Welcome to the Carnival of Debt Reduction
Welcome to this week’s Carnival of Debt Reduction! This week we have a bit of an Olympic medal theme. Four of my favorite posts (gold medals) are at the top, and this week I’m highlighting first a couple of folks who are actively reducing their debt and doing a bang-up job at it. That was the main reason I started the Carnival: to bring attention to people reducing their debt and to provide a forum for encouragement. Please first stop by My Daily Dollars and Debt Reduction Formula to congratulate them on their progress this far!
Remember: The color of the medal doesn’t matter that much because the posts made it into the Carnival! These posts were all winners this week.
GOLD MEDALS: Here are my four favorites for this week:
- My Daily Dollars discusses her "A-ha!" moment during debt reduction. Getting to the point where it finally clicks why carrying balances is so bad is a big step toward getting rid of that debt.
- Debt Reduction Formula knocked off over $5k in debt in the last thirty days. That’s fantastic!
- No Credit Needed reveals ten great things about being debt-free. (Oh, and did you know that the No Credit Needed Network is opening again to new members?)
- Tough Money Love launches an involved discussion of the future tax benefits of a paid-off mortgage.
SILVER MEDALS: The best of the rest of the debt reduction related posts:
- The Road to Black advises just saying "no" to credit cards.
- Free Money Finance hosts a guest post on the first step to getting out of debt.
- Budgets Are Sexy enlists the help of a linked checking account to avoid more overdraft fees as he reduces his debt.
- Economic Forecasts gives a number of tip on how to improve your credit rating. (Also provided were ways to reduce debt during the credit crunch.)
- Destroy Debt discusses debt management companies.
- The Money Answer Guy lists a number of ways to avoid getting hit with credit card charges.
- Personal Finance Analyst discusses the potential benefits of a credit card bill of rights.
- Ask Mr. Credit Card explains what to do if your credit card debt has been charged off.
BRONZE MEDALS: A few selected ancillary-topic posts that could help with debt reduction:
- Digerati Life wonders about the possibility of going a year without buying anything new.
- Rich Credit Debt Loan gives advice on how to not nickel and dime yourself to the poorhouse.
- Savings Toolbox lists tips on choosing the right online savings account.
- American Consumer News talks about implementing an emergency fund.
- Discover Debt Freedom shows how to supersize your savings account.
No Credit Needed will host next week! (And eventually NBC will cease being the Michael Phelps channel!) 
Related Posts - Debt reduction tip: Freeze your accounts An overspender trying to reducing spending faces many of the same temptations as a fat person trying to lose weight. Sticking to a cash-only or a debit-only budget after being able to charge freely on a credit card is difficult. Just like an overweight person would keep snacks out......
- Being Frugal has posted Carnival 115 Lynnae over at Being Frugal has posted the brightly-lit Holiday World Tour Edition of the Carnival of Debt Reduction! There's a debt reduction lesson, along with several relevant posts, at each of the stops on the tour: recognizing the problem, making a plan, make more and spend less, find support,......
Related Websites - How to Keep Your Job - Rule 1 Edition If what I am reading or hearing is any indication, just about anyone who is receiving a paycheck in this economy is worried about how long that paycheck delivery will last. More to the point, they are concerned that the next knock on the door will be a grim reaper-style......
- Two Key Factors That Can Dramatically Improve Your Credit Score There are a lot of books, tables, eBooks, and other works available which are alleged to contain top secret information and tricks of the trade on how to improve your credit score. They often sell for hundreds of dollars, but they’re just not worth it. It’s true that Fair Isaac......
[...] Original post by mbhunter [...]
[...] the way, my debt-reduction post was an editor’s pick this week at the Carnival of Debt Reduction. Be sure to stop by today for lots more inspiration on your own journey towards the zero [...]
Yayy!!!! I’ll take silver any day
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[...] on the Carnival of Debt Reduction, host John (of MightyBargainHunter fame) awarded a “Gold Medal” to my article [...]
[...] Here’s an interesting post I found today.Have a look for your self, Here’s an excerpt, please read the full story at the blogRich Credit Debt Loan gives advice on how to not nickel and dime yourself to the poorhouse. Savings Toolbox lists tips on choosing the right online savings account. American Consumer News talks about implementing an emergency fund. … [...]
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Even a bronze will be good.
[...] The Carnival of Debt Reduction at The Carnival of Debt Reduction [...]
[...] Carnival of Debt Reduction: If you’re looking for inspiration on your journey to debt-free land, be sure to read No Credit Needed’s post, “Ten Things That Rock About Being Debt-Free.” I know that I’m feeling some of those things in the home stretch of my own debt repayment! A guest post at Free Money Finance offers a clever first step to paying off your debt. By canceling cable/satellite TV, you get a bounce from cutting yourself off from all the ads. I can attest to that! It’s amazing how much easier it is to avoid shopping when you aren’t getting a constant deluge of messages telling you to go do it. If you’re really serious about getting out of debt, read The Digerati Life’s discussion about not buying anything new for a year. [...]
I want gold!
[...] Carnival of Debt Reduction @ Carnival of Debt Reduction [...]
[...] to round out this Olympic themed week, I was very thrilled to accept a bronze medal from the Carnival of Debt Reduction for my vintage article on how we can borrow, barter and buy used as ways to embrace a frugal [...]
I joined for Gold of this week!
[...] Carnival of Debt Reduction #153 (The Olympics Edition) was hosted by Carnival of Debt Reduction and you can find our post entitled Credit Card Bill of Rights listed there. We got the Editors pick [...]
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