The leveraged ETF blowup and more: Tip'd hottest stories, Aug 10 edition

This is a round-up of the most popular finance links from Tip'd, the social site for financial news, in the past week. This week's stories includes a mythbusting rundown on the leveraged ETF "blowup", a thought-provoking analysis on whether one should give money to the homeless, and some great saving tips from the folks who helped make saving "cool" on the internet.

Why Everything You've Heard About Leveraged ETFs Is Wrong (29 Tips)
It's time to dispel a lot of the myths surrounding leveraged ETFs that have been circulating in recent weeks. Like almost any investment, leveraged ETFs can be used inappropriately. But if used appropriately, these products can be powerful tools. Check out the discussion.

I'm Not Smart Enough To Save On My Own (26 Tips)
Saving can be a tough thing to actually do! Here are some great reasons you should set up automatic savings! Read what people are saying about it.

50+ Things Everyone Ought to Know About Their Money (22 Tips)
How well do you know your money situation? Here are 50+ things everyone ought to know about their money. Read what people are saying about it.

Should You Give Money to a Homeless Person? (22 Tips)
Should we give to the homeless begging for money or are we just contributing to their addictions and their lifestyles. Maybe this will change your mind? Read the comments.

The Fallacy of Relative Price Evaluation (21 Tips)
Boil your buying decisions down to their most basic level. Look at the actual dollar amounts involved instead of viewing things in a relative context. If you don't, then your high dollar purchases will almost certainly wind up costing you even more. Read what people are saying about it.

You can get more of today's hot finance stories at tipd.com. At Tip'd, the community chooses which financial stories go "hot" and appear on the homepage. The links above are those links which got "tipped" the most in the past seven days by the community members.