Moolanomy weekly roundup #15: “Habits” edition
November 4, 2007 by Pinyo.
As you can see, I have adjusted my sidebar a little and split it in two halves — I hope you like the new design. I wonder what the original template designer think about all the changes I have made so far. I will be hosting the Carnival of Money Stories #33 on November 6th, and I look forward to your submission. Now for the roundup…
The Roundup:
This week roundup is about fighting the inner demon called Habit — no, not Hobbit.
- Slipping back into bad habits….ALMOST! @ Single Guy Money –I’ve got one of those Blackberry phone from work, and I can tell you that you are not missing much. It’s like being on-call 24/7.
- Old Habits Sure Do Die Hard @ Gather Little By Little — I agree that old habits die hard (that’s why it’s called habits).
- How to Develop the Habit of Spending Less Than You Make @ The Dough Roller — Excellent list of 7 suggestions to help us develop the good habit of spending less than we earn.
- Frugality by way of procrastination @ Stacking Pennies — Sasha turns her habit of procrastination into something positive.
- Will You Spoil Your Children If You Give Them Substantial Economic Gifts? @ Money, Matter, and More Musings — Great post about financial responsibility, and how parents can influence financial habits (good or bad) in their children.
From the M-Network and my Readers:
- Debt Free and Giving @ DebtFREE-Revolution — Ana reveals her aspiration “Once I do become debt free AND graduate from pharmacy school, it is my intention to set up not just one but TWO scholarships: one for the four year school I am currently attending - Austin Peay State University - and one for the pharmacy school I will attend, which I have not yet selected.” That’s huge — go Ana!
- An investment property should “wash its face” @ Plonkee Money – Great point about buying rental properties. I was thinking about buying a rental property recently, but it doesn’t make sense because the mortgage is so expensive that I have to pay out-of-pocket each month.
- Why Real Estate Investment? @ TheLocoMono – A good post about income streams; and specifically Real Estate investment. While I think it’s okay to get inspiration from Mr. Kiyosaki’s books, I would caution reader to get the “how to” from elsewhere.
- Can a Camel fit through a Needle? @ Christian PF — an interesting look at a verse from the Bible.
- It hit me like a ton of bricks @ Being Frugal – Lynnae reveals what these words written by Trent at The Simple Dollar meant to her: “Every time you spend a dollar, you sacrifice a bit of your future.“
- HSA As a Retirement Account? @ I’ve Paid For This Twice Already… — Wow, I really misunderstood HSA when I did my open enrollment. Good thing I still have a few days left, and still have some time to do more research on HSA.
- Getting a HSA Account? @ The Sun’s Financial Diary — Another good post about HSA.
- Why You Should Avoid Bankruptcy When You Spend Yourself Into Debt @ My Two Dollars — Some good advice for people who overspend and are thinking about bankruptcy as an out.
- New Month - New Challenge. The “Reduce a Bill” Challenge Continues… @ Working For Financial Freedom – There’s an interesting challenge going on at Working For Financial Freedom. I think I am going to jump in and write about how we are reducing our combined Cable, Internet, and Telephone bill this month. Watch out for this post in a few days.
- If You Want a Lower Interest Rate, Just Ask @ Credit Help — Good idea. We are also supporting the Credit Rate Reduction Rally. Please join us and get your interest rate reduced!
- Why buy a 10-year CD? @ Jumbo CD Investments — My short attention span would never allow me to invest in 10-year CD, but this is a great primer post.
- Is There Anything Wrong With Taking Full Advantage of a Generous Return Policy? @ Money Blue Book — A blogger pushing return policy to the extreme — not illegal, not against the return policy, and not for me either.
Carnivals I participated in this week:
- Why Do You Work So Hard? was featured in the Carnival of Money Stories #32 hosted by The Baglady.
- Mutual Fund Double Whammy was featured in the Festival of Stocks hosted by Financial Alchemist.
- Does Your Family Have An Emergency Plan? was featured in the Carnival of Personal Finance #124 hosted by Millionaire Mommy Next Door.
- Money Lesson #4: Choosing the Right Tool for the Job was featured in the Festival of Under 30 Finances! Halloween edition hosted by How to Make a Million Dollars
Thanks for the link Pinyo. Love the new layout!
Thanks for the shout, Pinyo. I agree with you on exercising caution with Mr. Kiyosaki’s work. As with any type of business, one must always exercise caution when it comes to heeding advice. Always educate yourself in all matters, build a team of mentors and support, and where applicable, enlist the services of the knowledgeable specialists in their fields — i.e., a lawyer in real estate versus a lawyer in medical practice, and so on…
@glblguy - You’re welcome and thank you!
@Mark - No problem. Great point about following advice and enlisting help.
I particuarly enjoyed reading “How to Develop the Habit of Spending Less Than You Make” @ the Dough Roller, I think that it makes some excellent points. I also think that habit is one of the biggest reasons that many of us fail to save money regularly, because we become happy with how things are.