douglee25
m3booooy
- Location
- South Jersey
Agree totally. I'm an avid used car purchaser. I will avoid new cars for that very reason. Used cars offer much more value to me when I purchase.
Doug
Dave Ramsey, debt, credit cards, retirement, etc
- Thread starter SuperJETT
- Start date
Agree totally. I'm an avid used car purchaser. I will avoid new cars for that very reason. Used cars offer much more value to me when I purchase.
Doug
Yes, that includes mortgage, pickup, 4-wheeler, camper, credit cards, furniture, and doctor bills.
Like I said, that was a conservative estimate, I do not know exactly how bad it is, but I am pretty sure my wife does.
Idok
F1pro
- Location
- Nations oldest muthaF+++kin city
I'm going to be as sincere as possible.
YOU NEED TO KNOW.
"she said that we are doing very well with our debt" to her, that could mean you're making the payments, not paying it down aggressively. She could very well be stressed to death about the payments/balances because she's the only one taking care of it. If you ask and want to see/help, she may be very relieved.
You should sit down together, look at the balances, what you're paying on each, and when they will be paid off. If you're just going through the motions making the payments every month, that's not much progress and a lot of money is going into thin air in the form of interest.
You are a perfect person to call Dave Ramsey on the air and get his opinion. He'll walk you through what you could do and where it could put you and when and you might be surprised how easy it is to understand.
It's not rocket science, just simple math really.
pm me if you want some detailed info...
Darin, if she tells me that she is making bigger payments than are required, I believe her.
I am not arguing the fact that Dave Ramseys way is better because I am sure it is, I am just saying that we are going to do it her way for one year and take a look at it again.
I did tell her to concentrate on one bill and get it paid off, then take that money and put it to another bill, and she said she would, again, I believe her, as of now I have no reason what-so-ever not to trust her.
Who knows, maybe in 6 months if it dont look like we are getting anywhere, I will promise you now that I will get more information about Ramsey.
I am not arguing the fact that Dave Ramseys way is better because I am sure it is, I am just saying that we are going to do it her way for one year and take a look at it again.
I did tell her to concentrate on one bill and get it paid off, then take that money and put it to another bill, and she said she would, again, I believe her, as of now I have no reason what-so-ever not to trust her.
Who knows, maybe in 6 months if it dont look like we are getting anywhere, I will promise you now that I will get more information about Ramsey.
Mile9c1
X-H2O.com
- Location
- Grand Rapids, MI
It's not that you don't trust her, it's that you two should decide together as a couple whatever you do.
Dave doesn't count mortgages as debt.
Dave doesn't count mortgages as debt.
madoyster
01/10/08
- Location
- The Durty South
I was doing great, then I was introduced to standup freestyle ski's. I am poor now, but happy as can be.
RoyalFlush@PCB
Shootin' The Crap
- Location
- PCB
michael950
for me to POOP on!
- Location
- Houston, TX
I just bought the financial peace university kit. Anyway here is the Christmas promotion for a free 30 day trial of MyTotalMoneyMakeover.
Go to http://www.mytotalmoneymakeover.com/gift
Enter code 30DGIFT
Offer for new members only
Ends Jan 15, 2007
Try it out, should be a no lose situation.
Go to http://www.mytotalmoneymakeover.com/gift
Enter code 30DGIFT
Offer for new members only
Ends Jan 15, 2007
Try it out, should be a no lose situation.
Attachments
Thanks! I'll be in!
michael950
for me to POOP on!
- Location
- Houston, TX
romack991
homebrewed
- Location
- Warsaw, IN
Just a note, remember you have to cancel it atleast 2 days before it ends or it automatically renews.
I signed up, after reading the book, i don't think this offers much more, but good for people still not understanding it or need help setting things up.
Agreed. I just like getting all 3 hours of the show via podcast as our radio station has it from 12-3pm and it's bad AM reception. This way I can listen to it in just over 2 hours and it's clearer.
32vickie
X-
- Location
- Pipersville, PA
goXtreme, my wife had a plan to get rid of the credit card debt and we thought we were doing good. When i did ask about a bill i would hear, well you never do the bill and you have no clue what it going on. So we both started to do the bill together. Her plan had us getting out of debt in three years without any real emergency money. Our new plan has us getting out of debt except for her vehicle payment (less than 1 year) in nine months, a few thousand dollars in emergency money and a fully funded holiday account for next year. What was the change, we both worked together and when we go to buy something we us the debit card. Christmas was tough this year paying for everything in cash but I can say it will never be that way again. It will be nice to pay for a new superjet in cash in two years. :arms:
:Banane01:
Doug
:Banane01:
Doug
We see Dave live next Thursday, woohoo!
We're pretty well on the way to being done by the end of the year, maybe by October/November actually, so I think the live event will just push us even more.
The coolest thing about doing the right things now, is when something comes up, we have money to take care of it right away.
Case in point: last week, the battery died in our van. We had $70 in our car repair fund (budget $120/month), and Napa had their Legend battery on sale, for $70 after tax. Got it that afternoon, never even had to think about where the money was going to come from or if we could afford, it the money was there! I know that's a minor thing, but it just makes stuff like that a minor annoyance.
Same thing with tires for the van last fall, we had the money to get them, so we got them, good ones too.
We could be more aggressive, but would have to cut back on stuff like gymnastics for the girls, printing photos every month, etc. I think we've got a good balance right now and when we are out of debt, probably won't make many changes to the budget and just divert the debt $$$ to the full emergency fund, retirement, college funds.
We're pretty well on the way to being done by the end of the year, maybe by October/November actually, so I think the live event will just push us even more.
The coolest thing about doing the right things now, is when something comes up, we have money to take care of it right away.
Case in point: last week, the battery died in our van. We had $70 in our car repair fund (budget $120/month), and Napa had their Legend battery on sale, for $70 after tax. Got it that afternoon, never even had to think about where the money was going to come from or if we could afford, it the money was there! I know that's a minor thing, but it just makes stuff like that a minor annoyance.
Same thing with tires for the van last fall, we had the money to get them, so we got them, good ones too.
We could be more aggressive, but would have to cut back on stuff like gymnastics for the girls, printing photos every month, etc. I think we've got a good balance right now and when we are out of debt, probably won't make many changes to the budget and just divert the debt $$$ to the full emergency fund, retirement, college funds.
Glad to hear the good news Jett. I'd love to go to a live event but Dave never makes it to the PNW. It is kinda a nice feeling the first time that something "comes up" and you don't have to stress over what card to put it on or where to get the money from. For me it was the overflow tank for my radiator that cracked and needed replaced, I started to worry about it since it cost like $85 and then I realized that "Hey I've got $150 in my Car Repair fund so problem solved.
Let me know how Dave's live event turns out.