The Banana Roundup : Week 25

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Editor’s Note : I will be posting a weekly roundup of postings on personal finance topics I enjoyed reading in the personal finance blogosphere. These bloggers can be found my Blogroll page. Whenever possible, if I come across a new one I like, I will add them to the Blogroll and try to include them in my roundup.

The Wealth, Money & Life Network

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Dividends4Life presents us with The Dark Side of Dividends which is all true. When it comes to taxes, I like to remind myself that I am still making money, even if some of it is given away to taxes, at least it is money I do not have to work for.

Dollar Frugal explains How Things Work Without A Budget which is pretty much similar to my approach but not quite the same.

Her Every Cent Counts is Back From Israel, How’d the bank account fare? It can be nerve-wracking to be away on vacation and not have any income coming in while on vacation. This is one of the reasons why having a permanent position with an employer that offers Paid Time Off (vacation time) is popular. It is also another reason to learn how to budget in advance so that everything you need to pay for is covered for.

How I Save Money posted an excellent post about Baz Over Budget. This is an excellent example of how using a financial software to help track your monthly expenses. I use the same software and I really like seeing where I am spending more than usual on and what I can do to trim those expenses next time as well as trim other expenses I can live without this month in order to come under budget.

Living Off Dividends talks about How To Manage Multiple Businesses which is fairly easy to do as long as you understand it is in your best interest to participate to a degree where you can be assured you have income coming in since other people will be really managing the business for you. That is what being an owner is all about.

Saving for a Home of My Own talks about New Brakes on her car. Now that I have a car and an emergency fund, I know where to put the extra cash I need when eventually I will find myself doing minor repairs on my car such as brakes, oil changes, etc… After years of just winging it on my old cars and getting fustrated with repair costs, I am taking a proactive approach.

Elsewhere in the PF Blogosphere…

Cash Money Life talks about Think Twice Before Cancelling Credit Cards which is important to know. For a long time, my credit score was pretty low because I closed my accounts years ago and when I recently checked on my score after almost a year of having a secured credit card, my scores jumped big time. The important thing is to utilize it, it is not a matter of not using it, but even just using it for $100 a month keeps your history active.

MoneyNing talks about How I Started Buying My First Stock. I have to agree with the importance of doing research. I have been studying up on stocks lately and notice how much more I know about stocks now than before, especially in regards to dividends, and the “buy low, sell high” concept with the wild ride on the stock market lately.

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  1. The Prodigal Monkey Has Returned to Personal Finance!!! : Personal Finance
  1. you’re right, it’s important to utilize at least some of your credit each month to remain current and keep your score high. Thanks for the mention, Mark. :)
    Patrick’s last blog post..Weekly Roundup - It’s Officially Summer Edition

  2. Thanks for the mention!

    Best Wishes,
    D4L

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