"Blog the Debt Away" (3/5/07 p. A22)

I’ve found throughout all of the articles in the New York Times that I’ve been reading that ethical question can be found in almost every article in some shape or form.

Because this blog is for a blogging class, I jumped into reading an article entitled, “Blog the Debt Away.” I was determined to raise an ethical question of some sort in a article about the infamous blog.

Call me old fashion, but isn’t it some kind of secret, or private information when a person is in debt? Apparently, not anymore.

As John Leland reported recently in The Times, people have started their own debt blogs to share the most intimate details of their faltering finances, hoping there online confessions will help them develop some self-restraint. Wait a minute, how is the ethical, or safe for that matter?

We are bombarded with cases of identity theft and fraud in today’s society. If there are blogs explaining the debt people are in and who knows what other kings of financial information, aren’t they putting themselves at risk for some kind of trouble? You’d think so.

According to the article, consumers are asking others to help them develop self-control because so many companies are not showing any restraint. Congress has made it more difficult for an individual to file bankruptcy and people are finding themselves in a world of trouble and debt.

Is a blog the best way to develope awarness for such a problem? Maybe, maybe not. The era we are in suggests a blog could be a very good way to organize thoughts, why not finances? People have discovered a way to connect with each other and help others out. I think that although this may not be a "preferred" method at managing debt, its quickly growing to become an effective one.

Debt Blogs:
http://www.freemoneyfinance.com/2006/01/money_blogs_deb.html
http://blogrankings.com/blog/6695.html
http://blogrankings.com/blog/10056.html
http://blogrankings.com/blog/17877.html
http://outofdebt.savingadvice.com/
http://www.blogcatalog.com/blogs/forever-twenty.html
http://opportunitiesaplenty.com/Debt_Blog/
http://redcouch.typepad.com/weblog/2007/02/in_debt_blog_ab.html
http://anyakamenetz.blogspot.com/2007/02/debt-blogs.html
http://web-signs.blogspot.com/2007/02/debt-blogs.html
http://cardtart.blogspot.com/2007/02/debt-blogs.html

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