is a strict guideline as to who can qualify… ‘

Money Infant published What’s Love Got to Do With It! , saying, ‘One of the long standing personal finance questions is Buying vs renting a home. Let’s take a look at the financial wisdom of buying a home versus renting. ‘

Sweating the Big Stuff published The Ideal Amount of Savings at Age 30 , saying, ‘I would like to live comfortably in retirement. Just how much do I need to save by age 30 to never have to save another penny for retirement? ‘

Frugal Confessions published A Frugal Date for Long Distance and Near Distance Couples , saying, ‘Most of my relationship with Paul has been long distance. We met in Japan in our 20s, fell madly in love, and spent the next several years traversing the globe ‘

20s Finances published Living With Parents after Graduation from College , saying, ‘In preparation for graduation from college, I am sure many college students have big plans. They plan to get a job immediately after college and perhaps buy their own home soon after that. Maybe living with your parents can help you with this goal. ‘

My Broken Coin published Save Time and Money by Organizing Your Finances , saying, ‘Ashley over at Money Talks provided details how to save time and money by organizing your finances. ‘

Newlyweds on a Budget published Custom Wavefront PRK , saying, ‘A review of the Custom Wavefront PRK procedure at the Chao Vision Institute in Irvine and Orange County. ‘

Free Money Wisdom published Making Term Life Insurance a Worthwhile Investment saying, ‘Is life insurance really worth it?  Instead of treating it like a burden, why not treat it like an investment?  Life insurance is important.’

Work Save Live published Pros and Cons of Online Banks , saying, ‘What is an Online Bank? An online bank is much of what it sounds like. It is a bank (in most terms that we classify the “normal” banks) that you access and utilize online. ‘

Learn Bonds published Greek, China, and Europe News Prevents Stocks From Rising , saying, ‘US markets retreated on Wednesday as markets remain skeptical about Greece’s ability to stick to tough new measures imposed by EU leaders. ‘

Start Investing Money published Could You Invest in a Business? , saying, ‘This Post was Originally published at Could You Invest in a Business? on Start Investing MoneyWhen we think about investments we often think about stocks, shares and different forms of bank accounts. But what about investing in a business? Could this prove to be one of the best ways to invest your money for a good return in the future? What type of business should you invest in? ‘

Finance Fox published 5 Advantages of Comparing Products Online , saying, ‘Online comparison sites often open up their pages to comments from product users. Rather than relying solely on the claims from manufacturers, you have the ability to hear from people who have actually purchased and used these items in their homes. ‘

My Retirement Blog published 65 Things to do When You Retire , saying, ‘I recently received a copy of, 65 Things to Do When You Retire, 65 Notable Achievers on How to Make the Most of the Rest of Your Life to review. ‘

Financial God published A Frugal Manifesto , saying, ‘I have seen far too much hate for frugality and frugal people these days. I consider myself a frugal person, even though I don’t make my own toilet paper, soap, nor laundry detergent. Does being frugal mean that we all have to go to extremes? ‘

Married (with Debt) published Spend Less than You Earn , saying, ‘To spend less than you earn is the most important personal finance rule, and the hardest to master. Join us as we learn how and why. ‘

Personal Finance Journey published 5 Ways to Save Money at Starbucks , saying, ‘The latte factor is a term coined by financial author David Bach to describe daily, wasteful spending. For those of us trying to save more and lessen/consolidate debt, knowledge of the latte factor can cause a sense of guilt as we slyly shuffle into a Starbucks to spend our hard earned money. On the weekend, ‘

The Penny Hoarder published How to Save More Money & Play the Lottery for Free , saying, ‘My significant other and I rarely have disagreements over our finances, but the one spending habit that we disagree on is whether to play the lottery. I know it’s only a few bucks a week, but it irks me to throw money at what I believe is a waste. ‘

Young Family Finance published Creative Ways to Save on Your Wedding , saying, ‘Need creative ways to save money on your wedding? Here are a few ways that everyone needs to know as they prepare for their wedding day. ‘

Funancials published Fat Wallet Tuesday , saying, ‘Happy Mardi Gras to all! For those who aren’t familiar with this raging holiday, Mardi Gras is french for Fat Tuesday. Excluding the exchange of beads, there is a lesson to be learned here! Fat Tuesday refers to the practice of the last night of eating richer before the ritual fasting of Lent. ‘

Add Vodka published Individual Opportunity Costs , saying, ‘Everyone has a price. At work the other day, we were playing the ‘what if’ game, after a particularly horrifying happening on Fear Factor. It was along the lines of ‘Would you ever cheat?’ ‘

Gen Y Finances published The Saver’s Credit: Do You Qualify? , saying, ‘The saver’s credit allows low and moderate income workers take steps now to save for retirement and earn a tax credit at the same time. ‘

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