M is for Money

Spring has finally arrived. That means it is time to clean out the debt of years past and like flowers in bloom, start anew. I know what it feels like to be in debt, I once owed over $20,000 to credit cards. It was a hard lesson to learn. I encourage you to check out my series Deliverance from Debt, which breaks down debt reduction into a progression of steps based on my own experience.

-NCN at No Credit Needed talks about his approach to the classic problem Debt Reduction and The Emergency Fund. How important is an emergency fund to getting out of debt and how much should you save?


-Destroy Debt gives warning about Get Out of Debt Scams – many companies prey on people’s vulnerabilities, scams targeting debtors are common. Here are a few tips on avoiding these scam artists.

-Personal Grants to Pay Off Debt courtesy of Finance Tips 101 - a look into the truth behind ads promising government grant money to help pay off debt.

-The Consolidator presents The Truth About Debt Consolidation Loans at Debt Consolidation for Beginners – learn all you can about these loans that promise to help you get out of debt (before taking one out).

-Mrs. Money Tightwad gives Confessions of a Spender: Owning Up to Debt and Tooting Your Own Horn at Modern Tightwad – acknowledging you have a debt problem is the first step to dealing with it.

-PF Credit Cards presents Changing your Discover Card’s Payment Due Date – you can change the due date for your Discover card payment to a date that is more convenient for you, this may help prevent late payments.

-Steve at Debt Demolish gives his 10 Vital Steps to Demolish your Debt. Everyone needs a plan to get out of debt, here is the key to Steve’s plan for his own debt.

-Leave Debt Behind discusses What is Debt Settlement and How Does it Work? Many people heavily in debt consider debt settlement, but what is it and do you need to hire an expert to help you?

-Apply 4-Credit asks Should I Pay Only the Minimums on My Credit Cards? Sometimes it makes sense to only pay the minimum towards a debt.

-Credit Card Assist brings us Digging out of Debt – Credit Cards First. How should you organize and tackle your debts?

Money Management

-Money Ning talks about The Latte Factor and Becoming a Millionaire – is the Latte Factor the only thing standing between you and riches, or is the concept a myth?

-FMF at Free Money Finance presents The Best Cashback Credit Card – wise use of credit cards can make you money through the card’s rewards program, FMF looks at a few of the better cards.

-CPF at Christian Personal Finance presents a personal story Money Mistake #1 – Paying too Much for a Car. This is a mistake many people make at some point, unfortunately that mistake often comes with a loan (and more debt).

-Vital Motion gives tips on Negotiating with Car Salespeople: How to Get the Best Deal on Your Car – many people go into debt in order to buy a car, here are some tips to negotiate the price and reduce the amount of debt you take on.

-ALERT: Refinance Your Mortgage Now says The Dough Roller! Mortgage rates continue to fall so if you can refinance, now is the time to do it.

-Payday Loans Review looks at Payday Loan Flipping – are Interest Rate Caps the Answer? Many studies show that the payday loan borrowers are repeat customers, so how can you break the cycle?

-Jim at Bargaineering brings us Saver’s Credit: Retirement Savings Contribution Tax Credit. This little known credit helps lower income Americans save for retirement.

-The Smarter Wallet shares with us Wesabe Review: A Free Online Money Management Tool. Here is one online tool that will help you manage your money, all for free.

-Kate at The Paycheck Chronicles talks about No More ATM Fees. These pesky fees eat away at your money, Kate brings a few tips for avoiding them.

-Kathryn at Out of Debt Christian looks at The Relationship Between Clutter and Money. Cleaning out the clutter in your life just might save you money too!

-Shaun of Short Terms Loans explains Why You Shouldn’t Get a Short-Term Payday Loan. Payday loans trap many people in a cycle of debt with a high interest rate.

Photos courtesy of: Oakley Originals, Laram777, Noe, Peter Baker


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