Carnival Of Debt Reduction #62

by golbguru on November 20, 2006

Welcome to the 62nd Carnival of Debt Reduction. Before I proceed with the articles, here are a few thoughts. The original plan was to host it at my (now former) site. However, things changed really fast this past week and the current site was up and running earlier than expected (thanks to encouragement from a lot of fellow bloggers) and hence the new location for the carnival. There were 26 entries for this issue of the carnival and they are all tabulated below. They are not arranged in any specific don’t read too much into it. :)
While you are here, please feel free to browse around my new site, and comment on things you like or don’t like. A humble reminder to all my readers: please update your links, blogrolls, and feeds to reflect this site. Thanks for visiting. Now enjoy the 62nd Carnival of Debt Reduction.

Overcoming Financial Paralysis Binary Dollar defines the term “financial paralysis” as “..You feel like a deer that is frozen in headlights. You don’t know what to do…” and gives tips on how to tackle it.
How To Save Money On Credit Cards has a nice article on how you can reduce your credit card APR (and save a ton of money) just by asking the credit card company.
Home Foreclosure: Questions and Answers Michael Emilio gives information on foreclosure and related issues on his blog.
Save Money by Paying Your Credit Card Bills on Time Free Money Finance reminds us about paying those bills on time. I like to add here that it’s not just the late fees that hurt, the default interest rate after a late payment can be extremely high and can cost you much more than just the late fees.
Tipping the scales-Loaning money to friends/coworkers Maria of Life Goes On blog writes about what happened when she loaned money to a co-worker. Hint: she doesn’t seem very happy about it
Getting Out of Debt (Part 3: Reducing Expenses) Erek Ostrowski of Verve Coaching writes about how financial mismanagement might be related to human nature and suggests a couple of tips to reduce expenses.
Do You Have Courage to Face Your Financial Situation? Pete of My Financial Awareness elaborates on some ideas from a David Hawkin’s book and suggests that courage can be the first step out of debt.
Day 188: Good vs Bad Debt Read about good debt, bad debt, and ambigous debt on King of Debt’s blog We’re In Debt.
Don’t Read This By Suze Ask Uncle Bill’s beef against a Suze Orman article on the topic of (bad) financial advice
100 Questions To Ask Yourself About Your Financial Mindset The Simple Dollar’s Trent gives a (long) list of hundred questions to ask about your financial health; time for some introspection and some contemplation.
How to Set up Your Automatic Savings Account Bryan C. Fleming shows how to setup an automatic savings account using an ING Direct account as an example.
Saving Money: Frequently Asked Questions Silicon Valley Blogger of The Digerati Life blog answers some hows and whys and wheres of saving money.
Don’t Break Your Bank this Holiday Season Allison of Queercents gives tips on some creativity for those of us who like to consider ourselves budget minded but generous gift givers.
Developing My Will to Avoid Debt Super Saver writes on his My Wealth Builder blog about how he avoids getting into debt by associating it with something (painful).
Help with everything: How to save money Read about Joe Caterisano’s tips on saving money on his blog Help With Everything.
Top 3 Easiest Ways to Make Money See what David B. of the How Rich People Get Rich? blog about his top three recommendations for saving money.
Debtor Myths Busted Debt Consolidation Lowdown’s author Sagar Satapathy thinks that credit card companies are pointing their fingers in the wrong direction.
Credit Card Destruction! This YouTube video is a must watch for debt haters :). Posted by Jeffrey Strain on his Personal Finance Advice blog.
Buy versus Lease To lease or not to lease..that is the question on everybody’s mind while looking for a new vehicle. LAMoneyGuy provides some information on the issue on his blog It’s Just Money.
Debt Does Drive Me Crazy Sometimes Tricia’s rant under the weight of debt on her blog Blogging Away Debt. You have a good point there Tricia about sharing your debt-depression with someone.
Impulse Control Using Just $20 Scott on Money shares his thoughts about how you can control your impulses by carrying only $20. Scott, I agree with you. I have tried it and it works pretty well. In fact, I lived the whole last month on only $10 cash :). Will write about it sometime soon.
Dave Ramsey Total Money Makeover Live No Credit Needed expresses his happiness over getting a free ticket to a Dave Ramsey event.

Other entries not directly related to debt/personal finance:

Louise Norris presents Souvenirs posted at Frugal Babe.
Big Cajun Man presents Listen Like a Welder posted at Canadian Financial Stuff.
Dr kavokin presents Hip fractures posted at RDoctor Medical Portal.
John Hill presents Repetition Is The Key posted at Universe Of Success.

Here are some of my earlier articles on debt (..ok publicity stunt here, but got to promote the new website you know :) )

How I Killed My Debt and What I Learned From It Track my debt graph right from the time I started following and hunting it down.
Really Bad Debts: How About 1303.57 % APR ? Any Takers? A rant about bad deals offered by payday lenders.
Jump Off The Medium Income, High Debt Treadmill My numerical perspective on a specific case of debt.

Read more about the carnival here and it’s founder Mighty Bargain Hunter.

Hope you enjoyed it ! Do leave a comment if you did.

Related Articles:

{ 6 trackbacks }

Frugal Babe » Carnival of Debt Reduction
11.20.06 at 9:44 am
Carnival Love: Personal Finance, Debt Reduction, Frugality » Personal Finance - Save Money at Binary Dollar
11.21.06 at 5:21 am
Blog Carnivals Of Money For November 24, 2006 » Silicon Valley Blog About Money
11.24.06 at 7:49 am
Carnival of Debt Reduction » Archives » The new Golb Guru blog has this week’s carnival!
11.24.06 at 9:58 pm
Blog Carnival
11.25.06 at 2:26 pm
Mighty Bargain Hunter » Carnival of Debt Reduction Guidelines and Schedule
04.30.07 at 5:28 am

{ 10 comments… read them below or add one }

1 Super Saver 11.20.06 at 2:36 pm

Thanks for hosting the Carnival. Particularly challenging given your blog migration to this new site and the holiday week. I like the table format of the Carnival. Also, I like the new look of your blog.

I will be updating the link to your blog. Will you keep the same name or change to The Tao of Making Money?

2 golbguru 11.20.06 at 2:45 pm

Super Saver: I think I will stick to the original name…that is the current plan. Which title one “sounds” and “feels” better to you?..just curious.

3 Super Saver 11.20.06 at 3:57 pm


I vote for the original title. It is very representative of your blog content - a wide variety of topics. The Tao of Making Money doesn’t seem as broad to me.

4 Sagar 11.21.06 at 12:43 am

Thanks for hosting the carnival.

5 mbhunter 11.21.06 at 8:27 pm

Thanks for hosting GG!

6 golbguru 11.22.06 at 4:39 am

Sagar and Might Bargain Hunter: It was a pleasure hosting it. Thanks :)

7 Binary Dollar 11.22.06 at 12:06 pm

Hey thanks! I’ve never been on the top of a carnival before. This site rocks.

8 Golbguru 11.22.06 at 8:07 pm

Binary Dollar, thanks and welcome.

9 Idova Mil 03.14.07 at 1:34 pm

US Department of Educations Collections for Defaulted Student loans Guide - Main page … individuals in default by making debt repayment a simple process.

10 Frankie 10.03.14 at 9:40 pm

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