Carnival of Debt Reduction, 4th edition
Welcome to the 4th edition of the Carnival of Debt Reduction! Below you will find a mix of informative posts from various authors. We have some great submissions this week - thanks to all that participated! Now, let's get started:
Don't Save, Pay off Debt!
Jim says, "Don't Save, Pay Off Debt!" is a simple reminder to people who are in debt but still putting (non-emergency fund) savings into an interest bearing account. He provides a simple strategy to figure out which path your money should be taking. Seems like a no-brainer!
The Two Dumbest Ways to Pay Down Your Credit Card Debt
Paying down your credit cards? Great - but wait. Are you doing it the right way? See what FMF has to say about it.
9 Ways To Find Extra Money To Pay Off Your Debts
Need extra cash? Having trouble making ends meet? Cathy provides nine ways to 'find' money you may not even realize you have.
Buy Nothing Day
Dawn challenges you to hold off on immediate gratification and buy nothing for at least a day, and try to set a record for yourself with the number of consecutive days you haven't bought anything.
The Missed Fortune 101 Debate Continues
MBH has quite a debate going on over at his blog, regarding acceleration of mortgage payments (Be sure to check out the original post in the submission, where this all stemmed from!) and whether your money would be better invested elsewhere.
New "Keep The Change" Program
Jeffrey discusses the new promotion that Bank of America is coming out with to help you kickstart your savings plan. For those that have a hard time setting aside money for savings, this plan may be just what the doctor ordered...but as with anything else, read the fine print!
Online Financial Calculators Galore
The title describes it perfectly; Nickel shares a helpful link to every type of financial calculator you could dream of. Enjoy!
Nope, this isn't about Steve Perry & Co. NCN reflects back on his amazing journey from April of this year until now - he has eliminated a whopping 70% of his debt during these few months - wow! If ever you needed a motivational story to prod you in the debt reduction direction, this is it. Congratulations NCN!
Getting Out of Debt Takes Patience
Why is it that we always have to make mistakes before we learn? Hmmm. Ostrauder discusses how much more satisfying it is to purchase items in cash...and how he wishes he'd had the patience to do so all along.
I liked this post so much that I asked Lauren, a.k.a. lpkitten, if I could share it here on the Carnival. While listening to an older, but favorite song, she identifies with the lyrics and what the whole meaning of simplicity means to her. A very insightful post, indeed.
Hosed Out at the Gas Pump by your Debit Card?
If you're not familiar with my blog, take a look around. I detail my personal goals and obstacles, and share information I think may be informative. This is one such article from MSN.com.
Thanks for stopping by, I hope you enjoyed your visit! Be sure to visit Frugal Underground for next week's edition. Interested in hosting/submitting a post? Check out the schedule and guidelines here.
Have a great week!