or Connect
Mothering › Mothering Forums › Natural Living › The Mindful Home › Frugality & Finances › Dumping Debt with Dave Ramsey/DECEMBER
New Posts  All Forums:Forum Nav:

Dumping Debt with Dave Ramsey/DECEMBER - Page 8

post #141 of 369
Thread Starter 
Barb, I'm sorry about the news about the tumor. Hugs mama.

With Vonage, you have to have high speed internet already (DSL/cable). It might not be a savings if you'd have to ADD high speed but if you already have it.........

Speaking of DSL/cable...I have time warner and its $40 something a month. I have to have fast though...I'm a photographer and I upload clients pic to their individual galleries which would take FOREVER...not to mention the ordering process of the prints would take forever. I get to use it as a write off but still....I wonder if there is a cheaper DSL/cable company.
post #142 of 369
ok dentist may get canceled, cause now our electric bill was 62.00 more then I was use too plus paycheck was 23.00 less . uggg
post #143 of 369
On step 1.5 (sell the truck before we start snowballing), I added another $156.50 to the pay it off fund today, taking us to $196.90/$5000
post #144 of 369
Quote:
Originally Posted by Maggi315 View Post
3. what about upside down car loans? my husband has a car that we owe 17K on and is now worth 10-11K. Even if we sold it and took out a personal loan to cover the difference, we'd still need another loan to buy something to drive, so not sure how much money that would save since an older car has a higher rate. Anyone do something creative here that saved a lot on monthly payments?
I bought my van at a Saturn dealership in Madison, before I moved to Alaska (needed the space to transport myself, my mom, two dogs, two cats and four birds and clothing).
It was originally financed through Wells Fargo, and the first payment was delayed 45 days from date of purchase.
That gave me time to move, get a job, get an account at the credit union, and then I went into the credit union and refinanced my auto loan through them.
Monthly payments dropped from over $300 a month (it was 3 years ago, so I don't remember exactly what it had been for those two months) to ~$275 and at 5.9% interest, with GAP and disability insurance added on. I refinanced on a 5 year plan, but I still try to pay a bit extra, sometimes I've been 6 months ahead in my payments.
post #145 of 369
Quote:
Originally Posted by phathui5 View Post
On step 1.5 (sell the truck before we start snowballing), I added another $156.50 to the pay it off fund today, taking us to $196.90/$5000
Can I ask why your at $196.90/$5000? Why are you choosing to go up to $5000 before starting BS2? I am just curious since I want to pad our ef a little more than $1000 when we get to BS1..
post #146 of 369
Barb, I'm so sorry about your continued medical issues. I'm sure this wasn't what you were expecting to hear regarding your tumor.

As for me, I got a $40 check from my grandparents for my birthday. I'd really like some new jeans, but I decided to wait and added the money to our EF. So now we're up to 314/1000. We usually get money from grandparents and parents for Christmas, so I'm hoping it won't take too long to get the EF fully funded. Then we can start full-force on the snowballing.
post #147 of 369
Quote:
Originally Posted by mumkenna&lucas View Post
Can I ask why your at $196.90/$5000? Why are you choosing to go up to $5000 before starting BS2? I am just curious since I want to pad our ef a little more than $1000 when we get to BS1..
Our ef is at $1000 now.

The $5000 is what we need to get out of the loan on dh's truck. He doesn't need the truck to drive since work gave the guys company cars. So we have a third car that we don't drive that we owe more on than we can sell it for. So before we do BS2 for real and do our debts from smallest to largest, we're going to get rid of this truck.
post #148 of 369
LOC IS PAID OFF!!!!!!! We are debt free, except for the car! I can begin stockpiling money now!
post #149 of 369
Quote:
Originally Posted by dealic View Post
LOC IS PAID OFF!!!!!!! We are debt free, except for the car! I can begin stockpiling money now!
Congratulations!!!!

Are you going to finish BS2 (paying off all debt) before you begin BS3 (save 3-6 months worth of expenses)?
post #150 of 369
Quote:
Originally Posted by dealic View Post
LOC IS PAID OFF!!!!!!! We are debt free, except for the car! I can begin stockpiling money now!
CONGRATULATIONS!

post #151 of 369
Quote:
Originally Posted by annethcz View Post
Congratulations!!!!

Are you going to finish BS2 (paying off all debt) before you begin BS3 (save 3-6 months worth of expenses)?
No, I am going to baby step 2.5

We currently live with my parents, but would like to move out one day. Shawn is applying for jobs, so we may have to move at any time. So we are saving a bit of money to pay for moving expenses, the possibility of a while with only one income, first and last rent, etc. This way we won't end up unable to move to get the job in his field (he isn't working in his field now due to there not being any work - he's a computer programmer).

However, we are snowballing some of what we put onto my LOC every month onto the car. So we have been spending 2000 a month on debt, and now we will spend 1000 on the car and 1000 on savings, doubling our car payment.
post #152 of 369
Thread Starter 
That's AWESOME rebecca! Congratulations!!!
post #153 of 369
Quote:
Originally Posted by dealic View Post
LOC IS PAID OFF!!!!!!! We are debt free, except for the car! I can begin stockpiling money now!
Yeah!!! Great Job!!
post #154 of 369
Quote:
Originally Posted by dealic View Post
LOC IS PAID OFF!!!!!!! We are debt free, except for the car! I can begin stockpiling money now!
Congratulations!!!
post #155 of 369
Barb, hang tough and keep positive. Imagine it shrinking every day. Really concentrate on it. (and I will too!)

DH hasn't worked all week. A few bills were higher than I expected. We're stripping copper wire we've been collecting, may have to use that vacation fund through work to get through.

But we aren't charging ANYTHING!!!

Rebecca! You go, girl! Man, I can't wait to be able to say we're debt free!
post #156 of 369
Quote:
But we aren't charging ANYTHING!!!
That's the key there. Not adding to the debt you already have.
post #157 of 369
I transferred $100 this morning from dh's paycheck into savings and the bank paid us .22 in interest, adding $100.22 to the Sell the Truck fund. That takes us to $297.12/$5000

I can't wait to get rid of that d**m truck.
post #158 of 369
I have been working overtime cleaning these past few weeks so I am trying to stockpile, but right now I need to build my hay fund. I have half of what I need. I only have until the end of Jan. early febuary to save it up. Eeek!
Horses are a real drain sometimes.
post #159 of 369
Quote:
Originally Posted by Red View Post

But we aren't charging ANYTHING!!!
And that, right there, is why I'm giving you a . Fabulous- keep it up
post #160 of 369
My other grandma sent me a check for my birthday. The EF is growing slowly....
339/1000
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Frugality & Finances
Mothering › Mothering Forums › Natural Living › The Mindful Home › Frugality & Finances › Dumping Debt with Dave Ramsey/DECEMBER