Carnival of Debt Reduction #175 – Historic Moment Edition

by Kevin on January 19, 2009

(Photo by jetheriot)

Today is Monday, January 19, 2009. Tomorrow is a historic day. The first African American President of the United States will be sworn into office. I’m honored to bring the 175th Edition of this storied Carnival to you today.

During the forever long running campaign trail, we heard a lot about hope. Hope and change. Change and hope. Yet 2008 was a bad year for most people in America at least in a financial sense. The markets crashed, jobs were lost, and homes foreclosed on. Not a lot of  hope. Perhaps a lot of negative change.

But that was last year.

It’s 2009. Political history is being made. Here at No Debt Plan I believe every reader should make financial history this year. Let’s use the slogan “Yes, You  Can.” Why not you? Why not get out of debt this year? Why not put a stop to your crazy spending problem?

It’s a new year. Make it different from all of the ones in the past.

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Editor’s Picks

Something has to Change posted by Stop the Ride! is a tough read. I really feel for the blogger and can appreciate how she has laid her family finances open, bare, for all to see.

Ryan Healy from Debt Reduction Formula shares Outstanding Debt as of January 2009. This is his regular update, but it interests me to see the above blogger struggling with debt and a second one that seems to be doing quite well. Maybe Ryan and Stephanie should get together to come up with a better plan for her?

Family Budget For Frugal Living: Living Cheap Can Be Fun, Too! posted at The Smarter Wallet, shows a different side of life — how to manage and prioritize some of those nagging expenses.

Other Great Debt Reduction Articles

Abigail Perry presents Are Americans really learning? posted at i pick up pennies. I’m doubting that this is a long term education for many Americans. Sad, but I believe it to be really true.

nickel presents Calculating Your Mortgage Refinance Payback Period posted at One of a few articles that touch on refinancing. We’re looking into doing this ourselves.

Personal Finance Analyst shares Television News’ Split Personality: Pay Off Debt vs. Spend, Spend, Spend posted at Personal Finance Analyst.

Paid Quik presents If Suze Orman were America’s Debt Consultant posted at Paid Quik.

Sun presents TurboTax and TaxCut 2008 Giveaway – Your Chance to Win One of Ten Copies posted at The Sun’s Financial Diary.

Barry ponders Keeping A Change Jar At Home posted at Associate Money. We definitely have a change jar, even though we don’t use cash very often.

PabloPabla presents Bankruptcy Is Not The End posted at The Credit Card Debt Relief Site.

David presents Misperceptions About Getting Out Of Debt posted at Personal Finance Ology, saying, “The road to financial independence begins by avoiding the money traps that get us into trouble in the first place.” Always a good plan.

J. Savings presents Does anyone know if Pet Insurance is worth the beans? posted at Budgets are Sexy. We’re currently going without pet insurance. Not sure if it is the best decision, but we’re crossing our fingers that it is.

FMF presents Free Money Finance: Frugal Millionaires on Investing and Mortgages posted at Free Money Finance, saying, “Guess what? Frugal millionaires minimize debt!” There’s a real shocker, FMF!

Scott Crawford gives us Advice, Tips, and Techniques to Eliminate Debt: Step One posted at DebtGoal, saying, “Sometimes getting started is the hardest part. Here are the first steps to take when starting to reduce debt.”

The Happy Rock presents I’ve talked the talk, but have I walked the walk? posted at The Happy Rock. It’s always good to hold yourself accountable.

PT presents A Plan to Be Debt Free in 2009 posted at Prime Time Money. Plan first. Execute second. But remember to do both!

Silicon Valley Blogger presents Applying For A Credit Card? Review The Credit Card Bill of Rights posted at The Digerati Life.

Debt Freedom Fighter shares Why Reading a Credit Card Review is Important posted at Discover Debt Freedom!.

Debt Free Destiny presents Marriage and Money Making it Work posted at Debt Free Destiny.

Ray K presents Save Money By Always Being In A Contract posted at I was kind of shocked by the title of this article, but it made sense after I read it.

Curt presents Understanding the Economy: Part 1 posted at

Madison presents Time to Refinance? posted at My Dollar Plan. Another refinance article — I really need to get the ball rolling on that.

Josh presents Strategies for Paying Off Debt posted at Centsability to Wealth.

SingleGuyMoney presents I Got A New Car Yesterday posted at Single Guy Money.

The Passive Dad gives us a list of Frugal Food Ideas for 2009 at The Passive Dad.

David shares a list of 12 Easy Ways to Sabotage Your Financial Life in College over at Pimp Your Finances.

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