Credit card miscellany

295th Carnival of Personal Finance: 7 deadly personal finance sins edition

Emily Crone


Welcome to the 295th edition of the Carnival of Personal Finance, a weekly roundup of the best personal finance blog posts on the Web.

This week’s theme is the seven deadly sins of personal finance. From lusting after unnecessary expenses to slothfully letting debt grow, we’re all a little guilty of financial transgressions from time to time.

Throughout this carnival, we will explore the seven sins of lust, wrath, pride, envy, gluttony, greed and sloth. Enjoy!


Editor’s Picks:


Lust is the act of excessively desiring something, whether it be the latest Gucci bag, an expensive race car or expensive jewelry — all things that can lead to major debt regret.



This sin consists of anger, hatred or revenge. Perhaps you are angry at your financial situation, hate doing taxes or have arguments with your spouse over money. Getting angry at your money situation isn’t going to help you solve it. Here are some suggestions:



Pride can get in the way of setting your finances straight. We may act as though we know what we’re doing with investments or loans when we don’t, or we may not ask for help when we’re drowning in debt.



Ah, envy. Have you ever found yourself jealous and resentful of others’ things, such as a vacation you can’t afford or lifestyle you can’t attain? Envy can get us into all kinds of financial situations that are beyond our reach. Better to stay real than to be real broke.



Gluttony, waste and overindulgence can all send your finances into a downward spiral. Yes, we all need to splurge a little here and there, but keeping your gluttony under control will save you more than just money — it will preserve your financial sanity. 


  • Don’t waste water and money needlessly. Sustainable Personal Finance explains how you can cut back on both by installing low-flow toilets.
  • Do you have a glut of debt? Smart Balance Transfers provides advice on how to get out and stay out of credit card debt.
  • There’s no need to throw out leftovers or food you that you don’t think you’ll use. Surviving and Thriving explains how to make garbage soup, which is a way to enjoy food you would normally throw away. It’s perfectly OK to be gluttonous with this frugal concoction!
  • You don’t have to overindulge just to have a good time. Before You Invest lists five ways you can save money and still have fun.
  • When it comes to saving for your child’s education, the more money you can amass, the better. Moneyed Up explains how you can earn extra money to save for college.


Greed can cause you to lose perspective on your finances, possibly leading you down a road where there are no u-turns. Sometimes just giving yourself 24 hours to ruminate about a purchase can cause you to rethink if you really need it or if you’re succumbing to our fourth sin: greed.



Sloth is the sin of idleness and laziness. When applied to finances, sitting back and letting debt pile up, filing taxes late or never checking your bank accounts can all lead to disaster.


That’s it for the 295th edition of the Carnival of Personal Finance! Well Heeled Blog will be hosting the next edition. You can submit your entry here.

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  • Thank you for including our article on how to install low flow toilets!

  • Thanks for hosting! 🙂

  • Great Carnival! Thanks for hosting and including my post!

  • Wow, awesome job with the Carnival, Emily…very creative! Thanks for the include, too 😉

  • Thank you for including me! Although to be honest, I’d rather be associated with lust than gluttony… 😉

  • Thanks so much for the inclusion. I loved the theme of the carnival. Great job.

  • Very nicely done carnival. Graphics are awesome and lots of “mention” love. Thanks so much for the hat tip Emily. Cheers!

  • Emily, This is a wonderful carnival and so creative. I can tell you put lots of time in. Also, a nice intro to your site.

  • Emily,
    Great pictures, great carnival! Thanks for hosting the carnival!