Subscribe to RSSWelcome 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!) 
Living Almost Large has posted Carnival #152
Living Almost Large did a bang-up job with this week’s Beijing Olympics Carnival of Debt Reduction. Four posts got the gold medal:
- Nate Scott talks about what he wants to do as he becomes debt free
- Making Sense with Common Cents Chris Johnston discusses how dealing with debt sometimes means controlling your emotions
- Frugal Dad asks whether they should pay off credit card debt before having a baby
- Capital Couples Finance James explains to us that everyone needs to choose their own debt payoff strategy
Please check out the carnival for the rest of the great posts!
Carnival #151 is up at Mighty Bargain Hunter
Here are the picks from this week’s Carnival of Debt Reduction:
- Think Your Way to Wealth lists thirty-five places that you can find the extra cash to kick off your debt snowball.
- No Credit Needed gives five free and inexpensive ways to reduce your debt.
- Credit Withdrawal talks about getting over the low-motivation times in debt reduction.
- Debt Prison is saving some money by getting a bit more mileage out of his clothes dryer.
Enjoy!
DebtFREE-Revolution has posted the Carnival
DebtFREE-Revolution has posted this week’s 150th Carnival of Debt Reduction! Here are her three favorites:
- Pants in a Can writes about “Red Zone Finances” and takes some analogies from football to apply them to debt elimination
- I Need Motivation writes “How I Paid $25,000 in Debt Within 18 Months.“ That’s a lot of debt paid off in not that much time!
- Phil For Humanity pleads with us: STOP USING YOUR CREDIT CARDS!
The Carnival is up at American Consumer News
Thanks go out to American Consumer News for hosting this week’s Carnival of Debt Reduction!
This week we have a Secret To Life edition. The three Editor’s Picks this week are no secret, though; here they are:
Frugal Dad investigates how to identify the why of becoming debt free. (My three-year-old daughter has no problem asking “Why?” all the time, so maybe she’ll have the answer.)
Mad Kane’s Humor Blog (here’s a new one for me!) amuses us with the loose change exchange
Almost Frugal tells it straight: What do you do when you fall off the wagon?
Enjoy the rest of this Week’s carnival!