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Weekly Links: Debt!

By David Weliver

Ah, debt. Either you’re trying to get out of it or you’re working fastidiously to make sure you’ll never be in it. Whichever camp you’re in, debt is a constant focus of personal finance blogs. Although I like to focus on other topics from time to time, providing solid advice on dealing with and avoiding debt has its place. So this week, I give you a few stellar recent articles on debt.

Frugal Dad (@FrugalDad) published a great guest post by Wealth Pilgrim (@NealFrankle) about a young man considering buying an engagement ring while still paying off student loan debt.

PT Money (@PTMoney) answers another intriguing reader question: How do you handle somebody else’s debt when it’s in your name? (You either pay it, or destroy your credit. Either way, you then sue the guy.)

Man vs. Debt (@ManvsDebt) admits he’s a big, fat hypocrite in a personal update on his war on debt. Hey, at least he’s honest.

SpendonLife (@SpendonLife) has a guest post by PFFirewall (@PFFirewall) titled: How I paid off $20,000 of debt while still having fun. Whoa! That’s possible?

Good Financial Cents (@jeffrosecfp) explains Dave Ramsey’s Baby Steps. And since Ramsey is the get-out-debt-go-to-guy, debt-haters would be wise to read up.

Finally, many thanks to Fabulously Broke in the City for hosting this week’s Carnival of Personal Finance!

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Published on October 24th, 2009.

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5 Response(s)

  1. Baker

    Thanks, man!

    24 October 2009 at 12:08 pm permalink Reply
  2. FinanciallySmart

    One of the most challenging aspects of managing your personal finances is knowing how to control debt. It’s very tempting to start borrowing – how else can you survive if your salary remains stagnant but the cost of living continues to skyrocket?. So you are right we cannot avoid it. Thanks for these sites.

    24 October 2009 at 1:38 pm permalink Reply
  3. Jesse

    Yep, it’s possible. The rest of our debt will be paid off in about another year. Thanks for the highlight!

    24 October 2009 at 5:58 pm permalink Reply
  4. Phil

    Thanks for the mention, David. Have a nice week ahead.

    25 October 2009 at 9:38 pm permalink Reply
  5. FB @ FabulouslyBroke.com

    Thank you for the mention! Just doing my job :)

    27 October 2009 at 6:43 am permalink Reply

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