Welcome to the 31st edition of the Carnival of Debt Reduction, dedicated to posts that inspire or help us to get rid of debt.

Without further ado, here are the highlights:

If I Had a Nickel… Blogging Away Debt says that if she had a nickel for every time she has goofed up on her road to become debt free, she’d be a millionaire.

33 Tips to Dig Yourself Out of Credit Card Debt: Credit Card Blog shows how you can get rid of credit card debt (with a bit of discipline).

Look at those low, low rates!…NOT: Young and Broke says that those with federal student loans in the U.S. should consolidate before July 1st due to the new deficit-reduction law.

The “Danger Years” for Homeowners, Current Financing Methods Making Things Worse: Free Money Finance talks about the dangers of interest-only and no-down payment mortgages.

Closing an Account Is Difficult: Money and Investing says that we should recognize that closing an account or cancelling a subscription is difficult. So, subscribe into investing and paying debt, not spending.

Adventures in 0% Balance Transfer refinancing my Auto Loan: It’s Just Money is using 0% balance transfers to refinance his car loan for a year.

One Loan Versus Two Loans: Searchlight Crusade shows that there are concrete advantages to having your mortgage loan split into two pieces.

Debt reduction by downsizing: Mighty Bargain Hunter says that while downsizing can be a bitter pill to swallow, it does accomplish the goal of debt reduction.