Welcome to a windy and rainy Carnival of Debt Reduction
Posted on September 8th, 2008 by mbhunter
We’re in hurricane season, and early last week there were five named Atlantic storms on the map: Gustav, Hanna, Ike, Josephine, and Karina. Hanna is flying up the east coast of the United States as I’m putting this Carnival together.
Thankfully Hanna wasn’t much where I was on Saturday but north of me it hit a bit harder. A few loose branches blew into our yard, and we never lost power. If only we could be as prepared for every storm as we were for this one. 
Here are the articles submitted for this week:
Articles on debt reduction
- My FInancial Recovery was delighted to find out that his UPromise account could be applied directly to his student loan.
- Fiscal Liberty gives three reasons to run away from debt settlement companies.
- Debt Smackdown (BAM!) says that you should think twice about canceling a credit card.
- FIRE Finance urges attacking financial problems as Rocky Balboa would. (Side note: I need to get out of my feed reader once in a while. The theme for FF is much, much improved! I have no idea how long the website has looked like that. OK, more debt reduction!)
- Gather Little By Little thinks it’s laughable that people pay their credit card fill before their mortgage.
- Ask Mr. Credit Card warns of the dangers of binge spending and financial fasting.
- Digerati Life thinks that a great use for a windfall is debt repayment.
- Think Your Way to Wealth tries some reverse psychology on debt reduction.
- My Daily Dollars reviews the three R’s of debt reduction.
Articles on personal finance that aid in debt reduction
- Debtopedia suggests disciplining yourself to spend less. (Spending more than one brings in gets one in debt, right?)
- Moolanomy addresses the subtle question of funding retirement against paying down student loans.
- Free Money Finance wonders if we really spend more when we use credit cards.
- Twenties Money gives a few good suggestions for reducing those monthly bills. (And fewer monthly bills mean more money toward debt reduction!)
- Living Almost Large argues that you can overspend with cash just as you can overspend with credit.
- Budgets are Sexy asks if you’ve signed up for a credit card just for the T-shirt. (Yup!)
- Money Ning elaborates on credit reports and credit bureaus.
- Rich Credit Debt Loan gives some tips for raising your FICO score.
- The Smarter Wallet suggests saving money on generic drugs to get some extra cash for debt reduction.
- Hustler Money Blog has a $30 deal that you can use to throw a little extra money towards debt reduction.
- The Happy Rock reviews his monthly expenses — a crucial sanity check for debt reduction and general personal financial health.
Thanks for all of your submissions! Greener Pastures will host next week.
Related Posts - Packers take it home Carnival of Debt Reduction Congratulations to the Green Bay Packers for beating the Pittsburgh Steelers in Super Bowl XLV. Since it's unlikely that you were able to score 200% return on your tickets like those 400 people at yesterday's Super Bowl who were denied their seats -- and consequently got triple their money back......
- M is for Money has a Spring Carnival M is for Money posted a very flowery Carnival of Debt Reduction on Monday to celebrate the arrival of the spring equinox. Thanks go out to her for hosting! Two of the submissions made Editor's Pick for this week: Cash Money Life talks about how one can improve their credit......
Related Websites - New Rules of Credit Card Debt In the latest article from U.S. News and World Reports, financial expert Suze Orman unveils a ‘slight’ shift in some time-honored advice. Because of the increasing number of people losing their job, Orman suggests that people should stop paying extra on their debt until they have at least 8 months......
- What Everybody Ought to Know About Handling Finances in Today's Economy It's not impossible to handle your finances in this economy; it just takes some time. Getting your finances under control is completely doable if you take it step by step. Know exactly where you stand in your finances. You have to be able to answer these questions with specific......
[...] Original mbhunter [...]
[...] Original mbhunter [...]
Oh Wow! Thanks for your compliments and including our article
.
Cheers,
FIRE
Thanks for including my article too!
[...] Carnival of Debt Reduction hosted at Carnival of Debt [...]
thanks for hosting and including our post.
Mr CC
Thank you for hosting and including my post. I am not sure how close you are to the hurricane track, but be safe!
Thank you much! Looking forward the checking out the other links. Hope you enjoyed the fabulously cool and sunny weather following the big storm
[...] Carnival of Debt Reduction [...]
[...] Carnival of Debt Reduction [...]
[...] My article Paying credit cards before a mortgage was included in the Carnival of Debt Reduction [...]
[...] The Carnival of Debt Reduction made it through the recent round of hurricanes and showcased a whirlwind of good articles. Debt Smackdown had good advice about when not to cancel a credit card. Budgets are Sexy asked if you ever signed up for a credit card just for a tee-shirt. Of course, mine ended up being one expensive “freebie”! Gather Little by Little had an interesting discussion about people who pay their credit cards before their mortgages. [...]
[...] 9-08-08 Carnival of Debt Reduction [...]
[...] Welcome to a windy and rainy Carnival of Debt Reduction [...]
[...] Welcome to a windy and rainy Carnival of Debt Reduction [...]
[...] Welcome to a windy and rainy Carnival of Debt Reduction [...]
[...] Welcome to a windy and rainy Carnival of Debt Reduction [...]
[...] A windy and rainy Carnival of Debt Reduction featured Retirement Savings versus Student Loans [...]
Wow…All the articles are really worth some to read. So I bookmarked this page. I think you don’t mind it…(lol)
[...] Mighty Bargain Hunter hosted the windy and rainy Carnival of Debt Reduction at the Carnival’s home page and included my article “If You Want to Stay in Debt [...]
[...] 9-08-08 Carnival of Debt Reduction [...]
I am looking to get some help with my debt, however noticed that there are so many companies “out there.” Can you tell me if these is a defference bewtween christian debt reduction and just debt reduction?
[...] My article Paying credit cards before a mortgage was included in the Carnival of Debt Reduction [...]
@Debt Relief – There not necessarily a difference between general debt reduction and “Christian” debt reduction.
The same steps apply to each.
The exception may be when you talk about bankruptcy. Some people (both Christians and non-Chrisitans) feel it is wrong; others feel it is an option to be considered.
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“
I’ve read other comments and feel there are two ways to approach something like this – man’s way or God’s. Certainly God’s way is subject to interpretation, just like man’s way it. But when we search our heart we usually know the right decision to make.
God wants us to honor our word and pay our debts. But there are situations and circumstances where we get over our head and bankruptcy may be the only solution. It’s blantantly running up debt or credit cards and those types of behavior not condoned.