Weekly Links: Debt!

By David Weliver
October 24th, 2009 | Comments (5)

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.

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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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5 Response(s)

Baker 24 October 2009 at 12:08 pm

Thanks, man!

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FinanciallySmart 24 October 2009 at 1:38 pm

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.

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Jesse 24 October 2009 at 5:58 pm

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

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Phil 25 October 2009 at 9:38 pm

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

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FB @ FabulouslyBroke.com 27 October 2009 at 6:43 am

Thank you for the mention! Just doing my job

Reply