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Dumping Debt and Building Wealth with Dave Ramsey~ MARCH - Page 12

post #221 of 284
Here's my updated info..

Amanda (mumkenna&lucas) in CA
0-- Get current on bills DONE
1 -- $1,000 to start an Emergency Fund (575/1000) we are here!
2 -- Pay off all debt using the Debt Snowball
3 -- Three to six months of expenses in savings
4 -- Invest 15 percent of household income into Roth IRAs and pre-tax retirement
5 -- College funding for children
6 -- Pay off home early
7 -- Build wealth and give! ---
post #222 of 284
3 cards paid off,
reduced 3 services,

HUGE CREDIT CARD BILL TO PAY OFF IN 3rd place,

small bill to pay $3500.
post #223 of 284
Congratulations Pranamama!
post #224 of 284
Thread Starter 
Okay, I think I am done.

Budget for April:
Tithes: 425.00
Rent: 420.00
Electricity: 67.00
Gas Ultility: 49.00
Water/Garbage/Sanitation: 65.00
Telephone: 48.73
Prepaid cell phones: 13.00
Food: 400.00
Car: 212.00
Gas and Oil: 180.00
Car Insurance: 92.00
Medical Insurance: 291.50
Student Loan: 120.00
CC#3: 171.00
CC#2: 92.00
CC#1: everything left
Eating Out: 50.00
Money to replenish EF after unexpected vet bill: 300.00 (maybe less, still trying to spend less of grocery money tomorrow)
Medications: 20.00
Jaime Health: 74.74 (includes nutrion, exercise and other doctor ordered things)
Beauty/Barber: 20.00
Gifts (including Christmas) 30.00
Cash: 80.00
Vet Savings: 40.00
401 K: 133.54

That leaves us with around $110 to snowball.
post #225 of 284
Thread Starter 
Quote:
Originally Posted by pranamama View Post
3 cards paid off,
reduced 3 services,

HUGE CREDIT CARD BILL TO PAY OFF IN 3rd place,

small bill to pay $3500.
Awesome!! Way to go!

I will update everyone tomorrow when I get home
post #226 of 284
Bad news for us at a good time...I guess.

DH dropped the bomb tonight that his aging and decrepit truck's tranny is on its very, very last leg (not another month before she goes likely). Which totally sucks bill wise, but the reality is right now I can set aside tax money and just work a little harder on our debt instead of having it paid off at the end of May. So we worked a deal that he would make up the 2k needed to buy a motorcycle (He needed one for when we go fulltime on the road anyway, so a plus there)....SO far, he'[s offered his old non-running bike to sell AND He went to his week long welding job to find an extra check waiting for $490 of per diem that we didn't know we were getting So he's already down to 1510$ to fund, and thats pre-bike sale. He's talking to the UA's bus. mgr. about another job in april next week and its really motivated him to be involved in the budget and make more $$/pay cash. He'd prefer to wait until he earns it but I don't think his truck will last long enough and my van is needed to do our paper route. So, it sucks to have to fork out the $$ now, but at least I know where its coming from and we've got a plan to keep going on debt reduction. COuld have happened when we didn't have income tax and economic stimulus coming!!
post #227 of 284
We also went over budget on food this month. Ugh... it's so hard to eat healthy, plan for rising costs, and still stay within a budget.

On a good note though, the starter went out in dh's car and instead of immediately saying let's tow it and fork over the $$$ to a repair shop, he decided we'd buy the starter and he and a buddy would try to put it in. It worked great and probably saved us at least $200. And it was so nice to be able to pay for the starter with cash and we didn't even have to dip into the EF for it. :-)

I'm looking forward to the first week in April when I'll hopefully be able to add $300 more to our EF.
post #228 of 284
Quote:
Originally Posted by lauriem33 View Post
We also went over budget on food this month. Ugh... it's so hard to eat healthy, plan for rising costs, and still stay within a budget.
This was us this month too. And probably next month as well....

I know there have been a lot of other separate threads about grocery budgets, but those of you that are a family of 4 or more would you share with me what your family's grocery & household expense budget is for the month??
Thanks,
Jessica
post #229 of 284
Laurie: Have you checked into discount grocery stores? Most ppl don't know we have on in Tallahassee as its tiny and in a strip mall on the far north side of town, but I get organic honey nut O's for $1.50 a box, organic animal crackers for 75 cent a bag, all my canned goods for 30-40 cent a can. I often can pick up little to go sized bags of trail mix and such for 10 cent to 15 cents a piece making for easy, quick lunch answers for my DH and for when DS and I go out and about...If I can grab it quick from the kitchen, we're less likely to spend $$ on fast food. My mom discovered this place, and it definately saves me $$. I spent less than 75$ on 2 full weeks of groceries (minus WIC) and I got a few extras that will last far past the 2 week mark. I expect our food budget to be about 40$ UNDER this month =) Months I don't go to the discount place, its never pretty!!
post #230 of 284
Well, we're not 4 or more, but we do save so much money on tolietries through CVSing. I don't know if you have ever tried it, but since we get all our shampoo/conditioner/bodywash/toothpaste for free or close to free, we can spend more money on the organic foodstuffs.
post #231 of 284
We're a family of 4, but my DD can't eat. Our food budget is 204$ month but we're sticking to 150-160/mo. but we receive WIC right now which helps. I think we get about 40$ worth of groceries, about 10 of which we don't use (the 5 containers of juice are a bit much around here!!)
post #232 of 284
Quote:
Originally Posted by TattooedMama View Post
This was us this month too. And probably next month as well....

I know there have been a lot of other separate threads about grocery budgets, but those of you that are a family of 4 or more would you share with me what your family's grocery & household expense budget is for the month??
Thanks,
Jessica
We are a family of 5 plus 2 dogs and my budget for groceries and toiletries is $1000 a month. It is insane and I would love to decrease that, but with the rising cost of food, my unwillingness to eat processed food with preservatives, additives, HFCS, etc., my son's food allergies, and the fact that I cannot seem to get into using coupons all contribute to me not being able to make it less. Ok that was totally a run on sentence- sorry about that!
I hope to do a CSA this summer and maybe cut down on the budget that way. We'll see.
post #233 of 284
Brie's Updated Stuff


0-- Get current on bills DONE
1 -- $1,000 to start an Emergency Fund DONE
2 -- Pay off all debt using the Debt Snowball
Paid off smallest snowball today-HOORAY!, threw $100 at next snowball which is at $2037.15 now
3 -- Three to six months of expenses in savings
4 -- Invest 15 percent of household income into Roth IRAs and pre-tax retirement- Investing 6% now
5 -- College funding for children
6 -- Pay off home early
7 -- Build wealth and give!

We are chugging along! I hope to knock off a lot in April!
post #234 of 284
We are a family of 5 pluus two cats and a dog. Our grocery/household budget is $500 for the month. I did go over by $80 this month, but that was due to a big easter meal that was unplanned until the last minute and stocking up on a bunch of items that were 50% off at the grocery store. If it hadn't of been for those two things, we would of been fine.
post #235 of 284
Quote:
Originally Posted by TattooedMama View Post
This was us this month too. And probably next month as well....

I know there have been a lot of other separate threads about grocery budgets, but those of you that are a family of 4 or more would you share with me what your family's grocery & household expense budget is for the month??
Thanks,
Jessica
definatly cvs is where we save on toiletries as well. also you can check couponmom.com to see the current sales with coupons matched up. you can order coupons from a few different places (can't remember right now). you can also check out Freelance By U which has TONS OF INFO about couponing and this specific page has specific info on how to feed a family of 4 for $30/wk. obviously it has to be tweaked according to allergies, preference, and organics but its a good start.

for our family i usually buy $300/month or less. thats the max. usually $200. i know that i can do better than $300 and i am going to TRY and do better soon. we are also military so we shop on base but the prices have risen so much!

Did you want the whole budget? I don't mind putting mine up. I have an excel sheet if i can attatch that.

also if you search springhillnursery on google they have a $20 off $20+ just pay shipping coupon out and they have strawberries, blackberrys, and several other trees that you can get for cheap. i got alot of stuff for cheap.
post #236 of 284
Thanks for your responses about food budgeting.
I just am feeling really really down today. DH and I had a silly squabble this morning about drinking day old coffee left in the pot (he thought it would save money ) insread of me brewing a whole new one. It spiraled downhill from there. Usually we are totally on the same page and doing really well with budgeting, sacrificing, planning and snowballing.
The real issue is that I am getting tired of trying to manage our whole family's multiple food issues (overweight DH, picky kids, kids with food sensitivities on an elimination diet, trying to buy farm raised meat and organics) on what I feel is a pretty frugal budget.
I am tired of having to think so much about food all the time instead of just having a frozen pizza or going out for Thai food sometimes. And part of that is due to the food sensitivities and not really frugality or DR per se, but I feel like you guys are my tribe so I'm whining to you.
I just feel like we are bleeding money instead of getting ahead. We started off snowballing with a bang and I thought it would stay like that.
Then we had to go and get all responsible and adult-like and we picked up health insurance, life insurance, HSA and we are paying a couple hundred more dollars a month to bills now. I don't know what else we could cut back on.
Well here's 2 questions for you....
1.) Should we drop our gym membership? (I'm pretty sure we should) we are not using it at all and it's $70 a month. The drawback would be if we decided to join again the rate would be higher.
2.) My DP suggested last night that we halt our $100 a month IRA contribution for right now. This is where we have differed from DR because I thought we had enough cushion to budget and snowball and still do this. Now I'm not so sure. My reason for wanting to continue investing in the IRA is that I am a SAHM and my DP is self-employed and probably always will be. So we have no company match and barely anything saved for retirement so far. DP wants to either put it into savings for a larger EF or snowball it.
What do you think?????
post #237 of 284
i can't imagine having so many food issues...yuck! i have no idea how to deal with that but i think maybe having a "roladex" of recipes and maybe 5 restuarants on your "i don't want to cook" list would be good. if you start watching sales and then write down ALL the stuff thats on sale ALOT (2x a month) and then go to kraft.com or some other website that allows you to input ingredients to come up with a dish. your getting 2 benefits by not having to think up your own meal and also only picking items that are on sale and not allergy stuff. obviously tweak to take down calories, use more natural foods etc. this should cut down your stress cause you can spin your roladex in the morning, pick out a recipe and have a previously stocked freezer to just pick out what you want. STAPLES are a must. we are meat eaters. i know that without ANY planning (always better to plan though!) i need 2 bags of chicken breast, 2-4 lbs of ground beef, a roast/whole chicken, and breakfast foods, a few things of lunchmeat, 3-4 bags of premade chicken nuggest, tomatoes, baby spinach, oninion, and maybe a few other fillers. that would take us through 2 weeks with only a little creativity and no real foreplanning.

i do go through the "i hate my own cooking" stages at least 4-6 times a year though...thats usually when i shake up my roladex/cook book and spend a week not eating very well. :

also as for you gym membership. i have a MUCH better thing for you to check out. www.buymygym.com i saw an infomercial for this and i really liked it since i had resistance weights AND cardio in this tiny little thing. i went on ebay and got one for $71 SHIPPED. seeing as how you pay $70/mo for your gym you'll save a lot. i've only had it for a week but i really like the compactness, versatility and the cardio all in one.

GL
post #238 of 284
we are a family of four + 1 large dog (golden retriever). household + groceries = 550 bucks a month.
post #239 of 284
Quote:
Originally Posted by TattooedMama View Post
This was us this month too. And probably next month as well....

I know there have been a lot of other separate threads about grocery budgets, but those of you that are a family of 4 or more would you share with me what your family's grocery & household expense budget is for the month??
Thanks,
Jessica
We spend $300 every two weeks for food and household. This includes diapers for the 2 year old and nightime dipes for the 6 year old (poor thing, she hates that she still wets the bed).

I could do better, but my husband is addicted to soda and refuses to give it up, not to mention that he "has" to use expensive soap and razors. Grrrrr. I make our bread (yay, bread machine!) which helps offset the cost of that a little. I also buy a lot in bulk at Costco, buy produce at our local natural foods store and always use coupons when shopping at the regular grocery store.

ETA: Our family size is two adults, three children and no pets.
post #240 of 284
TM: I don't recall how long you have, but how far are you from debt free? If the extra 100$ would make you debt free say, next year, yeah I might consider it, but if ypu've got a few years left, well, I don't know that I would as I'd prefer to have it compoundingas long as possible. I know that to get where we want to be in 30 years, we have to contribute a MIN. of 372/mo (AS long as we start within 3 years that is). BUt I know what you mean about it starting quick but slowing. Garage sale some stuff? Ebay? Pick up a paper route (Sorry, I suggest this to everyone as its our way to make extra $$ without cutting into family time too much) - Any chance of finding something small to help with income? Also, got a discount grocer near by? You'd be amazed at the number of organic and enjoy life products that show up there for a fraction of the price you pay other places. I've even found Size 7 diapers (Tube feeders fight over these things when they have olders) for cheap, cheap there the other day. They had enjoy life cereals for 1.50/box.

So, I listed DH's "project" motorcycle that hes never going to finish (with his permission) for 75$ more than he has in it and have had 2 emails for pics and a call about it. 1 person coming to look tomorrow! So stoked as this would offset what we need for DH's new bike by another $450 taking us to just over 1000$ left to finance (not really finance, but the amount that DH is planning to . And I'm joining the no spend challenge. Thats an extra 140$ I've found so far that we "wasted" plus we spent about 160$ on gas we wouldn't normally spend, but we've worked it into the budget without raising our amounts so we should be good to go next month for working on some serious debt butt kicking (BEF to be funded next week along with 1st CC to be paid off). Got questions now about credit ratings but will start a seperate thread.
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