Carnival of Debt Reduction Edition #92

Welcome to the Carnival of Debt Reduction #92. I hope everyone had a wonderful fathers day weekend.

First of all, I want to thank John of Might Bargain Hunter for giving me the opportunity to host this edition. I was really surprised to see the number of submissions to this edition, it was really low.

As always, there were really good articles submitted so please take your time to read these posts. I made some comments on the articles and also took out a quote from each just to give a small idea on what each article talks about. I hope you have a great time here and take a lot out of these great tips with you. Without wasting any more of your time, here are the articles for edition #92:

These articles are in order in which they were submitted

Personal Finance Blog Articles on “Getting Money to Finance Your Purpose in Life“.

Editors Note: This is a nice article on how to get into the right mind set into helping you get out of debt. “No matter how much you earn from these financial streams of income, you must manage your money effectively….
You can have as much money as you want because money is an energy. You may need to change the way you think about money”

3 Debt Consolidation discusses “When Is Your Credit Card Debt Too High?“.

Editors Note: Also shares a nice list of ten indications that shows you carry too much credit card debt. “You know your credit card debt is too high when you have to spend more than 20% of your take-home pay towards paying off the interest + original principal balances on your credit cards”.

Stewart Hsu shares his experience on “Advice from a Billionaire“.

Editors Note: Stewart’s right, its not everyday that you get the chance to hear a billionaire speak about their experiences and their success stories. This article points out some useful tips from a billionaire. Stewart says “Sitting in the audience, what made him so compelling was the genuineness and warmth in which he spoke; I personally felt he was speaking from his heart”.

Family Finance Blog tells us “How to get out of debt – one day at a time“.

Editors Note: “Debt is one of the easiest things in the world to get into and one of the hardest to get out of. There are thousands upon thousands of tips for getting out of debt whether it be slowly or quickly”. FFB is right, debt is so easy and so inviting with hard temptations and once you’re in debt its so hard to get out of. Like what FFB says, take it one day at a time.

The Happy Rock posts, “Having Goals Is Great, But Having Purpose Is Better“.

Editors Note: Happy Rock gives us two situations in which deals with getting out of debt and explains that having purpose is the key success in becoming debt free. “Having goals is very helpful, but having purpose will change your life.”

Golden Fleece Blog on “Bundling Cable, Phone, and Internet Costs More“.

Editors Note: The title says is all. Read on to get some advices on how you can save money on cables, phones and internet costs. “One advantage to bundling is that you can periodically call your cable company and threaten to cancel, citing the low promotional rates offered by its competitors.”


Might bargain Hunter
explains that “A mortgage is still debt that needs to be reduced

Editors Note: Amy has a debt of 72,000 and she wants to pay it off by April 2009. Now that’s a great goal, shes going to have to pay roughly 3,000 each month to pay that off in time. MBH says, “I wonder why there‚Äôs not the same urgency for people to pay off their mortgages”.

No Credit Needed says he prefers “Creating The System Versus Doing The Work“.

Editors Note: NCN has many tips here on techniques for building better systems. “First, you need a budget that you can setup, modify, and actually use. Elaborate, fifty-page, multi-screen budgets only work for a select few. Create a budget can and will actually use”

That about concludes this edition of the Carnival of Debt Reduction. I hope you will take many tips from these articles and apply them somehow in your life. I hope you will have a great week. Submit your articles for the next edition of Carnival of Debt Reduction here.

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