Reduce Debt Faster

While we aim to provide all the information we can to help you reach your personal finance goals, we often come across helpful and insightful articles on other sites around the web.

So it only makes sense for us to point you to those sites and articles that will help you in your quest to get out of debt and build your personal wealth.

We will likely make this a regular feature here at Reduce Debt Faster, so if you find an article or resource that you feel is especially helpful, insightful, or useful, feel free to leave a comment and let us know! We will be happy to feature anything that will help our readers.

The Mindset to Get Out of Debt

If handling our money and finances were simply all about logic and numbers, most of us probably would never be in debt in the first place! We all have purchased things or spent money despite knowing that we really shouldn’t.

• Get Rich Slowly has a great post addressing this very subject, discussing how money matters are mostly about psychology and the mind.  While it is important to understand the principals and the math behind smart financial behavior, it is just as important to understand your personal attitudes and behaviors revolving around money and spending.
• While you’re over and Get Rich Slowly, you might also want to check out this post about setting goals for financial success.  It sounds cliche, but J.D. is absolutely right on the money about the importance of goal setting.

Even after working for a couple of years as a credit counselor, I found myself sliding further and further into debt, despite knowing better!  I wanted to get out of debt, but I made zero progress until I sat down and set specific goals and created a plan to reach them.

More on Debt Settlement

Over at stopccdebt.com, there is a great in-depth look at the facts about debt settlement.  If you are thinking about working with a debt settlement company, be sure to read this detailed comparison about the pros and cons of debt settlement.

Finally, we would like to thank Clear Choice Credit Cards for hosting this week’s edition of the Carnival of Debt Reduction. The carnival features several great articles on dealing with debt, and we are grateful for having our post on when to seek credit card debt help featured!