Mighty Bargain Hunter

Four and twenty Debt Reductions, baked in a pie

February 27th, 2006 | by mbhunter |

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Two dozen Carnivals of Debt Reduction already, and it’s back to home base. Thanks for all of the great submissions!

Here we go!

• Five Cent Nickel heads off the pack with some chat about Dave Ramsey’s Baby Steps — apparently he has a soft spot for some of Dave’s ideas.
• A top ten list for debt causes, reported by Free Money Finance.
• “Getting out of debt and into my dreams!” is the raison d’être for The Debt Hater. She’s already won a big chunk of the battle. She has a plan!
• Another great take on tracking where the money goes, courtesy of Aridni. Includes a helpful rule of thumb if you can’t write down where every penny goes.
• A key to debt reduction is not acquiring new debt, especially when you don’t have to. Searchlight Crusade paints a not-so-rosy picture of reverse annuity mortgages and expounds on why they’re often a lousy idea.
• Want to get out of debt? Hire a debt consolidation service! Well … not so fast. Jim, the Blueprint guy, says it’s all right to just say no.
• Trainwreck continues to pay down his credit cards by selling his stuff, according to the 12-month rule.
• A good read if you’re in debt is Liz Pulliam Weston’s new book, reviewed thoughtfully by Personal Finance Advice.
• Here’s some fresh commentary on the new bankruptcy laws. (What better a place for a pig in a poke than Below the Beltway?)
• A nice story from Uncle Bill on paying $500 to fix up an older car instead of acquiring loads more debt for a new one. (Side note: It’s nice to know that my wife isn’t the only person who names her vehicles.)
• Updates from the members of the No Credit Needed Network. I’ve said this before, but I’ll say it again: This is a great idea.

That’s it for this week’s carnival! Next week: Pluebint for binan… uh, Prosprint for bluenational… Frosblint for prosnotional finacity… oh heck! It’s being hosted here!

Also, special thanks to our carnival sponsor, Debt Free LLC!