Blueprint for Financial Prosperity hosted Carnival of Debt Reduction #13, and No Credit Needed’s article is the topic for this week’s flashback:

The value of waiting

NCN likens a credit card purchase to eating cotton candy.  I like cotton candy while I’m eating it as much as the next guy, but I agree that it goes down really easily, just melts in your mouth, and gives you a buzz, right before it makes you sick to your stomach.  Credit cards are like that.  They’re so easy to use, it doesn’t really feel like you’re spending money, and you get what you want right then and there.  But then the bill comes.  And the interest payments if you can’t quite pay off the entire bill.  And the debt.  And the lowered standard of living as the balances on the cards increase. And on and on.

So why not just wait?  It’s not quite as much fun right now, and it doesn’t always taste as good to save now, but in the long run it’s better.

• Flashback: Cut your expenses a bit Free Money Finance hosted Carnival of Debt Reduction #33, and this week's Flashback comes from Debt Sense: Cutting Expenses. In order to make extra payments toward credit card balance it helps to find places to cut expenses. Here are six places that Debt Sense suggests: Move to a less-expensive apartment.......
• Flashback: Have a plan for your debt-free life Savvy Saver hosted Carnival of Debt Reduction #35, and this week's flashback comes from Debt Sense: Once the bad debt's gone, then what? What a great question to ask! It's so easy to get immersed in the debt reduction swing of things that once the debt is gone and there's......

• Debt Repayment Methods Paying back all of the money that you owe to your credit card debt is not nearly as easy as it was for you to go into credit card debt in the first place. Still, it can be done. When you put together a good working plan coupled with discipline......
• We just got really close to carrying a balance I felt like we dodged a bullet tonight. I was checking balances on some of my accounts and I loaded up the balance on our primary checking account.  I knew it was going to be low.  We had had a couple of big expenses (a six-month car insurance premium and......