Carnival of Personal Finance #163 - “Quotable Quotes” | YNAB

Carnival of Personal Finance #163 - “Quotable Quotes”

Quotable Quotes

Welcome to the 163rd Carnival of Personal Finance! This week’s theme is “Benjamin Franklin’s Quotable Quotes”.

You Need A Budget (YNAB) is thrilled to be hosting this week’s carnival. Since 2004, this site has been dedicated to getting the world on a budget, one person at a time — but I truly love all things personal finance, which means I absolutely loved this week’s best from the personal finance blogosphere.

Editor’s Picks

Madison from MyDollarPlan quit her job because she, “lined up all [her] priorities in life and work fell off at the bottom.” I think the big key to her being able to prioritize work off her list was because she’s been working a plan for a long time now. You go Madison!

VH from Funny About Money wins for the Killer Quotable Quote in “Dealin’ with the Devil”: “I would suggest that far from being un-American, putting the brakes on your spending impulses and shucking off as much debt as you possibly can is the best thing you can do for your country.” Zing!

I read Russ’ submission and immediately subscribed to his RSS feed. A takeaway from his great piece on Risk and Return: “regarding risk and return, the question shouldn’t be which came first? The most important question is how can I manage my risks while still participating in the returns?”

And yes, we’re biased around here, so we’re kicking it off with the stuff about budgeting (Oh, by the way, I quit budgeting last week).


If you know how to spend less than you get, you have the philosopher’s stone.

7 Millionaires … In Training! thinks you need to think again if you’re of the opinion that 100k means you’re ‘rich’.

LivingAlmostLarge comments on 7 ways to stay poor.

To Be Debt Free asks the tough question: How Deep is the Hole You’re In?.


It is the working man who is the happy man. It is the idle man who is the miserable man.

FMF from Free Money Finance says his Blackberry makes him more productive on the job.

Andy from Saving to Invest points to 21 Signs that you are losing interest in your job .


Creditors have better memories than debtors.

American Consumer News exposes 5 Untruths About Your Credit Report.

Debt Freedom Fighter provides 3 Credit Card Tricks that Keep More Money In Your Pocket.

Ask Mr Credit Card answers the question: Does Paying My Credit Card Bill Before the Statement Raise My Score?.


If you would know the value of money, go and try to borrow some.

The Happy Rock is thinking about selling the car to accelerate debt reduction [Editor’s note: go for it! what have you got lose? :)]

Dan Ray from Taking Charge noticed Title Loan Ads on a Chicago Tribune Title Loan Exposé piece.. Do you smell the irony?

Dana from Not Made Of Money lays out the strong logic in how to Break the Cycle of Car Payments.

Anthony Luafalealo from Amateur Economists thinks loan modifications just add salt to the wound.


Any society that would give up a little liberty to gain a little security will deserve neither and lose both.

Curt from presents a humor piece on How to Determine When We Are In A Recession From Your Neighbors.

Kyle from Amateur Asset Allocator sheds some light on Common Misconceptions About Government Statistics.

Bryce from Save and Conquer explains how a run on the bank can happen.

FiveCentNickel did a nice piece: The Federal Minimum Wage: Looking Back Over Time.

The Personal Financier writes: On the Psychological Effects of Ownership and Overpricing (Sellers tend to overprice their assets to include the pain of having to let go). Very interesting read!

Lisa Spinelli from Greener Pastures makes the case that Cash for Clunkers helps the economy and the environment.

Free From Broke outlines Recession Or Not – The Challenge The Fed And Our Economy Has.


Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones. gives the GrigsbyCo Retro Post: What Truly Is Financial Freedom?

J2R from Journey2Retirement presents Be honest with your finances, even if they’re bad.

Broke Grad Student asks whether we’re ready for a cashless society.

Money Answer Guy gives 5 Mistakes to Avoid When Buying a Car From a Dealership.

Pete from Bible Money Matters presents Another stimulus check? Maybe, but why not just create your own? (talks about a possible second stimulus check, and then talks about why you might want to just create your own supplemental income.)

JS from Smart Money Daily states: I wish I had married for money, not love.

Bob Vineyard, CLU from InsureBlog presents With This Ring, I Thee Insure. We’ve all heard about marrying for looks or money, but insurance?! InsureBlog’s Bob Vineyard reports on couples who think they’re forced to do just that.

Jim from Blueprint for Financial Prosperity is telling you to Beware False Indicators of Bank Health.

Squawkfox wrote an interesting piece: Cars Are the New Smoking. Can the costs of SUVs be compared to smoking?


Our necessities never equal our wants.

Daily Money Hack provides some great information on COBRA with COBRA Health Insurance Hack: Pay Only If Needed.

DJ from The Family Wallet presents Turn Closet Cleaning into Cash.

Fitz Villafuerte from Ready To Be Rich presents Simple and Practical Ways To Save Money On Clothing [Editor’s Note: Hide the money from your wife?]

Dave from Money Under 30 presents Five Frugal Travel Secrets.

Grey from Frugal Fu says A Consumer Awakes!

MoneyReasons shares some money saving tips you probably haven’t seen before with Saving money in the Library.

Sean Lewis from The Money Saving Blog presents 25 Ways to be Tech-Savvy but Frugal. (This is a great read if you’re into the tech stuff but, uh, have a budget).


An investment in knowledge pays the best interest.

Todd from Harvesting Dollars makes a great case for Spreading Out Your 401K Investments Throughout The Year.

Megan from Counting My Pennies asks: Who Should Get Your Retirement Money?.

Dividend Growth Investor shares his Dividend Growth Plan Strategy.

The Dividend Guy cautions against loading up on company stock just because of the match.

Money Management

The use of money is all the advantage there is in having it.

AJC takes issue with paying your mortgage off as quickly as you can. (Dave Ramsey followers beware).

Saving Advice presents God and Money: Prayer Won’t Fix People’s Finances. If you’re up for a lively debate, you’ll want to head here.

The Financial Blogger manages to tie in the new Batman Movie with The Dark knight Money Management Approach. It’s a nice twist.

Budgets are Sexy gives My 4 Favorite Pieces of Financial Advice E-V-E-R.. There are some gems in here!

Tanesha Morgan from Personal Finance Analyst presents LifeLock Identity Theft Protection – Savior or Fraud?.

mbhunter from Mighty Bargain Hunter presents Can you handle the financial truth?, and says, “Sometimes is takes someone raking you over the coals to make a real change …”

Shadox from Money and Such presents iPhone and the Road to Financial Ruin, and says, “The long lines for iPhones are the road to financial ruin for many Americans. Not because the iPhone is not a great phone, but because folks just seem unable to control themselves.

Ashley from Wide Open Wallet shares Green Living: Solar Power.

Glblguy from Gather Little by Little presents Personal Finance Kata. (I had to look it up too).

Kevin from No Debt Plan presents The No Debt Plan: Step Five: Revisit Your Goals and Budget, and says, “Once you’re out of debt, you need to reassess where you’re at before moving forward.”

Patrick from Cash Money Life says the first step to becoming a millionaire is to earn some money.

RC from Think Your Way To Wealth presents 7 Safe and Smart Money Moves for Unstable Economic Times. (This is a great read).


MoneyNing (David) from Personal Finance Blog by Money Ning presents An Intro to Passive Income, and says, “Passive income, we all love it but seldom know how to make it.

So Cal Savvy from So Cal Savvy presents Going to the chapel of thrifty love.

Jennifer Lynn from Broke-Ass Student explains Why A Smile Is Your Most Valuable Asset.

Real Estate

Dan Melson from Searchlight Crusade presents What Does It Mean To Fall Out Of Escrow?.

Blair Benjamin from Asset Almanac presents Housing Bill: New Help for First Time Home Buyers.

Money from Moneymonk warns that a large house could threaten your financial future.

Peter Harrington from Money Management And You! talks about Diversifying With Real Estate.


Silicon Valley Blogger from The Digerati Life presents Mint and Wesabe: Online Personal Finance Tools Are Gaining Ground.


A penny saved is a penny earned.

Del from Fiscal Liberty presents How To Change Yourself from a Spender to a Saver.

Dan from Everyday Finance talks about saving money by avoiding convenience.

Bob from Christian Financial Help shares the most important organic fruits and veggies.

Penelope Pince from Our Fourpence Worth presents How to Save Gas and Time with Google Maps. This is a great article about re-routing, mapping, etc. — Very cool!

Super Saver from My Wealth Builder presents Are My Bank Deposits Insured by the FDIC?.

Fred from Smart Savings 101 presents 10 Tips to Save Money on Gas.


In this world nothing can be said to be certain, except death and taxes.

Michael from Beyond Paycheck to Paycheck asks, “Can I lower my tax withholdings?”.

Kay from Don’t Mess With Taxes presents Sales tax holidays on tap, and says, “Attention shoppers! More than two dozen jurisdictions are waiving sales taxes on purchases this coming weekend.”

There were tons of great submissions this week. Thanks so much for participating and thanks especially for letting YNAB host!