Welcome to the latest edition of the Carnival of Debt Reduction. For those of you who are new to the carnival, it's simply a sampling of some of the best debt reduction articles from top personal finance bloggers over the past week.
Here we go:
An Offer You Can't Refuse?
Imagine that you finally landed that plum job with the prestigious company that you’ve been pursuing for four years. Further imagine that in addition to the increased salary and improved health insurance this company offers you an interest free car loan. No hidden fees. No gimmicks. The loan is truly interest free and payable in 48 monthly installments directly deducted from your salary. Further imagine that your current car is increasingly unreliable, expensive to repair and barely able to carry you, your spouse and your three small children ages 4, 2 and 8 months. Would you take the loan?
Opt Out of Debt
If you're looking to get out of debt, then you certainly don't need more credit cards. So why not opt out of pre-approved offers? FiveCentNickel offers his suggestions.
Get Focused on Getting Out of Debt
Want to hear a real-life example of how someone worked their way out of debt? Check out Boston Gal's Open Wallet and how she did it.
Credit Unions to the Rescue
Financial Freedom 4 All lists the advantages of credit unions and suggests using them to get better financing to rip your way through debt.
Debt Repayment Calculator
This post is a description of a little gem on the money.cnn.com website that gives a decent idea of a debt repayment schedule for up to three credit cards. Quick, easy, and useful, and of good value for those in debt.
No Math Needed
Tired of math? Tired of debt? Then this post is for you. Check out what No Credit Needed has to say about the non-math side of debt reduction.
Hold Off on School Loan Repayment
Here's a post from Retire at 30 that details the economics of prolonging repayment of your student loans. It argues that taking as long as possible to repay the loans is in the repayer's self interest. Decide for yourself whether this is a wise move or not.
Using Credit the Key to Avoiding Debt?
Here's an article about what to avoid ATM fees with the first step being to "use credit whenever possible". Maybe a piece for the Carnival of Increasing Debt?
Tour of Free Money Finance
I don't have an entry this week -- I'm just basking in the glow of all these other great posts. However, if you'd like to know more about Free Money Finance, you can take a mini-tour, check out my "Best" series posts to see what this blog is about, or see the top posts from last week.
Thanks for dropping in to this week's carnival!