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Financial Independence Day: Carnival of Debt Reduction #146



 I'm In Debt - Posted: 6/30/2008
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With the Fourth of July coming up this week, I thought our Carnival of Debt Reduction could focus on the possibilities of becoming financially independent - or "debt free". Let's see what our finance bloggers have to say about gaining their financial independence! Happy Birthday America!


My favorite submissions for their creativity go to:

* Ryan Healy presents A Brief History of Grass Lawns posted at Debt Reduction Formula. What is a brief history of grass lawns doing on a debt blog? He tells us the reason we have grass lawns is the same reason we fall into debt.

* Thriftylibrarian presents And when I am bad, I am very, very bad. posted at The Pennywise Librarians.

* Savvy Frugality presents Little Things Mean a Lot posted at Savvy Frugality.

Mortgage / Homeowners

Part of the American Dream has always been homeownership.  Unfortunately, that dream gets a lot of us into financial trouble.  Here are some tips to help you manage what is most likely your largest source of debt:

* Joy Harrison presents Cash-out refinance loan? is it a good choice for extra cash? posted at Money Sense. Many times home owners look into refinancing, second mortgages, and home equity lines of credit, but there is also the lesser known option of a cash-out refinance. Learn the pros and cons of each.

* The Financial Blogger presents How Credit Cards Help You Pay Off Your Mortgage posted at The Financial Blogger. When most people think of credit cards, they cringe at the thought of paying high interest rates and finance charges. though, it can actually help you pay off your existing mortgage – or build up credits to help you pay for your future mortgage.

* Steve_Leung presents The Nuances of Real Estate Contingencies posted at Silicon Valley Real Estate Blog. Homeowners looking to reduce their debt and sell their homes need to understand how the contingencies in real estate contracts can affect their sale.

* Joe Manausa presents Interest Rates Are Creeping Up posted at Tallahassee Real Estate Blog. Rising interest rates are making homeowners and buyers make a decision. Even if home prices are dropping, buyers are forced to consider if a cheaper house would be more or less affordable with higher interest rates.

* The Shark Investor presents Do It Yourself Projects As A Source Of Alternative Income posted at The Shark Investor. Income does not equal money, that's why do it yourself is also a method to earn alternative income.

When Is Your (financial) Independence Day?

* NtJS presents We're (still!) Debt Free! posted at not the jet set. Even those 'reluctant spouses' can come around. This couple did it two years ago. You can too.

* Silicon Valley Blogger presents 8 Simple Ways to Save Yourself a Thousand Bucks posted at The Digerati Life. Reduce debt by finding ways to cut costs and save money.

* J. Savings presents Wanna know what it feels like to have ZERO credit card debt? posted at Budgets are Sexy.  (Sorry J. for omitting your post originally, it was a bad copy/paste error! I definitely want to know what it feels like to have zero credit card debt!) 

* imarketing4s presents Qualified Financial Management.

Credit Cards

* AndyS presents Effectively Managing Credit Card Debt posted at $aving to Invest.

* bluntmoney presents Putting Your Credit Cards on Ice is Not the Way to Go at Blunt Money. 4 steps to no credit card debt.

* NCN presents Life Without Credit Cards And The No Credit Needed Experiment posted at No Credit Needed.

* Kevin presents Money Magazine: No Credit Cards and a $5700 PC  posted at No Debt Plan.

Disaster Management

America didn't claim it's Independence from Britain overnight, and most of us can't claim financial independence without a bit of a struggle, either! Here are some blog posts that help us recover from financial disasters and derailed trains.

* Debt Freedom Fighter presents Facing A Financial Disaster? Here Are Some Steps You Should Take posted at Discover Debt Freedom!.

* The Happy Rock presents Unexpected Expenses Derail The Debt Reduction Train posted at The Happy Rock.

* Tisha Kulak presents Responsibilities of Paying a Charged-Off Debt posted at American Consumer News

Comments

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