If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world.

For anyone who is interested, I’m hosting two wine and cheese seminars in Oakville titled “Increase your returns and lower your fees with Index Investing”. The two dates are September 25th and October 2nd and will be held at the Glen Abbey Golf Course. If you would like to attend, or know anyone who might want to (or should) learn about index investing please send me an email at preet_banerjee@scotiamcleod.com.

From Around The Blogosphere

Ellen Roseman has a post titled “No RESP-ect for group scholarship plans“.

Canadian Capitalist examines the claims about just how low the costs are on Group Scholarship Plans.

Michael James on Money (played by Kevin Spacey in the movie 21), looks at the real cost of that free steak dinner that you might get offered when losing money at a casino.

Jonathan Chevreau explains that many Canadians don’t understand the new TFSA that will be introduced in January. It stands for TAX FREE SAVINGS ACCOUNT and if fall into that camp, you may want to bring yourself up to speed – it’s groovy.

Thicken My Wallet discusses the ethics of the Freddie Mac and Fannie Mae bailout.

Million Dollar Journey was trying out his new TV and got excited about a show that examined why people with good incomes and net worth can still feel inadequate. Wait until he discovers Showcase on Friday nights.

Larry MacDonald discusses the unloading of hedge funds in the context of today’s market.

Four Pillars discusses buying in bulk and notes that a good price on 12 pounds of nutmeg might sound good, but do you need it?

Price of gas got you down? Canadian Dream: Free at 45 explains how you can eat breakfast for pennies a day.

Canadian Financial DIY notes that Canadians living abroad need to get cracking on making their votes count in upcoming Canadian federal election.

This Week’s Racing Video

I don’t know how to introduce this week’s video other than to say it’s a 400 horsepower V8-powered chainsaw.