A big thank-you to Squawkfox for hosting this week’s Carnival of Debt Reduction. The pictures and words of the beginning of summer are a nice addition to the Carnival!

Her three favorites this week:

• TooSmart recounts a payday loan horror story.
• Uncommon Cents offers up the basics of debt reduction.
• Persistent Illusion suggests ten ways to save your money as one ingredient to a successful debt reduction plan.

Please check out the rest of the Carnival and visit some of the other great posts!

• Debt Reduction Formula has posted the carnival Thanks go over to Debt Reduction Formula for hosting this week's Carnival of Debt Reduction! Four of the submitted posts caught his fancy: Frugal Dad asks: Is It Easier to Lose Weight or Pay Down Debt? Paid Twice talks about Debt As The American Way DebtFREE-Revolution posted on Too Much......
• Carnival number 64 is up at Necessary Virtues! Necessary Virtues has posted this week's Carnival of Debt Reduction!  A number of great articles in this carnival; here are some favorites.Matt Hutter tells how to avoid using credit cards.Credit Cave outlines his debt repayment plan.  (Keep it up Andy!)Free Money Finance shows how to pay off a boatload of......

• Money-money-money-money carnivals for this week The Festival of Frugality #13 is up at Simply Thrifty. Next week, Neo's Nest Egg hosts! The Carnival of Investing #12 is up at Personal Finance Advice.  Next week, Investor Geeks hosts! The Carnival of Debt Reduction #25 is up at Blueprint for Financial Prosperity. Next week, No Credit Needed......
• Weekly Roundup - Back to School Edition No, I'm not going back to school personally, but I have a couple kids who went back last week, and I know many parents are readying their kids for a new school year. Those headed off to college will also be departing soon. It's a scary time for both parents......