195th Carnival of Debt Reduction: Building Edition

Welcome to the 195th edition of the Carnival of Debt Reduction! The theme of this carnival is building something solid. As I mentioned yesterday, finances, like construction involves putting time and energy together to make a success. 

Having the right tools can make all the difference.

Lots of wonderful posts about building your finances up, so let’s check them out!

Editor’s Choice

• Man Vs. Debt submitted a wonderful post on “Pay Off Debt” iPhone App Review. BTW, Baker is traveling to Australia so I hope his family has a safe trip!
• Looking for ways to gather some money to pay down debt?  Coupon Tip – Making Sure It’s Always Available has advice from Money Ning.
•  Free Money Finance has some practical tips with Seven Ways to Wreck Your Credit.

Actionable Debt Reduction Plans

• Debt Free Adventure wrote a great post on Simple & Strategic Plan for Debt Repayment and Emergency Fund Savings.
• Wealth Pilgrim submitted a post called, My Kid Starts College in September & My Savings are Gone. Now What?
•  How to Develop a Plan to Repay your Credit Card Debt is detailed step by step at AmericanConsumerNews.

Planning ahead can save you time and money.

Setting Yourself Up for Success

• 5 Great Reasons to Have Less Debt is explained at Prime Time Money.
• Money Help For Christians shares a plan for a Debt-Free Christmas in 2009.
• Automatic Finances points out some of The Best News Coming Out of the Recession.
• Credit crunch means talking about money and the lack of it is a conversation started by Money Saving Tips.
•  My Journey to Payoff half a million in debt is chronicled at Money Stance.
•  SuccessHound asks if you are Having Trouble Trying To Pay Down Debt? 

Credit Card Debt Reduction  

Seeking the help of others can give you a leg up.

 

• Raag Vamdatt shows us How to use a credit card the financially prudent way.
• Looking to pay down debt without having a lot of interest? 0% APR Balance Transfer for 12 Months has a list from The Dough Roller.
• PF Credit Cards also has Zero Balance Transfer Credit Card Offers listed.
• The Digerati Life offers very helpful infromation with Prevent Identity Theft: Some Credit Report Monitoring Services and Options.

Reviews and Questions on Debt Reduction

• Christian Debt Help did a book review of the Complete Idiot’s Guide to Getting out of Debt.
• The Smarter Wallet answers the question. Should You Use Credit Cards To Reduce Your Mortgage?
• Ask Mr Credit Card interviewed Broke Ass Student – A Debt Reduction Story .

Follow guidelines, not hard and fast rules. One size does not fit all.

Misc.

Wonderful posts that defied a category, so they got their own! 

• Debt Freedom Fighter presents Increase Your Savings with 5 Simple Tips.
• Savings Toolbox asks, Are you Saving For a Job Loss or Job Change?

Photo Credit: wools, billjacobus1, jphilipg, and Todd Ehlers

• How to Fix your Credit Card Problems in 5 Steps It can be hard to know where to start with paying on your credit cards. With tuition, rent, and food on your mind, you may have skip on paying your card. That will hurt you now and in the future. Here's five steps on paying off your credit card......
• 5 Things to Do to Build Wealth in Your 20s Building wealth seems like an unattainable dream for some people. It is doable if you're willing to work and learn. Have goals you want to achieve and set a deadline. Spend less than you earn (and increase the gap). Automate your finances as much as you can. Eliminate your......

• Weekend Personal Finance Links (sore muscle edition) My wife persuaded me to go her gym's Body Pump class yesterday. Not only was my ego hurt by the women doing heavier weights more times than me, but even my finger muscles hurt. That being the case, I'm going to cut right to the chase and get you the......
• Paying Off Debt From Inheritance The other day I was listening to a local radio show about personal finances.  The host took a call from an emotional listener (I'll call her Kelly) who had recently lost her mother to cancer. Kelly's mother left behind a $100,000 life insurance policy, along with a number of other......