Carnival of Debt Reduction 126: Success, Progress, Attitudes, and Steps
February 11th, 2008 by Ana
Here we go again, another Carnival of Debt Reduction, my personal favorite of course! LOL I thought about doing a Valentine’s Day theme, but the entries lent themselves to a different angle so why fight the current of thought?
SUCCESS: The Ultimate Inspiration! These bloggers have experienced their personal successes at reducing or eliminating their debt, and share with you. I don’t know about y’all but I draw great inspiration from reading about others who have gone through the same debt ordeal and emerged triumphant.
- NCN celebrates Being a Debt Free Blogger for Two Years this week. What an impressive anniversary! I wanna be just like him….
- squawkfox relates the impressive feat of How I Paid Off My Student Loans in SIX Months. Forward this one to a college student set to graduate this spring, it’s impressive!
- PaidTwice has gotten back on track and Paid Off the Credit Card even after the whole car repair ordeal. Way to keep at it!
- Nathaniel doesn’t have a complete success to report, but does take a positive look at his first month’s progess as he starts his journey to eliminate his debt. Keep at it! It’s worth it!
- small cents found 100 Euros extra income in February, and hopes to add even more in her struggle against her student loans. Go get it!
METHODS to use to reduce or eliminate your debt. We’ve all got’em, and these bloggers share theirs big and small.
- Patrick Sizemore gives a harsh lesson for college students who should make a college budget. He doesn’t pull any punches, but I know a lot of my classmates who need this in-your-face approach before they dig themselves too deep.
- Will Fox goes over how he went about creating a budget that works for him. I’ve often said a budget is the key to getting your personal finances under control!
- Shawna shares her secret to debt reduction success … nope, not gonna give it away, but this one is good for those who have trouble with the idea that debt reduction isn’t any fun.
- Brooke has a simple yet effective way to pay off the mortgage early. Such a simple concept, yet it works every single time.
- Raymond has a list of zero interest credit cards that can be used to surf balances while you are in the trenches fighting those high balances. Not to bust your chops, Ray…but I don’t recommend his other use for these.
- Meanwhile, Veteran Military Wife has a few things for you to consider before you switch credit cards again. An interesting flip side to Raymond’s post.
- simple nickel goes over what APR is and just how it can kick you in the teeth if you aren’t careful.
- vh examines the break-even point in her debate on whether to refinance or not. Always something to think about before you refinance to lower your mortgage payment!
- Michael Bass discusses reasons to stop using credit and pay with cash. Lots of good examination on this controversial PF blogging topic!
- Jeremy Zongker discusses statutes of limitations on debt in a very lawyerly fashion, so if you’ve got an old debt dogging you, arm yourself with facts!
ATTITUDES: about debt, about getting out of debt, and about how your money affects your life in general. Relax on the couch for a minute, and read as these bloggers delve into the psychological side of debt.
- Trent Hamm gets personal as he says You CAN do this! He did it … once he had a serious talk with that guy in the mirror. He also outlines way to start the conversation with your mirror.
- Cynthia talks about how she hates that her debt has constrained her choices for her daughter’s preschool. The decision was made by money … or the lack of it.
- Mr. DebtBeater is inspired by a story of a woman whose spending is out of control. He realizes he hasn’t been much different, and makes the resolve to not be the next such news story.
- KC Lau talks about how the mythical “Joneses” must have moved to Malaysia and his advice is “Dont’ spend money you don’t have to buy things you don’t need to impress people you don’t like!” Gee, I thought it was just an American thing…
- Dorian Wales asks the hard question, “When is reasonable to take out a loan?” and suggests four criteria for making that decision.
- Mr. Credit Card takes a look at the most common debts on people’s balance sheet. Well, if you can’t identify the target, this will help.
- Finally, Ryan tackles everyone’s favorite political football here in the U.S. and asks, “How will you spend your tax rebate?” Put me firmly in the “save” category here…how about y’all?
Whew, that’s a lot of blogging for just my first cup of coffee! Next week, PaidTwice gets to slog through all the blog posts to put together a coherent carnival :) No pressure, PT! LOL
Posted in blog carnivals, debt |
February 11th, 2008 at 12:14 pm
[…] Success, Progress, Attitudes, and Steps Edition is being hosted by DebtFREE-Revolution. I look to be featured with my article on How I Paid Off My […]
February 11th, 2008 at 12:17 pm
Thank you for listing me as a “success” DebtFree! I am truly blushing. Thank you for both the mention and for hosting!
February 11th, 2008 at 12:39 pm
Thanks for the listing - rock on.
You’re so close to being debt-free…woot~!
February 11th, 2008 at 1:15 pm
squawkfox, I’m sure most folks will agree with me: a $17K student loan paid off in 6 months IS a success!
Patrick, I am so close I can taste it….
February 11th, 2008 at 1:41 pm
[…] time I also came across another carnival (probably my favorite) that I was listed in! It was the Carnival of Debt Reduction 126 hosted by Debt Free Revolution (who is just weeks away from receiving her tax return and being debt free except for the […]
February 11th, 2008 at 2:13 pm
thanks for hosting this week! this post was just as enjoyable reading as the actual blogs.
February 11th, 2008 at 3:48 pm
NCN’s post is motivating and I hope I get to post that one day.
February 11th, 2008 at 4:53 pm
Well my chops have been busted.
I definitely don’t recommend 0% balance transfers for most people…but for certain more credit responsible individuals…I think it works very well. For those who have difficulty multi tasking and juggling credit payment obligations, definitely stay away (the vast majority I think).
February 11th, 2008 at 4:58 pm
indeed, we need a debt revolution! i’m glad someone has started it. thanks for including me in this week’s carnival.
February 11th, 2008 at 5:56 pm
Nathaniel, TY
I am glad you enjoyed it.
Laura: I ***WILL*** write that post myself … in a little over two years. No hoping here. You can do it also. (And yes NCN’s post was VERY inspiring)
Raymond: No hard feelings man, but you knew from last carnival I hosted I am very anti-arbitrage
simple nickel: join in! (and don’t forget the “free” part … the goal is debt FREE revolution)
February 11th, 2008 at 8:51 pm
[…] Posted on February 11th, 2008 by mbhunter Thanks once again to DebtFREE-Revolution for hosting this week’s Carnival of Debt Reduction. Success, methods, and attitudes were the broad categories for this week’s submissions. Check […]
February 11th, 2008 at 8:51 pm
Thanks for hosting DFR! Nice job.
February 12th, 2008 at 8:37 am
[…] Carnival of Debt Reduction 126 - hosted by DebtFREE-Revolution […]
February 12th, 2008 at 6:06 pm
[…] Carnival of Debt Reduction 126: Success, Progress, Attitudes, and Steps - read posts on how one blogger has stayed debt free for two years, the good and bad to moving debt on credit cards and the most common debts that people carry. […]
February 13th, 2008 at 4:42 am
[…] Retirement Extreme held my rapt attention.Festivals and Carnivals were busy too this week:- The Carnival of Debt Reduction over at DebtFREE-Revolution.- The Carnival of 20-Something Finances over at […]
February 14th, 2008 at 10:58 am
[…] the Carnival of Debt Reduction was at frequent host DebtFREE-Revolution and featured my post Yes, I Paid Off My Credit Cards. I am hosting this carnival next Monday so get […]
February 14th, 2008 at 11:38 am
[…] the 126th carnival of debt reduction […]
February 15th, 2008 at 10:31 am
[…] Silicon Valley Blogger wrote a good informative introductory piece about P2P last month, and even submitted it to the Carnival of Debt Reduction. I feel bad about not being able to include it […]
February 17th, 2008 at 2:09 pm
Read through all the carnival posts…very interesting…thanks for hostessing this party!!!
May 8th, 2008 at 12:58 pm
[…] time I also came across another carnival (probably my favorite) that I was listed in! It was the Carnival of Debt Reduction 126 hosted by Debt Free Revolution (who is just weeks away from receiving her tax return and being debt free except for the […]