Friday Finance Followers – March Mayhem Edition


March basketball is typically referred to as March Madness, I think we can officially dub this year “March Mayhem.” Mayhem, is defined by, as “a state of rowdy disorder.” For anyone who picked a bracket this year, odds are you are seeing a lot of red. Upsets abound and with Syracuse losing last night I officially have only one of my final four picks are still in the running. I freely admit I am no basketball guru and only follow Tennessee and Syracuse basketball. I still thought I would do better picking than I did. This is why I don’t gamble, I suck at it. Here is this weeks links to give you something else to think about:

@EverydayFinance wants to know why you are splitting hairs if you are getting ahead. It is an interesting article about not getting mired down in the details of why/how you should do something and just start doing it. This doesn’t make sense in a lot of situations but the examples given make perfect sense. If you want to start getting out of debt, start getting out of debt, worry about which one first once you are already going.

@Ctreit submitted an article “yippee, we got a tax refund.” This brings up the age old question on whether or not it is better to have a tax refund or to owe nothing. A tax refund essentially means you loaned money to the government interest free. Now I know they need it but what could you have  done with that money had you held on to it during the year.

@MrsMicah discusses 27 business tools for freelancers. While I am not a freelancer I do use some of these tools. I use DropBox to sync all of my business files between my desktop and netbook. It is the one thing I couldn’t live without. Mrs Micah left off one system I use for business accounting, GNUCash. It is free and handles AP and AR, as well as a lot of other business stuff I don’t even bother with.

@CashMoneyLife talked about Mortgage Life Insurance. I used to work for a mortgage company and these policies were cash cows for the company. The basic term insurance you can get for the same cost is way better than anything you can get as a mortgage policy. The fact that the payout decreases but the payment doesn’t only benefits the policy holder so skip these and get a term policy.


Carnival of Personal Finance

Carnival of Money Stories

Money Hacks Carnival

On Monday I will be hosting the Carnival of Money Stories so get your submissions in now! Also please only send stories, I am pretty strict and will not include your article if it doesn’t meet the criteria.


1 Ryan March 26, 2010 at 8:11 am

I’m not much of a basketball fan – I like to watch, but I don’t have any vested interest in the outcome. So I love a good upset. It’s fun to watch everyone’s reactions. 🙂

Thanks for the mention, Kyle!
.-= Ryan´s last blog ..How To Successfully Work From Home =-.

2 Mrs. Micah March 26, 2010 at 9:28 am

Hmm, I’d forgotten about GNU cash, maybe I should add it. It’s a good system, but I didn’t find it working for me.

3 moneyhoneysf March 26, 2010 at 5:46 pm

Totally. half of the #1 seeds are gone.

I’m in a Big Dance pool here with my coworkers. So far, my picks are not looking too good although I have Kentucky winning it all.

To my surprise, our St. Mary Gaels from across the Bay are still in it.
.-= moneyhoneysf´s last blog ..Costco Auto Program =-.

4 Stephen March 26, 2010 at 8:49 pm

I’m still devastated from the Maryland buzzer beater loss to Michigan State. I feel like I need to lie down on a couch and talk to someone.
.-= Stephen´s last blog ..When to Work With a Venture Capitalist =-.

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