I am glad to announce the second edition of The Money Mail Carnival. The second edition saw submissions from many more bloggers than the first edition and I am excited to see the carnival grow in this fashion. I want to thank all of you who submitted their post to the carnival and also to those who will link to the carnival and promote it on social media.

Post of the week

Kathleen @ Frugal Portland writes: Things I believe as of my 31st birthday. See post My personal philosophy at age 31

The Money Mail Featured Post

This week the focus was on saving tips and Roth IRA. Income and Contribution limits of Roth IRA and a reminder to contribute to your 2012 Roth IRA account is the featured post for the week.

Carnival Links

Matthew Allen @ The Pay Off Credit Card Network writes: To be sure, owning a credit card has many risks and pitfalls. If you don’t know what these are, which is exactly the case with most young adults, you will get trapped and stuck in the credit card rat race. See post Why You Should Avoid Credit Card Debt as a Young Adult.

Mr. CBB @ Canadian Budget Binder writes: There’s an old saying from northern England that’s quite appropriate at this point, “Where’s there’s muck there’s brass“….put quite simply, where’s there’s crap there’s money!In fact if you add a good mixture of ingredients into your compost heap and let it rot down properly you’ll have something just as good if not better than what you can buy in the store. Sure, you can buy soil for $0.99 a bag but it’s terrible, trust me I’ve bought it and regretted it. What I get from the compost heap is top quality well-rotted compost that would cost you $4.00-$5.00 a bag but I get it for free. See post Turning Leaves Into Compost-Where There;s Muck There’s Brass

Glen Craig @ Free From Broke writes: The fiscal cliff is coming, the fiscal cliff is coming! Is the so called tax cliff the impending doom many think it is? See what the fiscal tax cliff is all about. See post Are You Ready to Fall Off the Fiscal Cliff? What You Need to Know if the Bush Tax Cuts Expire

EEMusings  @ NZ Muse writes: Shopping online isn’t always such a good deal when you live outside the US.. See post Online shopping: a New Zealand perspective.

Glen @ Credit Card Smarts writes Credit Card vs. Charge Card: What’s the Difference? – We tend to forget that credit cards and charge cards are different animals. Even though they are similar you need to know what makes each different.

Wealth Effect Blogger @ www.YourWealthEffect.com writes The Debate Over Where Inflation is Headed – Predictions range from deflation, to little to no change in prices to hyperinflation and everywhere in between.

Jessica Moorhouse  @ Mo’ Money Mo’ Houses writes: Do you spend $5 daily or weekly at Starbucks but have trouble buying music when you know you can get it for free? What does this really say about what you value in life? See post What Do Our Spending Choices Say About Our Values?

Harry Campbell @ Your Personal Finance Pro writes Do You Invest in Expensive Kitchen Knives? A Review of my Shun Chef’s Knife – If you’ve ever been around someone who loves to cook, you’re probably already familiar with the names Shun or Wusthof. They are two of the top knife-manufacturers in the world and most professional chefs carry one or the other. These knives may be top of the line, but so is their price tag. Most knives in this elite category can cost you upwards of $150(for a single knife, if you find a good deal). Meanwhile, you can get a solid set of knives for around $30(I purchased this set 3 years a

Deacon @ Well Kept Wallet writes Top 10 Business Quotes – So much can be learned from those who have been successful in business. Here is a list of the top ten best quotes about business.

Bryan Maltier @ Gajizmo.com – Personal Finance writes Best Home Insurance Coverage, Companies, Quotes and Rates – Learn about the different types of homeowners insurance policies and coverage options, what each covers and how it will protect you, your family, and assets during specific circumstances.Then, consumers will get tips on how to lower their rates.

Evan @ My Journey to Millions writes November 2012 Net Worth Update – From October 2012 to November 2012 my net worth “increased” .28% Year to Date my net worth has increased 37.54% From January 2011 to October 2012 my net worth has increased 137.63%

Miss T. @ Prairie Eco Thrifter writes Reader’s Question: How to Deal with Your Partner’s Family’s Financial Situation – I sometimes wonder why we put up with situations within our families that we wouldn’t even consider if the same thing happened with a stranger.

Jason @ Live Real Now writes Repo Man – The repo process varies by state, but the basics don’t change much. The loan holder can file for repossession as soon as the loan agreement is broken. They can repossess with no notice and the borrower is on the hook for the difference between what’s owed and twhat’s recovered during resale. If you get to the point of repossession, you are out of options.

Joe @ Midlife Finance writes Using Your Age To Your Advantage – It’s easy to let inner uncertainties stand in the way of a new direction in your life, especially if you’ve gone past the ‘middle’ point, Truth be told, though, age can actually work to your advantage.

Steve @ Ready To Quit My Job! writes Dealing With An Abrasive Boss – You’ve got more experience now; why not put it to good use? Go back to school for what you really want to be doing. Switch departments. Cross-transfer. Or look elsewhere.

Teacher Man @ My University Money writes How Much Should I Get In Student Loans? – Most young students that I remember figured that whatever “free money” the government was willing to give loan them was ok by them and defaulted to taking the maximum student loan possible. Consequently, for many people who want to give students advice, the question becomes not, ‘How much CAN I get with student loans?” but rather, “How much SHOULD I get with student loans?”

Young @ Young And Thrifty writes When You Suck At Democracy It’s No Fun – “It has been said that democracy is the worst form of government except all the others that have been tried.”

Edward @ Modest Money writes Saving Money By Making Homemade – Recently, I embarked on a quest. Instead of getting ideas from other personal finance bloggers, I wanted to get the opinions of average people on the topic of frugality. I started asking friends and coworkers one simple question: what is your favorite way of saving money?

Mr. Money @ Smart on Money writes Keeping Sight of Your Retirement Goals – Sometimes, it can be hard to look beyond what is happening right now and see the big picture of the future. It can be easy to forget long-term benefits as we look at short-term possibilities. However, if you want to reach your goal of a successful retirement, you need to remember the long-term, and spend some time focusing on the big picture things.

Peter @ Bible Money Matters writes Myths and Misconceptions About the 529 College Savings Plan – While 529 accounts have been around since the 1990s, there are still quite a few misconceptions that people have about 529s, and it can prevent them from maximizing their savings in the long run. So today, we’re going to look at a few myths about 529 college savings plans.

Lazy Man @ Lazy Man and Money writes How Much Is Your Vote Worth? – I’ll pass on this cool tool to see what your vote is worth online. The tool asks you a few questions and determines how much your vote is worth considering the billions that the candidates are spending online. My non-swing state vote in California is worth $21. As usual my wife has bested me… her vote is worth $38.

Marie at Family Money Values @ Family Money Values writes Six Reasons to Work in a Small Company – In this presidential election year, there is enormous focus on adding jobs to the economy. Many of those jobs come via new businesses – start up companies. Pretty much all of these start up companies are small. If we are successful in providing the environment in which these new businesses thrive, then you may very well have an opportunity to work in a small company – but should you? Here are six reasons you might want to work in a small company.

Matt @ Living in Financial Excellence writes Apparently I Don’t Borrow Enough – One day after applying for our mortgage, I got a courtesy letter from the bank – the letter was simply informing us that the bank had reviewed our credit history and that everything was ok. Our credit score (which I’ve never really worried much about) was in the mid 700′s. That meant we qualified for the best mortgage rate the bank had to offer. But then the letter got funny. It proceeded to tell me that there were some things I could do to improve my score.

Investor Junkie @ Investor Junkie writes What Is Behavioral Finance? – Behavioral finance is all about trying to understand biases in human behavior when it comes to money. By extension, the personal decisions that people make about money can be extended to influence the economy.

J.P. @ Novel Investor writes Bond Market Forecast: The Interest Rate Paradox – For the past four years investors have searched for higher yield as the Fed pushed rates lower to spur economic growth. But it won’t last forever.

Melissa @ Bargaineering writes 5 Ways to Make Extra Money this Holiday Season – If you are searching for ways to make extra money this holiday season, consider some of these ideas:

John S @ Frugal Rules writes You Won’t Reach Retirement Without Saving for It – Saving for retirement is not something that happens overnight. It requires discipline and a commitment to saving money.

Derek Knight @ Freeat33 writes What is the REAL value of those sneakers? – People can learn this simple trick to saving. Just assign a time value to every purchase. Let me show you how!

Bob @ ChristianPF writes The 10 Best Adoption-Friendly Workplaces of 2012 – November is National Adoption Month, and the Dave Thomas Foundation for Adoption recently released its list of the Best Adoption-Friendly Workplaces in 2012, highlighting the 100 employers in America that offer the best adoption benefits to their employees.

FMF @ Free Money Finance writes Our Trip to DC (And a Few Ways to Save) – From October 12 to October 17 our family took a trip to Washington, DC. I thought I’d share with you what we did, the financial impact of the trip, and a few savings tips we picked up along the way.

Mich @ BeatingTheIndex writes Renegade Petroleum Shifts from Growth to Yield – A new dividend paying corporation will be available to investors. Renegade Petroleum is a junior oil producer converting to a high dividend paying entity.