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Dumping Debt and Building Wealth with Dave Ramsey~ MARCH - Page 14

post #261 of 284
This one deserves its own post. I just sent in $1000 toward DH's cc. Only $2000 left to go on this one.

This is my one departure from DR - the cc with the $3000 balance has the highest interest rate by far so I want it gone. We are doing that one first even though I have lower balances to pay off. If I find myself losing momentum, I will just pay off one of DH's stupid student loans (less than $200 each).
post #262 of 284
lala: Me too...Found one of my CCs has a 29% interest rate, but the other is only 7.9%....Needless yto say, I decided to go with higher interest rate. And in chunks of $1000, you'll pay it off so quick! If you get a little down, just listen to a DR show. Even with the relgious references and the fact that its on the local "All Republican, All the time" radio station, it was totally motivating for me as i drove around throwing papers last night!!
post #263 of 284
I'm doing the same thing, lalaland and and Kierdan'sMom. It makes far more sense for me to pay these off in interest rate order. Dave's program is incredibly motivating for me, but I'm taking his ideas as guidelines rather than set-in-stone laws that must be followed.

Kierdan'sMom, I'm working graveyards to help tackle our debt and it gets HARD sometimes. I'm still a fulltime mom during the day, so I don't get a whole lot of sleep. I download the DR podcast and listen to it at 4:00 every morning, when I'm at my most exhausted. It helps me stay motivated.
post #264 of 284
A-I-G: Exactly! I'm throwing papers at 4 am every AM M-Sat. and then again late Sat. night and catching him last night just energized me during my route and made throwing the papers seem so much more pleasant!!!
post #265 of 284
Thread Starter 
We have dial up at home, so I am not able to listen to Dave online. I have a faster connection at work though, and tried to find Dave's show online but couldn't. I went to his main site, I was able to hear one call, so I heard the debt free yell but I was wondering if I could hear larger segments somewhere, and if so, where?
post #266 of 284
I have not searched YouTube for DR, but I have heard it suggested here several times. Try that! Let us know if you have any success.
post #267 of 284
go to his site...you can get live streaming. I literally typed listen to dave ramsey online in google. Only works at work for you obviously, but hey...You could probably download it somewhere and burn it to listen at home
post #268 of 284
Quote:
Originally Posted by ~*Jaime View Post
We have dial up at home, so I am not able to listen to Dave online. I have a faster connection at work though, and tried to find Dave's show online but couldn't. I went to his main site, I was able to hear one call, so I heard the debt free yell but I was wondering if I could hear larger segments somewhere, and if so, where?
I posted this a couple of pages back- but this is where I listen to him everyday.

http://radiotime.com/program/p_20156...msey_Show.aspx
post #269 of 284
It is fun to hear others are throwing newspapers for financial freedom! I also find it inspiring to keep throwing papers while listening to Dave Ramsey! I am starting my 10th month throwing, only one day a week, and it does get old but it has helped us so much!
post #270 of 284
Woot! Woot! Since we're getting our taxes this week, I went ahead and adjusted our insurance to change coverage since we having savings so deductibles could be raised, etc. and saved $150 - $25/mo more towards our debt pay off!
post #271 of 284
Nice progress everyone!

Dh and I did our April budget tonight and our snowball this month is $320. We'll be paying off 1/3 of our next debt in line.
post #272 of 284
I agree, sounds like alot are making some great progress!

April, here we come!
post #273 of 284

A year ago...

We had $20,000 more debt than we do now! We still have $37,000 to go but we paid off $20,000 in one year and we didn't start the DR program until September. From April to September last year we were trying to figure out how to cut back on eating out and utlities but didn't have a plan until we read DR and started it in Sept, along with the no spend challenge here on Mothering. That is an average of $1666 to the principals on our a debt a month (it is actually a lot higher than that for the second part of the year and lower for the first). I always keep our credit cards at 0% but we did pay more than that on some interest towards our van and home equity loan (the interest was about $150 more a month on top of the $1666). If anyone would have told me a year ago that I could put up to $2000 a month towards debt I would have never believed them but we are doing it!! We have also learned to budget, cut back on so many things and I throw newspapers for more snowball money! I am so excited! This time next year we will be in an awesome place! We should only have around $12,000 left to pay off on our home equity loan! We will be debt free in 2009!!!

This board has been so helpful! They other board that has helped sooo much is www.llnoe.com Check it out! They are die hard DR fans with so much info to get you on the path to financial freedom!
post #274 of 284
Another Newsie like me Getting up at 4 am sucks, but knowing this money is keeping us afloat and working towards our goals is ooohhhh so nice!
post #275 of 284
Quote:
Originally Posted by Einley View Post
I posted this a couple of pages back- but this is where I listen to him everyday.

http://radiotime.com/program/p_20156...msey_Show.aspx
Thanks for the link- I love how it lists all the shows by date.
post #276 of 284
Quote:
Originally Posted by excitedtobeamom View Post
We had $20,000 more debt than we do now!
That's fantastic progress- congratulations!
post #277 of 284
Quote:
Originally Posted by all in green View Post
I'm an atheist and have yet to find Dave's bits about religion offensive enough to send me screaming for the hills.
I'm Christian, and I find some of the things Dave says to be....not offensive, per se, but counter to my own religious beliefs. But the majority of the "Christian" stuff is not relating DIRECTLY to the actual financial plan. So DH and I just ignore it, and tweak the program to suit and reflect our religious beliefs.
post #278 of 284
Quote:
Originally Posted by Kierdan'sMom View Post
Woot! Woot! Since we're getting our taxes this week, I went ahead and adjusted our insurance to change coverage since we having savings so deductibles could be raised, etc. and saved $150 - $25/mo more towards our debt pay off!
well i am glad that you can save on inurance. i tried to see what we could do with our insurance and i find that going from $50/100K down to the min. (about 35k or something) and it only saved $75 or over 6 months...which i don't think is worth it considering the lower rates won't cover much i don't think.

and wow excited...$20k is half our income an i just can't imagine being able to get/find/put $1600+ per month towards any one thing! gosh! i know its true that everyone has debt respective to their incomes and that "rich" people can not have extra money but its so hard to see it when its so much! anyways good job putting that huge chunk of money towards your debt.

what does newspaper throwing get you guys? I looked into it once and it seemed like it was so early that it wouldn't be worth it...but can you throw at like 11 p.m. or something like that?
post #279 of 284
I throw the NYTs in my town, so lots less papers. I get up at 3:45, have a cup o joe, toss kidlets in car seats w/ blankies (And make sure DD"s feeding pump is fully loaded) and go to the depot. I then park at the entrance (its a big garage door entrance, so that kids see me and I them (though they always sleep through) and grab my 30 papes and route paper and go. Takes me about 1-1.5 hours to throw them and get home, where kids get unloaded and we all go back to sleep for a couple hours. DOesn't pay great, but after gas we net about 650$ but then have to pay 11.3% in tax but with fed mileage rates, we can right off almost our entire "salary" to mileage We get paid 25$ each day M-Sat. AM and $50 for Saturday night (Sunday AM is thrown between 9p-12 a on Sat. night. Not my dream job, but it allows me to have the kids and make some extra cash flow
post #280 of 284
I just made a snowball payment so our current snowball debt is at $1892.15 right now. My goal for April is to throw at least $1000 towards it. Every penny counts!!!
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