K’s Financial Progress hosted the 4th Carnival of Debt Reduction.  The top article on that carnival was written by Jim over at Blueprint for Financial Prosperity:

Don’t save, pay off debt!

His argument is a good one.  If you have a lot of credit card debt or loans to pay off, pay those off before socking away a lot of money in a savings account.  The interest you’re likely to earn on a savings account is a lot less than the interest you’ll pay on most credit card balances (unless it’s a 0% balance transfer).  Earning 4% or even 5% in a high-yield savings account is counter-productive if it’s more than you need for an emergency fund and if you have balances that are costing you 15% or 20% or more.  Once the debt is gone, the leak in your checkbook will dry up and then you can go to town and save like gangbusters.

• Man vs. Debt has posted the Marathon Carnival (UPDATE 5/10: Dang, I forgot the link again!  Sorry about that!) Thanks to Man Vs. Debt for hosting this week's Carnival of Debt Reduction!  His picks for this week: Ask Mr. Credit Card interviews Tricia from Blogging Away Debt following her elimination of $37,614 of credit card debt! Money Ning......
• Flashback: Any snowballing will get you out of debt faster Frugal for Life hosted Carnival of Debt Reduction #6.  (~Dawn has been a big supporter of the carnival, and it's much appreciated!) I haven't submitted too often to this carnival because I'm not actively involved in consumer debt reduction.  I did manage to get a post together on the snowball......

• Ask The CERTIFIED FINANCIAL PLANNER™: Savings And Debt I'm always happy to give financial advice, but sometimes you just have to ask a professional. I've asked CERTIFIED FINANCIAL PLANNER™ Jeff Rose to give his feedback on some reader submitted questions.  Jeff  is an Illinois Certified Financial Planner and co-founder of Alliance Investment Planning Group. He is also the......
• Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to......