Welcome to the 125th edition of the Carnival of Debt Reduction started by Mighty Bargain Hunter. While you were attending/throwing Super Bowl parties yesterday, I was busy putting together this carnival (while watching the Super Bowl, of course). In case you missed the game, I’ve included a recap with this week’s carnival. Without further ado, here it is.
Highlights (Editor’s Pick)
Silicon Valley Blogger shows you how to get rid of your debt with debt defying strategies. Check it out to discover ten great strategies for getting yourself out of debt.
SingleGuyMoney is asking for advice as he is considering paying off his car loan. Find out why paying off debt can still be a difficult decision even when you have the money to do it.
squawkfox asks, “I have zero debt. Am I weird?“ I say, “Yes. Can I be weird too?”
Free Money Finance elaborates on the Fourth Commandment of Personal Finance: Thou Shalt Limit the Amount of Debt on Credit Cards. Abide by this commandment and thou shalt receive a “Get Out of Credit Card Debt Hell Free” card.
Luke Livingston explains why setting financial goals goes further than creating a budget. This approach seems to work better for me too. Do you agree?
1st Quarter – NYG 3 NE 7
Debt Reduction Strategies
Michelle Kennedy presents 10 Ways to Save Money Right Now. A more frugal lifestyle is a great way to start reducing your debt.
ImprovedLife goes through the steps of removing credit card debt. Have your scissors ready before reading this article.
Erica Barton presents Keep Your Money for Yourself – Part 1: Cut Your Expenses. She shares 7 tips on how to increase your cash flow, which will help you reduce your debt faster.
chica with issues asks, “Have you ever tried the envelope system?” If so, she wants to know if it worked for you.
2nd Quarter – NYG 3 NE 7
Debt Reduction Stories
paidtwice explains why Less Debt = More Freedom. Find out why she concludes that “the less debt we have, the freer we become.”
Nicole at Makeitbetter describes her journey in freeing herself from American consumerism. It’s great inspiration for others who are trying to do the same.
bluntmoney has a great story about how it feels when you’re asked to list all of your debt, and all you see is a blank screen.
Ryan Healy explores the relationship between commitment and debt in Debt Reduction: Are You Committed? Really? Do you have the commitment it takes to get out of debt?
K at Small Cents shares her financial experiences in January, Or, The Financial Train Wreck. Sometimes the road to reducing debt is a little bumpy.
Halftime Show – Tom Petty
Student Loan Debt
Sally has taken one step forward in paying off her student loans by knocking out $1,667.82 last month. That’s a great way to start off the new year!
Ted presents a list of cheap colleges where you still get a good education. With tuition rising every year, a cheaper college is a great way to reduce the amount of student loans you have to take out during your college years.
3rd Quarter – NYG 3 NE 7
Mortgages
Tyler presents a primer on understanding mortgages. A great article for people, like me, who don’t know anything about buying a house.
Super Saver explains why they’re keeping their mortgage in retirement – for now.
rocketc warns against using your house to pay for your life. He shares his story about how he put himself and his family into a great deal of financial trouble because of a lack of knowledge and some carelessness.
The Financial Engineer explains how she paid off her home with a Home Equity Line of Credit!
Raymond at Money Blue Book describes how to Use Credit Card Rebates To Help Pay Off Your Home Mortgage Loan Principal.
4th Quarter – NYG 17 NE 14
More Debt Related Topics
Mr Credit Card explains the price of having poor credit scores. Discover why his friend was unable to refinance a mortgage because of poor credit scores.
Jim lists the most common errors on tax returns. “Avoiding these errors allows the IRS to process your return (and hopefully your refund) faster.”
FIRE Finance is setting 2008’s Financial Goals, and we all know that setting goals is an essential step in reducing debt. Have you set your financial goals for this year yet?
NCN presents My Favorite Books About Debt Reduction And Credit. If you’re looking for some great books to read, then look no further.
Sue asks, “Are Outlets Worth It?” as she describes how a simple shopping trip could cause some to start on the road to debt.
Jeremy Zongker discusses the Statute of Limitations on Debt and includes a convenient list of links to each state’s laws.
Post Game Show
Congrats to the New York Giants – Super Bowl 42 Champions!
I hope you enjoyed this week’s Carnival of Debt Reduction. I had a blast hosting my first carnival. DebtFREE-Revolution will be hosting next week’s Carnival of Debt Reduction. Submit your articles here.
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Thank you very much for hosting BGS, especially since the manager forgot to give you the post info until this weekend. *oops*
Great job!
Thanks so much for including mine! I hope that others can be inspired to get out of debt b/c if I can do it, as they say, anyone can.
Wow! I am both weird and an Editor’s Pick! Thank you Broke Grad Student!
Thanks for including my article and making it an editors pick.
Thanks for including my post! At least I am in a section where New England was winning… :cries:
Thanks for including me as an editor’s pick and great job with the carnival!
Best,
Luke
http://www.realworldreally.com
Thanks for hosting!
@mbhunter
It’s alright. I probably would have put it off till the weekend anyway.
@squawkfox
Thanks for being weird.
Thanks for the inclusion!
Thanks for a great carnival. Looks like I will have a lot of blogs to look at this week!
Thanks.
Thank you for mentioning my article when you say “Debbie presents Keep Your Money for Yourself – Part 1: Cut Your Expenses. She shares 7 tips on how to increase your cash flow, which will help you reduce your debt faster.” The second and third articles have also been published. However, I wrote these articles and not Debbie, so I would really appreciate it if you could adjust your blog to relate that fact.
Thanks
Sorry about the mix up, Erica. I’ve updated the post to correct my mistake.
I are doing great job paying off debt like that. Keep doing it and get free.
Nice! thanks for hosting