Welcome to this week’s Carnival of Debt Reduction!
My favorite submission this week is from PT Money. He shares how to opt out of credit card offers and junk mail in general.
This is an excellent idea, and I highly suggest you follow this advice. Because the more offers and advertisements you receive in the mail, the more likely it is that you’re going to spend money you shouldn’t be spending.
My second favorite submission was from Mighty Bargain Hunter. He suggests kick-starting debt reduction by selling your stuff.
One tip he shares was new to me. He writes: “A nice collection of DVDs can be sold as a lot on eBay for a few hundred dollars (or more).”
I hadn’t thought of selling small items in lots before. This would probably work well for many different kinds of collections. Just something to keep in mind if you need to raise money quickly to pay down debt.
Here are some other good articles worth reading:
- Free Money Finance has a credit card beef with Dave Ramsey.
- Debt Relief Options has a post on, well, debt relief options.
- Christian Personal Finance gives five reasons why you may not be out of debt yet.
That’s it for this week. Thanks!