Welcome to Carnival of Debt Reduction #114

Good evening! Looks like I’m pinch-hitting for DebtFREE-Revolution this week; she’s feeling really lousy and just got on to tell me that she can stay up for a couple of hours at a time before she collapses. So you might want to drop by her blog and give her some virtual herbal tea or something. In any case I’ve needed to get this carnival together on a time budget, so the carnival this week is to the point.

Here are a few shout-outs and the Editor’s Picks for this week:

• Single Guy Money has paid off all of his credit card debt! Congratulations! These stories are great to hear!
• Single Mom and Money has paid off all of her consumer debt! Congratulations! Great to hear these stories!
• Being Frugal talks in detail about buying a used car with cash. (Smart move, and a good post!)
• No Credit Needed rocks on with the ABCDEs of planning for debt reduction.
• Ask Mr. Credit Card gives ten good reasons to reduce your debt.
• Saving Advice tells how to pay off your student loans and build your wealth.
• The Digerati Life gives a few loans that should be handled with extreme care.
• Debt Prison describes the ins and outs of how to settle your debts on your own.

And here’s the best of the rest:

• Joseph Sangl has an interesting graphic for his mortgage payment progress.
• Whalehook Loans discusses some of the ways that you can pay off your student loans.
• Opportunities Aplenty gives one way not to try to reduce your debt.
• My Dollar Plan comments on CNN Money’s Millionaires in the Making series and says that people are more ready to start the process of getting out of debt once they admit how much they owe.
• Free From Broke tells a sad story about lower credit card rates.
• The Baglady advocates exercising restraint this holiday season.
• I’ve Paid For This Twice Already … talks about her attitude shift in her spending habits that have been for the better.
• Free Money Finance discusses an MSNBC piece on bankruptcy vs. foreclosure. At first glance it looks like rock vs. hard place but it’s a little more than that.
• Recipe for Financial Freedom outlines a five-step process for getting debt-free.
• Gather Little By Little discusses the statement “credit is a disease that you won’t catch here.” Is it a disease? Check it out.
• Shop Smart Loans talks about loan and debt elimination scams. Debtor beware.
• Millionaire Mommy Next Door lets her readers tackle someone’s debt question.
• The Happy Rock presents the Big Shovel method for getting out of debt faster.
• Becoming and Staying Debt Free outlines controlled, stress-free holiday shopping.
• Payday Loan Cheapskate gives a few suggestion on escaping the payday loan circle of doom.
• GRACEful Retirement has an interesting post on putting debt reduction on hold during the holidays.

Thanks to everyone who contributed this week! Next week Being Frugal hosts!

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