In honor of Independence Day in the United States, this week’s Money Hacks Carnival focuses on declaring financial independence (or at least on letting your money work for you rather than you working for it.) Here are financial tidbits from our founding fathers, who knew a thing or two about managing money, and modern bloggers who are well on their way to independence. Knowing you want it is the first step.

Editor’s Picks:
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
– John Adams

In the Limelight paid off $15,000 in debt in six months. Way to go!

Bargaineering explains how to buy gas at Costco even if you’re not a member.

Ask Mr. Credit Card discusses smart financial moves that will hurt your credit score Which is the best choice in that situation?

Cash Money Life shares how to take advantage of the Netflix free trial.

Our Four Pence Worth uses additions to his family’s Monopoly game to teach his kids about money.

I’d rather go to bed without supper than rise in debt. –  Ben Franklin

Until Debt Do Us Part offers helpful advice for overcoming your debt problem with small steps.

Budgets Are Sexy brags about how awesome it feels to be free from credit card debt and gives tips for accomplishing that feat.

My Dollar Plan shares the perfect 10-year mortgage

Money Sense tells how you to avoid loan scams.

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

Passive Family Income recommends buying GE stock to create new income stream.

Dividend Growth Investor explores investing in Canadian royalty trusts.

Money Under 30 shares four lessons he learned while working at Starbucks, all of which can help you get ahead in your job. 

Money Blue Book explains how to milk Countrywide’s 2% cash back rewards program.

The Digerati Life reveals 5 ways entrepreneurs can help your business

Harvesting Dollars wonders if an MBA is really worth it

The Shark Investor reveals how DIY projects can be an alternative source of income. 

Terry Dean tells you how to avoid internet money-making scams.

Never spend your money before you have earned it.
 Thomas Jefferson

Free Money Finance offers financial advice to his younger self.

Blue Jeans Millionaire has these tips for the true credit card addict.

Daily Money Hack suggests buying a small wedding cake to reduce your wedding costs.

SarahSpy reveals her methods for eating really well on the cheap

Chief Family Officer suggests you start your holiday shopping now if you want to save money.

Save and Conquer hates rebates, but realizes that sometimes they’re worth it.

Penny Jobs explains how she used her stimulus check to earn an extra $180.

Free From Broke shares money saving tips from his family’s Disney World vacation

Be This Way explains how she’s saving money this summer.

Funny About Money analyzes the costs and benefits of making your own dog food.

Greener Pastures offers a humorous look at the difficulties of frugality.

The Q Family Adventure explores various methods for saving money on organic products.

Increased Revenue demonstrates how much money you can save by carpooling.

Art of the Coupon explains how to make your own cheap cleaning products

Financial Independence
The class of citizens who provide at once their own food and their own raiment, may be viewed as the most truly independent and happy. – James Madison

Living Off Dividends explains how to save a fortune by buying electronics batteries online.

$aving to Invest discusses the 10.1 million millionaires now occupying the planet.

Becoming and Staying Debt Free wonders what financial independence really means.

Effortless Abundance offers four rules for effortless investing

The Writer’s Coin debates dollar cost averaging in your Roth IRA contributions.

Financial Planning
All that seems indispensible in stating the account between the dead and the living, is to see that the debts against the latter do not exceed the advances made by the former.
– James Madison

K.C. Lau’s Money Tips explains how to create a personal assets inventory, including a will.

Living Almost Large analyzes the broad suggestion that most people need $1 million to retire.

My Retirement Blog explains how to restart the social security clock.

Dreaming of Ferraris shares her method for remaining focused on her current financial goal: turning her convertible into a coupe.

Personal Finance Basics details how to get started with investing.

Can I Get Rich on a Salary tells you how to teach yourself the art of investing.


Currency Trading explores 8 ways the Bush administration caused high gas prices.

Personal Finance Analyst writes an open letter to Exxon about the recent Exxon Valdez decision.

The Personal Financier offers 5 things to do with yesterday’s business paper.

I hope you enjoyed this week’s carnival. Be sure to submit your posts for next week’s carnival, hosted by David Makes Cents.<–><–>


23 Responses to “Money Hacks Carnival #19: The Independence Edition”

  1. Personal Finance Buzz on July 2nd, 2008 8:07 am

    Personal Finance Buzz…

    Your story was featured in Personal Finance Buzz! Please visit and promote your article….

  2. FFB on July 2nd, 2008 9:13 am

    Thanks for hosting!

  3. Greener Pastures on July 2nd, 2008 9:14 am

    Thank you for including my article! nice quotes here, too!


  4. Funny about Money on July 2nd, 2008 9:22 am

    Great quotes! Especially love John Adams.

    Thank you for including Funny’s squib on making your own dog food. Will link back to the carnival as soon as I get home from work! :-)

  5. passivefamilyincome on July 2nd, 2008 9:23 am

    Thanks for including my article and hosting this week’s carnival!

  6. Bryce @ SaveAndConquer on July 2nd, 2008 11:44 am

    Thanks for hosting and for including my post. Thomas Jefferson’s quote is so true!

  7. Patrick on July 2nd, 2008 12:37 pm

    Thanks for hosting and including my article as an editor’s pick.

    Sweet theme, by the way. I love the quotes! :)

  8. Penelope @ Our Fourpence Worth on July 2nd, 2008 4:55 pm

    Thanks for hosting and for choosing our Monopoly Expansion as Editor’s Pick!


  9. Curt on July 2nd, 2008 9:30 pm

    Great job with the carnival. Thanks for including my article.

  10. The Writer’s Coin » Blog Archive » Timing Your Roth IRA Contributions on July 3rd, 2008 4:06 am

    [...] post has been included in the Money Hacks Carnival over at Sound Money Matters. Be sure to go over there and check out the other great [...]

  11. Carnivals of the Week | LivingAlmostLarge on July 3rd, 2008 11:28 am

    [...] network I joined is the Money Hacks and here’s the 19th Carnival of Money Hacks @ Sound Money [...]

  12. July 2008 Finance and Frugality Blog Carnivals | Our Fourpence Worth on July 3rd, 2008 6:16 pm

    [...] 2, 2008 Money Hacks Carnival #19: The Independence Edition (Editor’s Pick – double thanks!) Article: [...]

  13. Weekly Round-Up Independence Day Edition on July 6th, 2008 8:24 am

    [...] Money Hacks Carnival #19: The Independence Edition was hosted at Sound Money Matters. My article, Netflix free trial, was included. addthis_url = [...]

  14. Carnival Round-Up - #1 | Personal Finance Analyst on July 6th, 2008 9:29 am

    [...] Money Hacks Carnival #19 (The Independence Edition) was hosted by Sound Money Matters and you can find our post entitled Dear Exxon: Thoughts on the Exxon Valdez Decision listed [...]

  15. Get Disability Insurance, Bring Down Credit Card Debt @ The Roundup on July 6th, 2008 10:44 am

    [...] Money Hacks Carnival #19, Independence Edition [...]

  16. The Writer’s Coin » Blog Archive » Writing Today on July 7th, 2008 4:36 am

    [...] was in the Just Write Carnival and my post on dollar-cost averaging for your Roth IRA was in the Money Hacks Carnival. So writing and personal finance both were featured, which makes me feel better about not posting [...]

  17. Festive Link Love Carnivality #16 | Free From Broke on July 7th, 2008 12:02 pm

    [...] Money Hacks Carnival #19 – The Independence Edition was hosted by Sound Money Matters.  Go check out my post Our Disney World Vacation. [...]

  18. PFI Weekly Updates - July 8 (2008) | Passive Family Income on July 8th, 2008 4:30 am

    [...] 2, 2008 – I had a post included in the Money Hacks Carnival #19: The Independence Edition hosted by Sound Money Matters. I would like to thank Sound Money Matters for including my post – [...]

  19. The Tuesday After Vacation Monday Linklet « Are You Going To Be This Way The Rest of The Time I Know You? on July 8th, 2008 1:33 pm

    [...] Money Hacks Carnival was hosted at Sound Money Matters this week and and also included the article You Know What I Did [...]

  20. Amy @ The Q Family on July 9th, 2008 7:55 am

    Great round up and great quotes! Thank you for including my post.

    I have posted about my participation here.

  21. Money Hacks Carnival #19: The Independence Edition | Money Hackers Network on July 29th, 2008 4:15 am

    [...] Money Hacks Carnival #19 was hosted at Sound Money Matters. This “The Independence Edition” focuses on declaring financial independence. Here are the [...]

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