Many thanks to Me vs Debt for hosting Carnival of Debt Reduction #118.  This week’s carnival has a winter solstice theme, complete with pictures of constellations that will be visible on the shortest day in the northern hemisphere.  Very clever!

Her “Ursula Major” editor’s picks were:

• Being Frugal’s Twelve Days of Christmas, Personal Finance Style
• Paid Twice’s Why the $1,000 Emergency Fund?
• No Credit Needed’s commentary on the mortgage mess
• Free Money Finance’s Help a Reader: 401(k) or debt

Next week the carnival will be right here.  In the meantime, have a great week and check out the carnival and the constellations!

• Debt reduction tip: Freeze your accounts An overspender trying to reducing spending faces many of the same temptations as a fat person trying to lose weight.  Sticking to a cash-only or a debit-only budget after being able to charge freely on a credit card is difficult. Just like an overweight person would keep snacks out......
• Ask Mr Credit Card has posted the Carnival Thanks go out to Ask Mr Credit Card for posting this holiday-time Carnival of Debt Reduction.  Several of the submitted posts caught his attention for Editor's Picks: Free Money Finance discusses the benefits of debit cards Blueprint for Financial Prosperity explains why he thinks Dave Ramsey is brilliant The Digerati......

• The Truth about Credit Cards and Debt pt 1 This is part one in a two part series about credit card debt and where we actually stand as a nation when you consider the pure numbers. You have probably heard figures like "The average American carries more than $8,000 in credit card debt on average." But what does this......
• Carnivals for this week The money carnivals are in town: The Carnival of Personal Finance is up at Free Money Finance! Next week, the team-blogging folks at Money Blog Network host the carnival. The Carnival of Debt Reduction is up at Journey to Financial Freedom!  Next week, the carnival stops here! The Carnival of......