Issue #1 - Paying off debt

We all know that debt is a serious problem in America.  As CampusGrotto points out in their article Student Debt in America, the struggle most people have with debt starts from the time they begin college, and quickly becomes the accepted way of life.  However, it is not necessary to spend your whole life in debt.

Having debt is not only a financial burden but a burden when it comes to other areas of life.  American Consumer News points out just how liberating living debt free can be in their article Financial Freedom: 7 Benefits to Getting Out of Debt.

The first step to getting out of debt is to stop adding to that debt, and to cut out unnecessary spending. Makeitbetter’s Weblog shows you how you can Free Yourself from American Consumerism.  

Getting out of Debt Begins with Self Change .  As Payday Loan Cheapskate points out, the biggest hurdle to overcome is the way you think about debt.  After you get your thinking right the rest comes naturally.

Once you have you’re thinking right, there’s a handful of tips that can help you being your journey.  Destroy Debt has provided a list of the Top 6 Ways to Get Out of Debt which consists of very simple changes you can make in your everyday habits.

If a large percent of your debt comes from credit cards, Creditor Web has some advice that may help.  In their article When it Seems Hopeless: How to Pay off Credit Card Debt they share some excellent advice on how to deal with credit card debt, and more importantly how NOT to deal with credit card debt.

You knew we weren’t going to make it through a carnival on getting out of debt without mentioning the B word.  Fire Finance has set their 2008 Financial Goals – Budgeting and Conscious Savings.  To help you get your budget off to a great start Life, Liberty and the Pursuit of Money has shared how We Saved 33% on our Grocery Bill.

We hoped you enjoyed the first issue of the Carnival of Debt Free Living.  I’d like to thank all of the participants this week.