Carnival of Debt Reduction #64
Welcome to the Carnival of Debt Reduction for December 4, 2006. Thanks for stopping by. I’m very pleased to be hosting the Carnival for the first time here at Necessary Virtues Personal Finance.
In reading this week’s submissions I found many to like, and two that really stood out. They are hereby awarded the Necessary Virtues Order of Merit for outstanding contribution:
- Mark Shead’s outstanding piece on The Debt Mindset from Debt Consolidation. It begins provocatively:
“Many people just expect to be in debt. It is part of their world view…”
- The current installment of Erek Ostrowski’s invaluable series, Getting Out Of Debt (Part 2) from Verve Coaching. I look forward to the next article.
Here are all those that made the cut listed in mostly chronological order, with a little treat at the end. Enjoy!
Matt Hutter kicks it off with tips on How To Avoid Using Credit Cards and the benefits of purchasing with cash rather than plastic.
Next is a timely seasonal offering from Ririan with 20 Fabulous Tips To Holiday Spending that range from proper planning to debt avoidance to identity theft protection.
From Andy at Money Walks comes 5 Reasons why people are in debt, including a wake-up call for university students to graduate debt-free.
Andy Boyd offers us a refreshingly honest and direct look at his personal finances and his plans for getting out of debt in My Credit Card Debt Repayment Plan. This is a valuable contribution in that it’s all practice and no theory.
Next we have a great series of tips from Joe Caterisano on How to save money. He points out that small changes in our behavior can reap large benefits.
From Free Money Finance comes How to Pay Off a Boatload of Debt Quickly, a helpful, concise summary of an article originally published on MSN MoneyCentral.
Mark Shead contributes a very thought-provoking piece on The Debt Mindset. He points out how much our lives are influenced by our past experiences and our present associations. Highly recommended, particularly for anyone who has struggled to change their behavior in relation to money and debt.
From Waller we have a wonderfully passionate and practical article on Reducing Debt With A Snowball. If you’ve been making minimum payments on your credit cards, you have to read this!
Erek Ostrowski continues a valuable series with Getting Out Of Debt (Part 2). This installment is all about making detailed plans to achieve specific goals that contribute to your overall goal. The most important part? Follow your plan!
Trent tells us that debt has driven him to some pretty desperate measures in the past, including surviving for a month on only $10 worth of food. He gives us twenty tips on how it can be done in Nourishment on a Desperate Income.
From Steve Faber we have Debt Elimination Scams to Avoid – You’ll Just Pay Twice, which gives details of two scams that prey on desperate debtors.
The next article is really a call for discussion from Ben, who asks What was the World Like Before Credit Cards?. You can post your answers on his blog.
Jim clarifies a distinction that many find mysterious in Student Loan Deferment vs. Forbearance. If you have a student loan, make sure you know the difference.
From the Prince of Thrift we hear that the worst of the worst get the Lemon Award for Bad Banking, and the finalists are… Lemon Award Finalists Named on CreditCard.org’s Website.
Next Sagar Satapathy presents a comprehensive set of 101 Financial Tips you Never Learned in High School (but should have). Be sure to read all the way to tip 101!
Joe Caterisano returns with What is a FICO score?, offering a concise guide to the factors that comprise your FICO score.
Henry of Binary Dollar continues his personal chronicle with The Race to $0: December 2006 Net Worth (+$3,284). He continues to retire his student loan while adding substantially to his retirement savings.
No Credit Needed contributes this Sure-fire Debt Reduction Process. It’s simple and it actually works. You just have to be willing to follow it.
And to round off this week’s offerings, we have a humorous Ode To Prosperity from Madeleine Begun Kane.
Next week’s host, on December 11, is Blunt Money. Thanks for visiting, and happy holidays to all!
2 Responses to “Carnival of Debt Reduction #64”
December 4th, 2006 at 12:26 pm
Weekly Blog Carnivals…
Recent blogging updates from Blogcarnival.com:
Necessary Virtues is running the Carnival of Debt Reduction for this week.
Stock Market Beat hosts this week’s Carnival of Investing.
Carnival of Investing is worth a look as well, over at Mon…
December 7th, 2006 at 4:21 am
Free Money Finance Carnival This Week…
Here is the carnival Free Money Finance is in this week and my post that was included: Carnival of Debt Reduction – How to Pay Off a Boatload of Debt Quickly Stop by this carnival to read some great posts!…