Debt Movement Roundup: Budgets Make Sense, Debt Doesn’t

We are now officially just two weeks away from beginning our quest for total debt annihilation. I know I am pretty excited about the debt movement and so are the 1500 people that have already joined us!

The Debt Movement community is growing every day. Conversations are happening on the Debt Movement Facebook page (like us to join in), bloggers are writing about it, and best of all we have some money to giveaway!

Our goal isn’t fanfare or recognition. Our goal is to give real people struggling with debt the resources, support and tools they need to make debt freedom a reality.

This week we’ve scoured the blogosphere for posts that can help you make sense of budgeting and decode your debt.

Budgets Make Sense

  • Farnoosh TV  WHAT’S YOUR MONEY PERSONALITY? “After extensive research, Linder wrote ”What Will I Do With My Money?,” a book examining personality types and how they impact our behavior, especially the decisions we make (or don’t) with our money. Based on established psychology theory, he reduced the 16 known personality types into four larger categories: protectors, planners, pleasers and players.”
  • Couple Money  Screwing Up with Money (And then Fixing It) “I saw a great quote -”Everything happens for a reason. But sometimes that reason is that you’re stupid and you make bad decisions.” I got a laugh from it, but it reminded me that sometimes our problems, including money, are brought on by our own bad decisions. While they can be big problems, like a huge amount of debt the good news is that you can usually get out of them by making better decisions with our money.”
  • Wisebread  How to Do a One-Month Spending Freeze “Similarly, if you’re looking to overhaul your finances – whether you want to pay down debt, save more, or just spend your money wisely – you can develop little habits bit-by-bit, or you can jump into the pool with a spending freeze. By cutting out all unnecessary spending, you can jump-start your financial goals – and discover lots of fun, free things to do that you might have never thought of.”
  • Bargaineering  6 Ways to Get Yourself Off to a Financially Fit New Year “With the New Year already upon us, now is the time to make some changes in your personal finances. You may very well face a tax increase in the near future, and with a continuously slumping economy, you can never be too careful. In order to protect yourself in the face of financial uncertainty, here are five tasks to complete in 2013.”
  • Money Talks Coach  Do you need help with your budget? “I consider myself a budgeting expert. I LOVE budgeting! Using a budget will change your finances forever. When you have a budget that works for you, you will make better financial decisions. I sincerely believe that using a budget is the single most effective way to get control of your money and reduce the financial stress in your life.”

Debt Doesn’t

  • PT Money  How to Deal With the Unhealthy Stress Caused by Debt “Getting out of debt has intangible benefits and can help you become a happier and healthier person. Last year when I became debt free, I discovered first hand, how interconnected being in debt is with the overall health of your mind and body.”
  • Brad Chaffee  My Debt Free Story “For most of my adult life I have played the credit score game, maxed out my credit cards, and struggled a little LOT with impulse spending. If I wanted something, I got it, and if I didn’t have enough money, on the card it went.”
  • So Over This  Why Broke People Drive Nice Cars “The definition of “broke” is very subjective. To some, it means anyone who has any kind of debt. To others, it might mean someone who has credit card debt. I’ve even seen people referred to as “broke” because their emergency savings can’t pay their bills for some ridiculous number of months or years. No matter how you define the term, the idea of broke people driving nice cars is more than many people can stand. Obviously it’s not a good idea to buy a car (or anything else) that you can’t afford. But who decides what another person can and can’t afford? Is there a formula? And how does anyone truly know another person’s entire situation?”
  • Money Matters  Debt Is Like Quicksand: The Struggle To Escape Can Often Lead To Greater Problems “One debt begets another as people take out high interest loans to pay for their mortgage, or a credit card debt. They do a payday loan to try and make it to the next paycheck. They do a title loan on their car and lose it once they can’t pay back the loan. In other words, they play a shell game transferring debt from one loan or card to another, hoping to stave off the final collapse as long as they can. People dig deeper precisely because they long to escape. In the end the debt always seems to catch up and people end up in foreclosure and eventually bankruptcy. It can’t be pushed off forever.”

About the author:

Suzanne is a Certified Personal Finance Counselor® and Social Media Specialist for CareOne Services, Inc. She supports the Ask the Expert forums as a coach and writes for A Straight Talk on Debt. Suzanne is a divorced, single mom living in Pennsylvania.