Welcome to the 19th edition of the Carnival of Debt Reduction, dedicated to posts that inspire or help us to get rid of debt. Last week’s edition was hosted by Frugal For Life.

Without further ado, here are the highlights:

Pay Down That Debt With Your Tax Refund: Investing Intelligently shows how to reduce your debt by regularly applying your tax refund to the principal.

Since you didn’t get what you wanted at Christmas… Canadian Financial Stuff says that retailers are trying to pump up their January sales by enticing you to squander more money on things you “wanted” for Christmas. Don’t fall for it.

Canadians Spending Beyond Earnings: Centrerion considers Statistics Canada data on Canadians’ debt load and Stephen Harper’s GST reduction plan. A follow-up to an earlier post on calculating the GST tax break under Harper’s plan.

Contractions: Critical Mastiff recommends that we must begin to pay down our debts before it is too late, as Japan’s contracting population will have a dire effect on everyone.

Beware Credit Cards Bearing Gifts: Free Money Finance warns that there is a new credit card in town and while it may seem like a good deal, it really is not.

Loan Qualification Standards – Loan to Value Ratio: Searchlight Crusade warns not to get into debt trouble by paying attention to the loan-to-value ratio.

The Best Laid Plans: Below The Beltway points out that the comprehensive bankruptcy reform legislation passed by the US Congress has accomplished nothing.

The Danger of Cash Flow Thinking: Early Riser discusses the pit falls in forgetting net worth and blindly focusing on cash flow.