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.

• Flashback: Work your debt reduction plan Waaaaaay back in Carnival of Debt Reduction #1, No Credit Needed was still in debt. His post for the premiere installment outlined his debt reduction strategies. His strategies were pretty simple: Collect your debt information and list the balances, annual percentage rates (APRs), and minimum payments. Go through your budget......
• Welcome to Carnival of Debt Reduction 93 Welcome to installment 93 of the Carnival of Debt Reduction! I've included a little over half of the articles submitted through the BlogCarnival.com form to keep the Carnival close to topic. So enjoy this week's posts in the Carnival and be sure to check each one of them out! MoneyNing......

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• Dig Yourself Out of Debt: Avalanches and Snowflakes This is part 3 of the “Dig Yourself Out of Debt” Series, published every Thursday. Surfing old posts? You can catch up on Part 2 by clicking here, or view every post in this series by clicking here. So far we've found out exactly what we owe, and hopefully freed......