This week’s Blog Carnivals
Hi all,
This week I participated in a number of blog carnivals. I recommend you take a look at these carnivals as they bring together some of the best personal finance minds on the web all in one place. Along with that they provide a wealth of ideas on all topics related to debt management, savings, frugality and money in general.
Here is the list
Rich Life carnival #14 hosted at Yourfinishrichplan.com
Carnival of debt reduction #161 – Fall Colors Edition hosted at Gatherlittlebylittle.com
Carnival of Credit Report Stories October 13 – hosted at La-va.com
Carnival of Money Stories #80 – hosted at outofdebtagain.com
Festival of Frugality #146 – hosted at Aridni.com
34th Money Hacks Carnival – Fall into Savings hosted at whereyouarenow.com
6th Bankruptcy and Debt Carnival hosted at bankruptcyaccess.com
I hope you enjoy.
No related posts.
Posted in carnivals
August 5th, 2009 at 5:07 pm
Not having a budget can destroy your plans to get out of debt. If you’re not already in debt, the lack of a budget can get you there. In the basic sense, a budget is just a plan for saving and spending your money.
Why is a budget a crucial key for managing debt?
Imagine taking a roadtrip across the country without a map or compass. Sure, you might get there after many detours, turn-arounds, and delays. Or you could get a roadmap, map out your trip, and get there with a lot less trouble.
It’s the same way with managing debt. You could successfully get out of debt without a budget, but how long would it take and how much would it cost you. Instead, living out a budget will make getting out of debt much easier.
A budget will help you figure out exactly how much you can afford to spend to get out of debt. Not only that, it helps you figure out where to squeeze more money from your debt.
Once your debt’s paid off, a budget will help you keep your finances on track to keep you from getting back into debt. A budget will help keep your spending under control so you don’t have to rely on credit cards to make ends meet.
You can learn more about how to manage your debt at Debt Advice