Wealth Today hosted Carnival of Debt Reduction #28, and today’s Flashback from that Carnival is from Young and Broke, now Cakes and Ale: Generation Debt or Generation Whine?  This was a commentary on Generation Debt: Why Today is a Terrible Time to be Young, and she felt that the book made it too easy to just complain about the times we live in and do nothing about it:

From her post:

“In my opinion, we can all cut back.  If you have a job, even if you have student loans, you can save.  I think that most of all we need to stop being so pessimistic and complaining about our financial misfortunes.  Misfortune will always be there – but you suck it up and keep working, keep striving for more.  Because what good does sitting around whining do?”

‘Nuff said.

• Flashback: Debt reduction math vs. psychology Carnival #2 was posted over at No Credit Needed. (You'll be seeing a lot of Flashbacks from his carnivals -- he's done a lot of them!) One article from Five Cent Nickel in this carnival has gained a lot of traction: Dave Ramsey is Bad at Math. Actually, it's the......
• Flashback: Look ahead to plan for bills No Credit Needed hosted Carnival of Debt Reduction #26.  This week's Flashback comes from The Common Room: Digging Out of Debt.  The poster attributes financial problems to not having a budget or a plan.  An offshoot of this is that it's possible to get blindsided by big bills, like insurance......

• Girl Turns to Prostitution to Pay Off Student Loan Debt Photo courtesy of .craig We have all read stories of shocking things people have done to get out of debt.  However, a recent US Weekly story takes things to a new level.  According to the story (via Fox News), the 22 year-old Sacramento State graduate has agreed to give......
• Tips for Paying Off Student Loans Right now, the student loan industry is going through one of its worst periods in decades. New Federal regulations have forced many banks to stop offering student loans, and students are being forced to either find a direct loan or start paying back what they owe. Enrollment figures are being......