Debt Consolidation Low Down Home

Carnival of Debt Management #2

–By Sagar Satapathy

Greetings! Welcome to the second edition of the Carnival of Debt Management. This time, we received 30 submissions out of which 24 posts managed to make the cut. Without further ado, here are the posts in the order they were received.

Andy presents 3 rules to get you out of debt posted at Money Walks. To get out of debt, you can’t just simply start off by trying to pay off everything that you’re in for, instead you need to start at the root.

Stingy Student presents Student Loan Corporation Doesn’t Know Jack posted at Stingy Students. There’s nothing wrong with placing your money in a savings account instead of your underwear drawer. However, there is something wrong with saving a part of your loan. If you don’t use up all your loan money, you should immediately return it, so you’re not being charged high interest.

Matthew Paulson presents Don’t Buy That New Car posted at Getting Green. A lot of people are stuck in the idea that they will always have a car payment. People make statements such as, “I’m always going to have a car payment, so why not upgrade to a better car?” People have seem to forgotten there is a way of life, which does not involve a car payment at all. It can be done.

Steve Faber presents Debt Consolidation Loan Problems You Must Avoid posted at Debt Free. Given that a debt consolidation loan actually can be a valid solution for some, however, here are some problems you should avoid when pursuing the debt consolidation loan option.

Trent presents The FICO Battle: Ten Common Tactical Mistakes When Dealing With The Credit Score Blues posted at The Simple Dollar. Once debt has the potential to damage your credit score, what can you do to minimize the damage? Quite often, people make errant moves. Here are ten mistakes to avoid.

John presents Get Hitched and Get Out of Debt? posted at Queercents. John puts his queer thoughts about how a young married couple can pay down their debt.

Big Cajun Man presents Financial Resume: Credit Cards posted at Canadian Financial Stuff. As part of his Financial Resume exercise, Big Cajun Man had a look at how well he had used his credit cards.

Mary Deyo presents Money Matters posted at Dr. Deyo Wants You To Be Happy. Money causes stress and whether you have it or not it can be a huge source of emotional angst. They say most divorces are caused because of fights over finances and it’s not surprising considering how much value people place on how much money you make, how much money you keep and what you choose to spend it on.

Kevin Surbaugh presents How To Plan The Unexpected posted at Becoming & Staying Debt Free. Unexpected expenses doesn’t exist if you make them part of your monthly budget.

Jack Yoest presents Are Children at Risk in Red States? posted at Reasoned Audacity. A citizen is more apt to be a victim of a car wreck or have his home burned down and personal property stolen living in Maryland. My former county in Maryland had horrific public tax-supported education, forcing the Penta-Posse into private alternatives.

Jim presents Refund Anticipation Loans Are Ripoffs posted at Blueprint for Financial Prosperity. This article just talks about how Refund Anticipation Loans are ripoffs when it comes to fees, interest rates, etc.

Murad Ali presents The importance of keeping business cash on hand posted at The New Business World. Cash flow and cash cushions are important in any business that wants to be around in the future. Too often business owners keep almost no extra cash in their business(es) and function on a hand-mouth existence.

Jane May presents Be Cautious With Student Loan Debt posted at Career Ramblings. Student loans are beginning to be more and more of a business for companies. The low interest rates (although they aren’t as low as they were 3 years ago) and the accessibility of the loans have made them a lucrative option for students.

Adam presents Priced to move posted at The Free Thinker. You are done school and have a mountain of debt. Sure you could pay it down, although you’re not making that much money. But how do you find a balance between supporting your debt and enjoying your youth? Read on…

Steve Faber presents What is Debt Doing to Americans, Anyway? posted at Debt Free. Debt, we’ve all got some to one extent or another. What is it doing to us? How has debt affected the fabric of American society? No, not society as in “Maribel, how about taking in the ballet this evening.”, but society as in the average American family.

Anco presents Daily Expenses Sheet Template posted at Tipskey – Unlock Practicality. The first thing we need to see in debt management is the record of our own expenses. This simple sheet template helps us to start.

Scott Lee presents How to Handle Your Credit Cards posted at Dirty Mechanism. Some great tips on the management of your credit cards.

Silicon Valley Blogger presents Seriously Thrifty? Some Wild Ways To Save (Part 1) posted at The Digerati Life. Follow these pointers to avoid debt.

Bryan C. Fleming presents Million Dollar Savings Club Update: Week 5 posted at Bryan C. Fleming. Get new updates on Million Dollar Savings Club.

Andrea Dickson presents U.S. personal savings rate close to Depression-era rates posted at Wise Bread Debt Management. The Commerce Department reported Monday that the savings rate fell into negative territory at minus 0.5 percent, meaning that Americans not only spent all of their after-tax income last year but had to dip into previous savings or increase borrowing.

MNC presents Be Honest With Yourself posted at My New Choice. The first step in the debt management process is to be honest with yourself and admit the mistakes you have made. This post highlights that journey for me.

Paula presents Are You Prepared to Lose Your Job? posted at Queercents. No matter how secure you may think your job is, it could end tomorrow unexpectedly. If it does, are you prepared for this emergency? Or, would you not only be panicked but also find yourself screwed financially if it happened to you?

Erek Ostrowski presents Getting Out of Debt (Part 1) posted at Erek Ostrowski. You have to adopt the practices and disciplines that lead to debt reduction to create a solid foundation for building wealth. With no foundation to build on, your personal finance demons will inevitably consume whatever level of wealth you acquire in a gleeful bath of fire.

Stingy Student presents Never pay off student loans early! posted at Stingy Students. There are many good reasons not to pay off student loans any earlier than you have to. If you refinanced or consolidated your loans during the golden age of student loan interest rates, then you can easily make free money by investing in money market accounts(MMAs), CDs and/or savings accounts with higher returns than the loan interest rate.

That concludes the second edition of the Carnival of Debt Management. You will definitely agree that it is important for all carnival participants to do their part to support the carnival and help it grow by promoting it on their personal site. We will appreciate any such gesture on your part. Thanks!

Carnival of Debt Management #2

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