And welcome to the new and improved location of my blog at www.paidtwice.com! I took the plunge last week and got my own domain after blogging for the past several months on a wordpress.com blog. My regular readers will notice the theme got an update, my spouse and I have been working behind the scenes to tweak the blog’s look and unveiled it just last night. Thanks for visiting and if this is your first time here, you can learn more about me here, and feel free to subscribe to my RSS Feed and the aggregated M-Network feed as well!
On to the carnival! There were many high quality submissions this week. I learned so much reading all of them! There were many great and inspiring on-topic submissions as well as a number of off-topic but well-written entries, I have included the off-topic ones at the end in the “Beyond Debt” category. It is good to think about what could be in the future even when struggling with the present.
The 6 editor’s picks this week for required Carnival of Debt Reduction Reading are:
My favorite article this week was from Teaspoon, with Do You Have an Emergency Fund? – If Cash is King, Then Don’t Neglect His Good Looking Brother, the Prince of Credit! posted at Teaspoon Finance . Honestly, I loved this article, despite the fact that I don’t agree with the whole basic concept presented in it. It is a well-written, very well-thought out discussion and drew me in despite the fact that it is contrary to my opinion. Enjoy!
My next editor’s pick is Matt at One Million and beyond who presents The Emotional Impact of Debt. I could relate to much of this article. Debt can be such an emotional as well as financial weight on your whole being.
My next two editor’s picks are about the same topic but slightly different perspectives, and both great plans for action. How do you get out of debt? Looking at these two plans will probably help! First up is glblguy with Key Steps You Can Take Now To Get Out of Debt posted at Gather Little By Little. Another list of steps to take to get out of debt is at Moolanomy, presenting presents 10 Baby Steps to Financial Recovery. Both these articles can teach anyone at least one new consideration in debt reduction.
My final editor’s pick comes from Lynnae, who writes about The Power of Advertising, as Demonstrated by My Son at Being Frugal. It may be that I have a 3 year old that constantly chants “Blue Clue! Blue Clue!”, but this really resonated with me. Teach our children well.
I organized the rest of the carnival by general topic: Debt Stories, Dealing with Debt, Consequences of Debt (or don’t get in debt at all), and finally, Beyond Debt (the finance related but not quite debt related posts). Enjoy!
NCN presents Dave Ramsey Rocks! (Even IF He Is Bad At Math) posted at No Credit Needed. NCN was the first personal finance blogger I ever read and he is a testament to the fact that Dave Ramsey’s method does indeed work.
Dealing with Debt (the largest category!):
David at My Two Dollars brings the next installment of his excellent “Get out of Credit Card Debt” Series, The Start Digging Out Of Credit Card Debt Challenge – Week Five. I am a participant in his challenge and I have successfully gotten Capital One to lower my interest rate following his plan. I’m a believer.
A Bankruptcy Lawyer’s Blog presents 100k In Credit Card Debt Is No Reason To Go Bankrupt. Bankruptcy is a very serious step, think about what else could come first.
I don’t know much about debt consolidation, but there were two submissions about it this week if you want to learn more about it. Mortgage Blog presents Debt Settlement for Reducing Debt. And Abdulrasool presents How to Create a Debt Consolidation Plan posted at Debt Consolidation Loans.
Saving Advice Blog presents 51 Ways to Save Thousands on the Costs of Borrowing Money. If you need to borrow this is where to look first.
Consequences of Debt:
Allen Taylor presents Good Stock Investments – How To Spot The Best Stocks For Your Portfolio posted at Investing World Today.
And that’s the carnival! I hope you enjoyed reading it as much as I enjoyed writing it!