Carnival of Debt Reduction #124

Posted by Madison on January 28, 2008

Welcome to the 124th edition of the Carnival of Debt Reduction started by Mighty Bargain Hunter. Since it’s the 124th carnival and last Thursday was 1/24 or January 24, let’s learn some fun facts about that day from Wikipedia while we read about debt reduction!

Editor Picks

Amanda made a goal to eliminate credit card debt in 2008. She’s on track and has paid down a third of it since August. Keep up the great work Amanda! On Track to Meet my Goals (Check the stats!) posted at Me vs Debt.

Ryan reduced his debt by $779.74 over the last month. He’s trying to decide if he should sell his motorcycle to help speed up the debt repayment. Debt Reduction Progress as of January 2008 posted at Debt Reduction Formula.

Abby Freedman presents Pay it forward: Attack your debt twice a month posted at Smart Spending. Abby reveals a deep dark secret: “My mother writes for Smart Spending and I am in credit card debt.” She explains what it was for and how they are paying it off.

paidtwice presents Developing a Snowflaking Mentality posted at I’ve Paid For This Twice Already…. Jaimie has paid off over $4,000 in debt just by snowflaking. She shares five tips to make snowflaking a success.

Glblguy presents A perspective on debt consolidation posted at Gather Little by Little. Instead of consolidating debt, glblguy is taking a look at the root causes. He also examines additional costs that consolidation might add.

When Ana decided to make the move to get out of debt last year, her husband didn’t see what the big deal was. See if he got on board in Reluctant Spouses, Compromise, and Debt Reduction posted at Debt Free Revolution.

January 24, 1984 – The first Apple Macintosh went on sale.

By the Numbers

Silicon Valley Blogger presents 12 Strategies For Saving Money While Paying Your Bills posted at The Digerati Life. These tips will help you pay down your debt faster by saving you on interest and fees.

NCN lists 6 simple steps to get out of debt in Back To The Basics: How To Get Out Of Debt at No Credit Needed. NCN used this method…. proof that it works! 

Six must be the popular number, as Jeremy Zongker lists the Top 6 Ways To Get Out of Debt posted at Destroy Debt.

Lauren Rose presents 7 Common Sense Tips to Eliminate Credit Card Debt posted at No Debt Anymore .org. She asks, “Why is credit card debt so hard to eliminate? Here are 7 common sense guidelines to eliminate credit card debt.”

Rocketc moved from a negative net worth at the beginning of 2007 to a positive net worth at the end of the year. See how he did it in Control the behavior, don’t just limit your options at Rocket Finance.

January 24, 1935 – The first cans of beer were sold in the United States. They were Krueger’s Finest Beer and Krueger’s Cream Ale.

Using tax money to pay down debt

Pinyo recommends using the economic stimulus tax rebate check to pay down debt as the best course of action in What To Do With The Fed Economic Stimulus Package Tax Rebate? posted at Moolanomy.

Likewise, Single Guy Money suggests paying off debt with your tax refund in Suggestions for your Tax Refund – Part 2 posted at Single Guy Money.

January 24, 1965 – Winston Churchill, soldier, politician, historian, Prime Minister of the United Kingdom and Nobel laureate, died.

Ways to Avoid Going into Debt

Lynnae presents Your Past Influences Your Present posted at She examines what the relationship was with money growing up and how it affects her spending today. Citing a weakness with clothing she came up with an action plan to prevent overspending.

Harrison presents The Ways to Stop Acquiring New Debt posted at Journey To Financial Freedom. If you want to get out of debt, then you must stop acquiring new debts. New debts only make your problem worse.

Stephanie asks herself Can I Live Without a Microwave? in order to avoid additional debt. See what she decided at Stop the Ride!

RacerX presents Easy Savings to Your Budget Using Cash posted at Life, Liberty and the Pursuit of Money. In order to stay out of debt, use this handy cash budget plan.

January 24, 1968 – Mary Lou Retton, American gymnast, was born.

Student Loans

Ted presents Student Debt in America posted at CampusGrotto. He goes through the various student loans available and how to compare them.

More Debt Reduction Topics

Argonautica shows an alternative to reducing your debts is to run away from them in Walk Away From Your Home? posted at Golden Fleece Blog.

Jim reviews the programs and options available if you have tax debt in IRS Mind: Tax Debt – A Realistic Solution – “There is no such thing as a free lunch” posted at IRS Mind.

Mr Credit Card presents Time to Reduce Debt Quickly Now posted at Ask Mr Credit Card’s Blog. He asks what implications does the economy have for our most common debt – credit card debts and our mortgage and presents steps to eliminate the debt.

Gary Antosh explains consolidation in terms of laundry in Debt Elimination Debt Consolidation Team Players posted at

Michael Bass admits he has $7,000 remaining between Discover Card and Citibank. So why has he stopped making budgets and pinching pennies when the end is so near? See why in Staying within Budget is all about Focus posted at Debt Prison.

Amy Allen Clark presents Does Your Safety Net Look Worn Out? posted at Amy Allen Clark. She’s trying to determine what is more important? “Building up your emergency fund or paying down your debt?”

Nadege presents How to curb impulse buying posted at fabulous finances. These steps to avoid emotional impulse buying will help you to become debt free.

Kristin presents My beloved Supra has become a money pit posted at The Financial Engineer. Kristin is beginning her debt reduction plan. Hopefully by taking an objective look at how much her car is costing her, she can take action!

JvW presents I May Have Ruined My Husband’s Credit posted at The Good Life on a Budget. JvW paid off a credit card and then completely ignored it, forgetting about the one automatic payment on it…now there are late fees and a past due balance.

This week’s carnival had 37 submissions, 28 are included here. Broke Grad Student will be hosting next week. Submit your articles!

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Comments to Carnival of Debt Reduction #124

  1. Going to show my age a bit, but I remember when the first Macs went on sale…heck, I remember when the first Apple went on sale!

    Great job, and thanks for choosing my article for editor’s pick!


  2. Great job hosting, and thanks for including my post!

    Apple computers….takes me back to junior high! My very first computer class. Didn’t know what I was doing then, and sometimes I still wonder whether I know what I’m doing. 🙂

    Lynnae @

  3. Thanks for hosting, and for the h onor of being an editor’s pick! 🙂 Yeah I remember Macs coming out…but Dad was an Atari man so we had those.

    Debt Free Revolution

  4. 🙂 Thanks for hosting and highlighting my post as an editors pick! It means a lot to me, I appreciate the support!

    Amanda @ Me vs Debt

  5. Great job with the carnival. Thank you for including my post!

    Pinyo @ Moolanomy

  6. Thanks so much for hosting… and thanks for choosing my post as an Editor’s Pick! I really appreciate it.

    Ryan @ Debt Reduction Formula

  7. Thanks for including my article! Nice work hosting.


  8. Thanks for the include!!! And link from my homepage as well.

    Great Job!


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