Wandering Indian Monk hosted Carnival of Debt Reduction #30, and this week’s Flashback from that Carnival comes from Cakes and Ale: Freedom from debt.  How do you best use the money that you’ve set aside to pay down your debts?

• Don’t just shuffle the debt around.  The balances have to go down, too.
• Recognize that you brought the debt on yourself and you have to get out of it yourself.
• Use little windfalls to pay down more debt instead of going on a shopping spree.
• Keep paying more than the minimum on your debts.
• Do all of this with a strategy so that you can monitor your progress.

• Journey to Financial Freedom has posted the Carnival! Harrison over at Journey to Financial Freedom has posted this week's Carnival of Debt Reduction!Dandelions and Daydreams is a blog that has been around for years (!) and has an interesting personal story on following Dave Ramsey's program and getting to the point where they may be able to retire......
• No Debt Plan has posted the Carnival A big thank-you to No Debt Plan for hosting this week's Carnival of Debt Reduction.  Three of the submitted posts this week made Editor's Pick: Stop the Ride admits that something has to change Debt Reduction Formula reports on his outstanding debt for the month The Smarter Wallet has an......

• Becoming Debt Free: Identifying the Why I write a lot about our goal of becoming debt free because at the present time it is my family's number one financial priority.  A number of my recent posts have been centered around the mechanics of getting out of debt, such as sharing strategies for repaying debt faster, earning......
• Dig Yourself Out of Debt: Spend Less Than You Earn This is part 2 of the “Dig Yourself Out of Debt” Series, published every Thursday. Surfing old posts? You can catch up on Part 1 by clicking here, or view every post in this series by clicking here. The title of this post may come as a bit of an......