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 all of this cash floating around where there once wasn’t, it’s a bit of a shock to have the burden lifted. Now, it’s a very good shock to have, but having a plan for the money that was consumed with credit card repayment is key to staying back on track.

The snowball method of debt reduction works wonders, but the snowball is biggest at the end, and needs to be actively controlled or it will just go up the hill, come back down, and roll over you. There’s a lot of free cash flow that needs to be controlled. Formulating a saving plan, setting up extra roadblocks to avoid missteping into credit card debt, and just not going nuts with the shopping to celebrate go a long way to accomplishing this.

• Pi Day and the Ides of March: Carnival of Debt Reduction Here are some submitted articles on debt reduction: Jackie from Money Crush posted an article on the snowball method over at the Pay Off Debt App blog. Debt Donkey doesn't agree that the FICO score is the most important number in life as he gets rid of his debt. My......
• Flashback: Blog away your debt Consumerism Commentary hosted Carnival of Debt Reduction #32, and this week's Flashback comes from Money and Investing: Blog for Debt. This blogger had only $300 in consumer debt but getting a blog, monetizing it, and putting the income toward the debt is a great way to pay it off. Others......

• Do It Yourself Debt Reduction Plan During tough economic times, many people avoid bankruptcy by turning to debt management companies for assistance paying off their debt. While many of these companies are legitimate resources for helping people get out of debt and avoid bankruptcy, for many people a do-it-yourself debt reduction plan can accomplish the same......
• Sunday Money Madness: Money and Frugalness Hello and welcome to the Money and Frugalness edition of the Sunday Money Madness Roundup. Several categories are presented below to help break up the collection of weekend reading links. Pull up a seat, grab your coffee and peruse to your heart's content. Save Money | Frugal Tips: Digerati Life......