The easy theme for the 176th edition of the CoDR is the Super Bowl . . . but I thought a little analysis of the American Recovery and Reinvestment Act of 2009 might be more in keeping with the over-all theme of debt reduction – in a perverse sort of way. There were several submissions to the carnival that did not make the final cut. Not because they were poor posts, but because they were a little off topic. We tried hard to stay on topic. Kind of like the federal government does with our tax money – it only spends money on items that are absolutely essential and if there is not enough revenue, the budget is reduced. Our political leaders subscribe to that great pillar of Debt Reduction: live within your means.
So, without further sarcasm:
$50 Million for the Arts:
MoneyNing tells us how to brighten the path to prosperity. I was shocked to learn that the path does not go through, around or near Washington D. C.
Wenchypoo is not a name that rolls off the tongue or sounds like it was the product of slick marketing, however Bail Yourself Out in 2009 had me jumping off the couch and yelling, “YES!” . . . at least in my mind.
The Personal Financier gives another part of the formula for success. Let me give an outstanding excerpt:
To really succeed you need to be a visionary, to be determined enough, to have a certain hunger and to be brave enough to follow your convictions. Naturally these have to be combined with intelligence, marketing and social intelligence, hard work and luck. The combination of these traits and circumstances is obviously rare.
None of the preceding bloggers seem to be waiting for the right guy to be elected president before they can improve their lives . . . hmmm . . .
$355 Million for STD prevention:
Pinyo at Moolanomy posted an article called Do It Yourself Debt Consolation. I would only quibble with him on one point – he suggests that you pay off high interest debts first – I recommend that you pay off your smallest debt first. You make the call.
You can compare two more competing strategies at Personal Finance Analyst: Pay Yourself Second, Pay Yourself Second. I’ve heard the opposite for years. You make the call.
I think FMF is trying to get a rise out of somebody over credit cards and Dave Ramsey. Crazy like a fox, that FMF guy. Eat Moose Tracks!
Debtkid blogs about the #1 reason you can’t get out of debt. You have to want it so bad you can taste it!
Patrick at the Military Finance Network summarizes all of personal finance blogdom in one post. Then he summarizes all of Dave Ramsey’s financial advice in one post at Cash Money Life. Next week, Patrick will be posting a summary of the IRS tax code in 1,000 words or less. Look for it.
$600 Million for green cars:
Speaking of cars, PT Money paid off his auto loan a couple of weeks ago. On his blog, he asks (and answers) the proverbial question, “Now what?”.
If your savings account APR has taken a beating recently, Money Blue Book Finance wants to help by posting the highest CD and Savings account rates nationwide.
Get a 0% interest credit card from Nickel at Credit Addict.
Harvesting Dollars talks though emergency fund basics. Wish I had one.
SimplyForties shows how to create a price book. The perfectionist in me loves the idea, but portion of my nature that is given to slot, breaks out in a cold sweat. A fascinating and detailed post.
M is for Money posts about the debt breaking point. I wonder if our government will ever reach its debt breaking point? If that every happens, I will feel sorry for those who depend on D.C. for food, education, health care, transportation, retirement, and contraceptives. Hopefully I will not be one of them.
$1.3 Billion for Amtrack:
Christian Money Mountain tells us how to sell your way out of debt. Not a bad idea, if you can find the buyers.
Raj Patel has the same idea and wants you to reduce clutter and debt at the same time.
I think that the Debt Freedom Fighter might not be fighting against debt, but rather might be fighting against debt freedom.
J. Money checks his online bank accounts often. I do too. I also check my retirement accounts all the time, despite the carnage of the last six months. I’m slightly obsessive compulsive.
Emily Green was the victim of a data breach. Shudder.
Finance Tips gives what I consider to be some really questionable advice.
$650 Million for analog to digital conversion:
Delightful Domestications gives some great coupon tips.
Since 0ur national theme seems to be give-aways. Leave a comment in the Christian PF forums before 2-5-09 and you could win a $25 iTune gift card.
The Sun Financial Diary posted a historical chart of savings account interest rates. The chart is not complete, so stop by and see if you can help.
The Savings Toolbox gives some suggestions for those of you who are expecting a tax refund this year.
Sam at Personal Finance Ology tells us why it might be advantageous to set up a Limited Liability Corporation. He just might have convinced me to do it.
Check out the Tallahassee Real Estate blog and find out what lis pendens means.
$1.3 Trillion final price tag with interest:
I would like someone in Congress to read Ryan Healy’s Blinding Light of Debt from the floor of the Senate. Tomorrow.
The Silicon Valley Blogger (on whom I have a cyber-crush) reviewed The Ultimate Cheapskate’s Road Map to Riches and the author of the book stopped by and left a comment. A solid review, check out the book.
Darwin predicts how our children and grandchildren will view us. I think he is mostly right.
The Smarter Wallet suggests some ways to keep your wallet full and still fill up your stomach.
That’s it. That’s the list.
Call your congressman and tell him to vote “no” on more government spending.