Dave Ramsey followers: What baby step are you on?

[shanetedissac]

Wanted to see where we all are. There is a separate thread for support

We are between funding retirement and funding college. We are funding Bar Mitzvas. So we have complete step 4.

Be well,

Shane

[my2girlz]

We just started this journey a few weeks ago. BS1 will be complete tomorrow. Then on to BS2! I'm really excited!

[annethcz]

I'm not actually a big fan of Dave Ramsey, but I am participating on the DR thread here. We should finish BS1 within the next few weeks, and then onto BS2.

[excitedtobeamom]

We are on Step 2 here. I am also trying to figure out when and how to start saving for an adoption fund. We really want to add to our family.

[Denvergirlie]

Step 2 here. Will be finished with steo 2 in July or August (knock on wood) and should be also finished with step 3 (6 months) by the end of 2008, or basically a year from now.

Not bad considering everything.

[TattooedMama]

Step 2- debt snowball.
I can't remember our figures but I think it will take us all of 2008 to pay off our debt (including the van) except the student loans and mortage.

[HRC121799]

Step 2. We're not as gazelle as Dave Ramsey would tell us to be though (we're not selling the house, or the car, and I know he'd say to do it!)

[TattooedMama]

Originally Posted by HRC121799

Step 2. We're not as gazelle as Dave Ramsey would tell us to be though (we're not selling the house, or the car, and I know he'd say to do it!)

Oh we're not as gazelle intense as he would tell us to be either.
But we will still be (almost) debt free in a year and having a decent standard of living while doing it.

[tannersmommy]

I voted Baby Step 1

I just started Dave Ramsey (envelopes, budgeting, debt snowball, etc.) this month, December. Tommorrow, I will have my EF fully funded at $1000, and on Wednesday I will pay off my smallest debt - Debt #1, Medical Bill, $56.28.

I'm a gazelle!! Look at me go!!!

[I-Love-Alaska]

I'm on Step 2. I'm paying off my car. I'll have my 5 year loan paid off in 3.5 years!! Then on to my FFEF!!

[HRC121799]

Originally Posted by TattooedMama

Oh we're not as gazelle intense as he would tell us to be either.
But we will still be (almost) debt free in a year and having a decent standard of living while doing it.

Oh good, then it's not just us,lol. I don't post on LLNOE much anymore just because I know I'd get yelled at (wet noodled!) for our decisions. But we're comfortable with what we're doing, and it's going to happen (debt free.)

[~PurityLake~]

I voted baby step 1

but 5 is also being taken care of thanks to the PFD.

And we're also working on 2.

Paid off nearly $20,000 of debt in the past 2.5 years (on only one, very small income).

[Ruthiegirl]

Step 2, though we have been spending a little too much lately with a new baby on the way and the holidays. Come January, the belt tightens again.

[kmamaTX]

We are on step 2 and will be there several years.

We recently depleted our emergency fund but were able to replenish it in one fell swoop due to an unexpected extra year-end bonus dh got! sup:

I can't wait to be past step 3...having that cushion is going to really give me peace of mind! Plus, then we get to tackle the fun stuff!

[mykidsrock]

We've done the BEF, but cannot proceed in the slightest until we sell our house (currently on the market). Our house is the only thing that has us in this tight money situation right now.

[Red]

Well, we're on step one and then we'll need to do step2. But then we'll be skipping steps 3, 4 and phooey! I forget which ones are which!

Dh is nearing retirement, (less than 3 years) and the kids are paying for their own college educations. When he retires we'll have his annuity which is considerably more than 3 to 6 months worth of living expenses. Really we just need to get it together, (step 1) Pay down our debt and then our mortgage.

Then we can either build wealth and give, or sit back and enjoy retirement. We'll even have enough for some traveling, and dinners out.



Dinner out. *sigh* I can't remember the last time we went out to dinner. Lunch, sometimes. But not dinner, with like a nice outfit in about.....5 or 6 years!


Life is so strange. Years of not being aboe to afford to do anything, and if we just pay off some stuff now, we'll be golden is a few years. (I've been broke alllllllllll my life!)

[shanetedissac]

Originally Posted by HRC121799

Oh good, then it's not just us,lol. I don't post on LLNOE much anymore just because I know I'd get yelled at (wet noodled!) for our decisions. But we're comfortable with what we're doing, and it's going to happen (debt free.)

What is LLNOE?

Be well,

[DesireeH]

We are on Step 2. I think we'll be debt free (except the house....which is a doozie) by March/April 2009.

[LilMama23]

We are on Step 2, and will be for quite a while.

[mommyddeville]

We have $800 in our baby emergency fund. We're close to step #2. I want to have all the debt (minus mortgage) 100% paid off by June.