As the fun and sun of the summer winds down to a close, I tend to do the same thing that many of you probably do: I realize how much I have overspent on my summer travels and fun and begin to turn my attention back to my finances. For many of us, summer is a time of fun and splurging. However, we all have to wake up to the reality of our personal finances eventually, and by the time autumn rolls around many of us will need to refocus on our goal to reduce debt.
With that in mind, I thought a great way to get our minds back on track would be to host the Carnival of Debt Reduction. We have previously hosted this carnival twice before, and enjoyed it every time. Each time we received great submissions from some of the best personal finance blogs on the web.
It is an honor to be able to work and interact with these very knowledgeable and talented bloggers. As always, the carnival is focused on personal stories or advice related to debt reduction strategies. Articles that are unrelated to credit card debt reduction and/or reducing debt were excluded from this edition.
If you are looking to get on the path to financial freedom, or if you are looking for advice on effective debt reduction programs, the following articles are a great place to start:
This Week’s Top ArticlesThere were a ton of great submissions this week, including some great articles that I could not include due to them being off topic. However, in my personal opinion, there were a few that interested me and stood out.
This first post truly caught my attention because it is topic that we often talk about here on this site. Jim over at Bargaineering addressed the topic of deciding whether or not doing a balance transfer is worth it. If you are thinking about using a balance transfer offer to reduce your debt, be sure to check this article out!
Another topic that we have covered fairly often is credit card debt negotiation. Craig over at Free From Broke did a great write up this week giving some outstanding tips to renegotiating your credit card debt.
And finally, Studenomics submitted a great article offering up tips on how to Speed Up Credit Card Debt Payment, a must read for everyone hoping to pay off their debt faster.
More Outstanding ArticlesThe Doughroller contributed an interesting article on ways to protect your credit score. A good credit score can give you more options for reducing debt.
PT Money discusses how student loans and credit card debt can hurt your chances of financial stability and wealth post college in this article, Does a College Education Equal Financial Security and Wealth?
Debtors Unite included a very good article that takes a look at the many different debt relief programs, which is also a topic we have discussed here often.
And last but not least, John from Best Debt Relief Plans wrote about Avoiding Debt Scams while the Wealth Pilgrim addressed How Small Business Debt Relief is Done.
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