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 5

post #81 of 369
Just posting my update and getting inspired reading everyone else's successes and stories.

good, bad, and ugly:

Good:
-kids and I went around house looking for new or gently used stuff to regift, books we haven't read, stuff like that. Also, made a big box of stuff to go to a give away for families that can't afford presents, no money there, but a good deed and cleaning out space!
-also made a big pile of stuff to sell here on the trading post and on ebay.
-had a birth this week and should get paid next week for several things that are overdue!
-husband was able to put in extra hours this week! He is totally commission, so that is important,

Bad:
-I've been sick, so not feeling well enough to actually put the stuff up for sale, plus haven't had the time (didn't realize having an illness was so time consuming). I'm really trying to get this stuff done because now is the time to sell during christmas, not in january when no one has any money
-I only have one more birth this month (twins, yeah), then no more, so it is a slow birthing month which means no more income


Ugly:
-Today alone, I spent over 300 in medical expenses between my eye exam (need to check if tumor is pressing on optic nerve and new contacts), chiro care co-pay, family doc co-pay, co-pays on 3 new meds, new glucometer strips and new blood pressure machine
-have to travel to yale to see doctors next week, so travel expenses alone will be nuts!!! Plus my husband has to take off 2 days work and I might miss twins
-all the money from our 1000 fund is officially gone and we will be putting stuff on credit cards this money, further digging the hole, however, my husband keeps reminding me that at least we are on the right track and mindset and that this health issue is only temporary.

I'm motivated to get some stuff posted on ebay this weekend, maybe I'll put a fire under my older girls, it's really not hard at all!

Whoever has the older cell phones, lmk, I am looking to replace 2 of them for my girls, they need to be compatible with AT&T cards.

Oh, and we bought a big chart to hang on the wall with all the bills, amounts due, totals due, to help my older kids get involved, see where all the money is going, etc. Hope it is motivating for them and us!
post #82 of 369
Just a reminder that if you search "Dave Ramsey" on youtube, you can get all kinds of clips and videos, even an entire session of Financial Peace University (the Dumping Debt one).
post #83 of 369
Oh crap.

Today was an awful money day in our house. I'm feeling really defeated.

DH got his stub for his commission check (we do direct deposit so the $$ isn't there yet) and it was $195 less than his lowest check ever (over the past 4 years) I know you aren't "supposed" to count on commission, but we did our budget with the very lowest amount he's gotten in FOUR years thinking that would be good.

Guess not.

I don't know how we are going to pay our bills & mortgage. I'm going to have to sell all that stuff and put the money towards bills instead of my emegency fund, I guess. What a bummer.
post #84 of 369
Well, we had a small setback this week. Finally got the EFF back to our limit and the fan on DHs Jeep blew apart and took some hoses etc with it. Not sure how much it'll be yet, but it'll be at least $500 we guess. Again, so happy we have the EF and don't have to put it on the CC.

Good luck to everyone out there fighting the battle... take it day by day and pick up the pennies on the street. They might come in handy!
post #85 of 369
I am jumping in with you also! We have been "trying" to stick with Dave for a little over a year now, and we have really struggled. I have been lurking on your thread for a while, We have have alot going on right now, that includes saving $$..So we need to now more than ever get on our budget, stick to our budget, get caught up, and start our efund.

Right now we are on pre-step 1, We are considering a move and another child in about 1.5-2 years, and both of those require $$ that we do not have at this time.

Can I ask your opinion on something..This might be long (sorry) We are a family of 4, I am a sahm. I have a LVN degree and am in the process of getting my pre-reqs done so I can get my RN, As a working LVN, I can make close to $30/hr. BUT I have no where to work where we live..I would have to commute between 1-1.5 hour to get a job. We live in a family owned home where we only pay the taxes and insurance on the home, eventually we will inherit it. We pay about $500/month, and that leaves wiggle room for repairs..And we live right next door to my grandmother, 5 minutes from my mom, and 10 min, from my dad. the trouble is we are broke. We struggle and struggle which I am ok with since I am able to stay home with my children, but I am getting sick of it. Do we move to a different town and pay rent there (probably $1200/month) and completely start over, or do we stay where we are, cheap, and surrounded by family? I have always let my family control my every move, so I have a hard time sorting out what is best for us vs what is best in my mothers eyes..What are your thoughts?
post #86 of 369
It will cost you a ton to pay rent, baby sitters, uniforms, food, etc. You'll never get ahead.

You have a great deal. You just need to make some cash. How about local nursing homes? Small hospitals? Rehabs? How about the school nurse? Visitng nurses? Home care or respite care for the medically fragile?

You can make 100 and have dad watch the kids, and grab dinner with mom, or make 100, pay 50 for day care, and 10 for a pizza. And your parents will probably buy the kids an outfit while they're out!

And think about the equity in the house.
And the kdis relationships with everyone.
post #87 of 369
Quote:
Originally Posted by Red View Post
It will cost you a ton to pay rent, baby sitters, uniforms, food, etc. You'll never get ahead.

You have a great deal. You just need to make some cash. How about local nursing homes? Small hospitals? Rehabs? How about the school nurse? Visitng nurses? Home care or respite care for the medically fragile?

You can make 100 and have dad watch the kids, and grab dinner with mom, or make 100, pay 50 for day care, and 10 for a pizza. And your parents will probably buy the kids an outfit while they're out!

And think about the equity in the house.
And the kdis relationships with everyone.
Thats the part that is really kepping me here, is my children's relationship with everyone! I don't get much help on the babysitting aspect (but then again, I don't really need it much) but my kids LOVE my grandmother, and she is 100 steps from our front door
post #88 of 369
Well we had a small set back agian . Our Heat went out this weekend and thankfully we have a home warenty to cover it but we had to pay out 55.00 to have them come out to fix it . THankfully its only 55.00 but none the less its out of the emergency fund .
post #89 of 369
Well, I am ready now to jump in feet first at the start of January.( a poor;y planned Christmas budget and an unexpected bill has ruined my chances of gaining some control this month) But I worked on our budget until late last night..Can I post that here for suggestions? Or is that not allowed?
Good news for the day, we were gone last week and I forgot tto pay dd's preschool before I left, I paid it this morning in cash with a $35 late fee included..her director handed me back the $35!! She said since we were gone she isn't counting it as late!
post #90 of 369
Thread Starter 
That's good Amanda about the late fee being given back!

I think it's fine to post your budget here!

Aww Dawn...hugs, can you put stuff on Craigslist? I get a quick response and cash in my hand fast doing that.

Update:
emergency fund: $1200 (left $200 over in for a bill I know is due in Jan...life insurance premium)

Amazon card: paid off! (and I cut up 3 empty cards that I found in my top drawer that I had been keeping them for emergency. Forget that!) In my wallet is ONLY debit and ID now.

Also was able to put $1000 toward Discover today bringing it down closer to $2000 left in balance. After that we'll tackle DHs truck loan (probably able to pay off at tax time eliminating a $240 month payment) and then we'll tackle the big CC (10K).
post #91 of 369
Quote:
Originally Posted by DesireeH View Post

Aww Dawn...hugs, can you put stuff on Craigslist? I get a quick response and cash in my hand fast doing that.
Yep, that's the plan. Once I manage some time to get decent pics taken Hopefully I get minimal weird-o's this time

Quote:
Update:
emergency fund: $1200 (left $200 over in for a bill I know is due in Jan...life insurance premium)

Amazon card: paid off! (and I cut up 3 empty cards that I found in my top drawer that I had been keeping them for emergency. Forget that!) In my wallet is ONLY debit and ID now.

Also was able to put $1000 toward Discover today bringing it down closer to $2000 left in balance. After that we'll tackle DHs truck loan (probably able to pay off at tax time eliminating a $240 month payment) and then we'll tackle the big CC (10K).
Awesome! Great job! I can't wait to pay down some debt!
post #92 of 369
Its so inspiring to hear all your successes, and I really look forward to coming here and posting mine. I really think this thread is a great way to keep focussed. I am always so excited when I am informed someone posted here. Great work ladies! We are doing so well. Just imagine where we will all be next December!
post #93 of 369
Thread Starter 
I love this thread too. It's a highlight of my day to see other struggling mamas getting out of debt! It's become kind of like a fun game for me to try to not spend money!

Dh is like 'okayyyyy" when he comes home and I excitedly tell him the cost/savings factor of the loaf of bread I made or the meal, etc. HAHA

Next December things will be looking WAY up for us all!
post #94 of 369
I think we should all go ask for a fee to be given back!

I aske dfor the bank to refund an overdraft fee this week. Yeah, right! But they did! Woo-hoo! $30 rescued from the depths.

I need a miracle this week.

Maybe we should all concentrate on a miracle and a fee returned!


mumkenna&lucas oh, post the budget! I love seeing how other people do things!
post #95 of 369
Thread Starter 
Yay that you called and got it returned!!
post #96 of 369
Now that the emergency fund (Step 1) is done, dh and I are working on saving up the $4500 (maybe $5k) we need to pay the difference between what we owe on his truck and what we can sell it for to get out of the loan. We won't be buying another car, as his work gave the guys trucks to use (the reason we lost the car allowance we were using to make the payment on the other one).

We want to get rid of this debt first because it's depreciating and dh doesn't need it. So selling it is mucho importante.

Our sell the stupid truck fund is at:

$40.40/$5000

Please tell me this will actually happen. Then we can work through Steps 2, etc for real.
post #97 of 369
WTG ladies. It is good to read all of the updates.

I over-calculated the cost of my kids' bowling league this month. I was planning to pay for 3 weeks, but there are only 2 weeks left this month, due to the holidays. So the extra $21 I had budgeted for bowling was transfered to savings as soon as I got home.

EF: 72/1000

I also realized that I have funds in my PayPal account that I'll transfer into our savings account. And later this week I plan to stop at the bank and close an old account. Years ago I had a WAHM business. I sold the business 2 years ago, but never got around to closing my biz checking account. There is over $200 (maybe closer to $300?) still in the old account, which I will add to our EF.
post #98 of 369
annethcz,

That's so nice to find money you've forgotten about.

mumkenna&lucas,

Post that budget. We can help you find places to trim that you hadn't thought of (hopefully).
post #99 of 369
I am happy that you "found" some money Ann, that BEF will be just bursting with all that extra cash in it!

phathui5: you will get there! Congrats on starting baby step 1.5! Just think how much closer you are ot being free of that truck and how much better off you will be when its gone!

*Twiddling my thumbs* Is it Friday yet? Friday is payday. If I get paid $900 the LOC will be gone. I should get less than that by a bit, but still... Maybe I can transfer a bit and make it 900.... Then I will be ahead of schedule, and have a bit leftover from my next paycheck of the month.... interesting prospect.... I don't think its even possible to come out ahead in December.
post #100 of 369
Thread Starter 
Yay Ann about the account, that's good news!

phathui5, you can do it! Do you guys get a tax return usually? Maybe that can help fund the truck fund?

My paypal transferred today so I was able to pay another $200 to Discover. I have more stuff to list for ebay too, I just need to do it! LOL That will be my tomorrow goal.
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