Carnival of Debt Reduction #5
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Kind of a quiet week for the carnival, but I think you’ll enjoy reading the submissions.
At the forefront of at least a few minds is the new bankruptcy law that goes into effect today. Jim is cautiously optimistic about the law, as he reports in his post “Bankruptcy Law (S.256) In Effect“. He also references a previous post on the same topic that looks at some of the reasoning behind the law.
nickle’s post “Bankruptcy Deadline Looming” provides excellent coverage of the new law, describing the differences and what their likely effects will be. Lots of good numbers and commentary here.
Since spending less money is at the heart of debt reduction, I’m glad to see some good posts dedicated to that topic. Jeffrey questions “Savings Assumptions” and looks at an instance where he assumed he was saving money, when he was actually spending more than necessary. I know I’ve done the same thing!
Dawn addresses the essentials of “Climbing out of Debt“. She was inspired by a NYT article and has distilled the process into clear steps. FMF summarizes some interesting reader comments in “Comments: Spend Less than You Earn” and links to some excellent articles as well.
I hope you’ve enjoyed the carnival! Next week’s carnival will be hosted by Dawn at Frugal for Life. Read the submission guidelines and view the schedule.
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Thank you for hosting, much appreciation.
Nicely put together. Look forward to reading the submissions. Thanks for hosing.
Thanks for hosting this week’s carnival! Great job!