Posted on October 31st, 2011 by mbhunter
One of my Yakezie team members is out of credit card debt! There’s still quite a bit to go with her student loans but as for the credit card debt:
Beautiful! Love those round zeros! ~ Broke Gal in NYC
A few things that are great about retiring that debt:
- Things are simpler. Fewer monthly bills to keep track of.
- Things are freer. The money that was going toward those payments can now be shuttled somewhere else.
- Things are just plain easier. The psychological weight of those credit card payments is gone.
Great job Broke Gal! 
Posted on October 14th, 2011 by mbhunter
We’re digging back into the submissions from July 2011, and working back up. (Here’s what’s changed.)
This post features 20 and Engaged. I shared a cab ride back to the airport with her from FinCon11.
Her post on July financial challenges is a few months old now, but the gist of it was that she was gearing up for a number of goals for the month. Such as:
- The “No Spend” challenge: Spending only on essentials
- The “Use It Up” challenge: Buying only when you run out of something
- Save more: Goosing that bank account up from $3
- Get financially organized: (I hear you!)
Ambitious, no? One could argue that the first two complement each other, because using stuff up helps you not to spend. So let’s call it 3.5 challenges for the month of July. 
From my standpoint, I have trouble with just one big challenge. If she could handle all of those challenges, and meet them, she’s far better than most people!
Success breeds success. If you can get through one challenge in a month, that gives a great boost in confidence. But if you take on four challenges and get through one of them, it seems to be more failure than success. The same number of challenges were conquered in each case, but batting 1.000 seems better than batting 0.250.
It’s all a matter of taste, stamina, pain tolerance, etc., how much we take on, but if taking on too much is self-defeating, try dialing it back a bit. Take things on in reasonable chunks. Your stress level will be lower, and “the challenge” won’t seem as great as it would otherwise, which means you’ll have a better chance of actually meeting it!
Posted on October 10th, 2011 by mbhunter
I’ve given some thought to where this Carnival is heading, and I’ve decided to make some changes.
First off, the Carnival of Debt Reduction was always meant to be about personal debt reduction posts. People need to continue to see that it’s possible to get out of debt. I want to continue to spread the word about this and to highlight the people who are blogging about their debt reduction.
Over time, it’s been tougher to convince people to host the carnival. (To those of you who have, thank you!)
Rather than shut down the carnival, I’d like to switch it around a bit and offer those of you who are blogging about how you personally are getting out of debt to continue to submit your articles, and I’ll feature them here. (If you’ve submitted posts over the past few months, I’ll be going through those first.)
I’m not interested in generic debt consolidation posts, generic frugality posts, etc. I want posts on your progress. I want posts celebrating a paid-off credit card. I want posts that talk about how it feels to finally be debt-free.
I want posts that encourage others to do the same thing you are doing.
So I hope you’ll help me to spread the word about this. Let me help you promote all of the good work that you’re doing at getting rid of your consumer debt.
Posted on June 28th, 2011 by mbhunter
Here are this week’s hot debt reduction articles:
Thanks!
Posted on June 14th, 2011 by mbhunter
Here are this week’s debt-reduction related posts:
Thanks!