Personal Finance and Money Management

Welcome to Canadian Finance Blog and the Halloween edition of the Carnival of Money Stories! Lots of great personal stories about money this week. There were quite I few good posts submitted that unfortunately were not a money story so I couldn’t include them in the carnival.

Editor’s Picks

PT presents Meeting with a Fee-Only Certified Financial Planner, Part 2: Planning Session and Retirement Recommendations posted at PT Money.

Madison DuPaix presents My Evolving Credit Card Arbitrage Strategies posted at My Dollar Plan.

Crystal presents Our Costs with a Propane Grill posted at Budgeting In the Fun Stuff.

Donna Freedman presents The true and simple rules for house-sitting. pos

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One way I keep up with how well The Wisdom Journal is doing is by checking my rating on the Money Crasher’s “ultimate ranked list of the best personal finance blogs.” Many of my blogging friends are ranked there and many are ranked quite high! It’s good to have friends in high places!

Here are some of their great links for the week. Check ‘em out!

Dave Ramsey’s New House: Dave Ramsey recently bought a brand new house in an exclusive Tennessee neighborhood. Question is, did he pay cash as he so often preaches?

How To Become A CPA (Certified Public Accountant) – Do you like math and are thinking about becoming a CPA? Here is a sim

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Refinancing is an option that offers flexibility in providing cash in emergency, reducing bills etc. Many people think of it as a very simple process but they should know that refinancing is a rather costly and complex process. Mostly refinancing involves obtaining a new loan for this first time on very adjustable and favorable terms that pays off the remaining balance of your current mortgage.

Four Mistakes

1. The basic and very common mistake that borrowers make while considering refinancing is that they do not think of their situation or consider their future position.

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Credit cards are a necessary evil in the modern world. You need cards to book a flight, make reservations, pay bills, and to build credit. On the flip side, they can also devastate your credit rating if you are not careful.

Luckily, all you need to do to avoid problems is follow a few simple rules to use credit cards the right way. They are not secrets but the credit card companies don’t want you to know them because they help you save money, while costing them money.

If you follow these guidelines your credit will be safe: