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Dumping Debt and Building Wealth with Dave Ramsey~ April - Page 9

post #161 of 274
Thread Starter 
Quote:
Originally Posted by p1gg1e View Post
Can I join?

I haven't read the book but like what I see as far as the process.

Last night sat down looked at our bills and where the money was going...it was food! I was spending WAY more then I thought

So far this is what I have written down( copied this list from another member here...hope thats ok):

FOOD: 03/08 (860.01)
Groceries: 597.01
Dining Out: 263.09

FOOD: 04/08 (616.58) so far...
Groceries: 530.50
Dining Out: 86.08

TRANSPORTATION:
Car payment: 228.18
Gas: 150.52 ( i'm ok with this so far)

SO needless to say we are working on packing lunches and upping the food bill so we can lower it over all..so far the "budget" for that was $400 a month...so I'm going to up it to $600 a month ( and set a fun food budget) and see if we can lower it from there.

We are gluten and dairy free so we are eating allot of expensive food :

After we get food under control we are going to work on paying off the CC...
Welcome It is nice to meet you


Quote:
Originally Posted by phathui5 View Post
I managed to spend $50 on groceries this week!

That is awesome!!

Okay, so I totally forgot to update our situation. We paid off the one credit card thanks to my whole paycheck hitting it and most of our tax refund. We were hoping to use the rest of the tax refund to throw at the other cc, but our cat got even sicker and we had to take him back to the vet My poor little furry baby! This is the second time in two weeks He had to have xrays, medication, shots, etc. He is better now, but it was $200. I am okay with it, because at least we had the money. But I was a twinge bit dissapointed that the rest of our refun was spent on something other than the cc bill. Of course I love my furguy and his health was worth every penny.

But, I get paid again Friday so am am gearing up to launch another snow assault on the cc. I hope it fears me

So it is normal that when you pay off a CC you get a letter in the mail from them increasing your credit limit by a ridiculous amount?? : I was annoyed by that. Like, I paid it OFF for a REASON. We don't USE IT anymore
post #162 of 274
Quote:
Originally Posted by p1gg1e View Post
.

We are gluten and dairy free so we are eating allot of expensive food :

After we get food under control we are going to work on paying off the CC...
I am gluten, grain, and dairy free and have found it is generally cheaper to not eat any substitute foods (like GF breads, cookies). I don't know if you are already doing that. I mostly eat sale meats, produce, broths, and canned coconut milk. We eat loads of homemade stew. If you need some tips, I have lots!


Well I am having a horrible time here. I can't write about the details or I will start crying again. You know how the book says Murphy will visit? Well he has moved into my house for about the last 4 years....we just can't seem to get a break and I am feeling really discouraged....

Jen
post #163 of 274
Quote:
Originally Posted by newcastlemama View Post
I am gluten, grain, and dairy free and have found it is generally cheaper to not eat any substitute foods (like GF breads, cookies). I don't know if you are already doing that. I mostly eat sale meats, produce, broths, and canned coconut milk. We eat loads of homemade stew. If you need some tips, I have lots!


Well I am having a horrible time here. I can't write about the details or I will start crying again. You know how the book says Murphy will visit? Well he has moved into my house for about the last 4 years....we just can't seem to get a break and I am feeling really discouraged....

Jen
Awww. You can evict Murphy!!! I swear!
post #164 of 274
well i spent $37 more than budgeted on our food for 2 weeks. i think i did pretty good though since i bought tons of fresh fruits and veggies for my diet and actually filled my cart which i haven't done in a long time.

i guess i should go pay the bills now...ugh.
post #165 of 274
Quote:
Originally Posted by ~*Jaime View Post

So it is normal that when you pay off a CC you get a letter in the mail from them increasing your credit limit by a ridiculous amount?? : I was annoyed by that. Like, I paid it OFF for a REASON. We don't USE IT anymore
Yes. I don't even have a JOB right now, and I've got a credit card with a $21,000 limit. I paid less than that for my last car. (Not much less than that, but sheesh!)

Oh, and make that cat get a paper route.
post #166 of 274
Thread Starter 
I have no idea who Murphy is : I must have missed that part in the book.
post #167 of 274
Quote:
Originally Posted by phathui5 View Post
I managed to spend $50 on groceries this week!
In Baltimore?! Where did you shop, and what did you buy?! (I'm in E.C.)
post #168 of 274
Quote:
Originally Posted by newcastlemama View Post
I am gluten, grain, and dairy free and have found it is generally cheaper to not eat any substitute foods (like GF breads, cookies). I don't know if you are already doing that. I mostly eat sale meats, produce, broths, and canned coconut milk. We eat loads of homemade stew. If you need some tips, I have lots!
Thanks we are just eating allot we all have really high food needs LOL...bottomless pits!

Its going well on day 2 LOL but we needed a kick in the pants thats for sure!
post #169 of 274
Quote:
Originally Posted by ~*Jaime View Post
But, I get paid again Friday so am am gearing up to launch another snow assault on the cc. I hope it fears me
"I hope it fears me."

Quote:
So it is normal that when you pay off a CC you get a letter in the mail from them increasing your credit limit by a ridiculous amount?? : I was annoyed by that. Like, I paid it OFF for a REASON. We don't USE IT anymore
Yep. It's called marketing. Close that account, mama!

Quote:
Originally Posted by newcastlemama View Post
Well I am having a horrible time here. I can't write about the details or I will start crying again. You know how the book says Murphy will visit? Well he has moved into my house for about the last 4 years....we just can't seem to get a break and I am feeling really discouraged....
: Murphy-be-gone vibes!!!!
post #170 of 274
Hello Everyone!
I'm back - I got bogged down because our snowball was at a standstill while we saved for what we thought we were going to have to pay in taxes. I was guessing $4K - yikes! But guess what, we're getting a huge refund instead. This is my first year doing in-home daycare and I had no idea how it was all going to turn out.

I'll report back when we decide how we're going to allocate the refund and the savings. I'm so excited to be snowballing again! And I'll be glad to catch back up with all of you MDC mamas doing the DR thang.

P.S. Big shout out to my girls in Benton - Hi Jackie! Hi Tanya!
post #171 of 274
Me too! I want to know! I'm in Owings Mills (moving to Columbia soon though). Is is a specific chain store or like a discount store?
post #172 of 274
Thanks for the hugs guys.....The big problem is that for 2 years we have had 2 house payments and property taxes (plus I had a lot of medical problems thrown in there for a while). We are really trying to sell the other house (we never intended to own two homes) and it is just no go. We will drastically cut the price in a week if there is still no strong interest. I have got to stay positive though.

YAY phatui5!!
If anyone is in the west coast I have found the best place to save on groceries is Winco. It is gigantic and you bag your own but it is totally worth the savings. (I drive 45 minutes one way once a week to shop there) We eat an all whole foods diet with lots of produce (and we are big eaters) and I spent 51 dollars there today (that includes some toiletries). They have a really good bulk section that even has spices and that saves me a lot. There meats are not very good so I just buy whatever is on sale at the nice grocery store here (Raleys) or Costco.

So $51+$3 for stock bones+ $9 for Ds goat milk+ $1.50 for bad day dark chocolate treat= $64.50 for the week with some food allergies. I am happy with that. I am starting to bake our own bread today and I can make 1 loaf for the price of 4!!! The garden is almost ready to be planted too so we will see even more saving in a few months.

Jen
post #173 of 274
i am wondering about your credit card use for immidiate pay off stuff. we have a chase card with rewards (although its not very big!..rewards or credit line) we usually almost fill it up with payments...we use it for ONLY household expenses not buying stuff. i've been doing pretty good at keeping track of evyerthing but it seems like i can never get it to 0 because theres something pending, or the math is weird or something else. i am not sure. anyways i just made my bimonthly payment and it seems like it might not be a good idea to keep it up this way. i can't make a payment to make it zero cause stuff is pending but i have money to cover it and then i don't always remember to include that in my subtractions etc.

i do want to say that i keep a checkbook for the credit card...just like my bank account so that i can keep track of it and then see what clears etc.

i am not sure why i need to ask this i guess but i feel this weird thing the last 2 months that maybe i shouldn't use it...that somehow we'll end up with a full credit card and nothing to pay it off with....just a feeling!

i paid all the bills and we're broke now. i needed to put another $206.xx on the credit card (pending stuff you can't pay and only have $113 in the bank account (but i put extra away in savings so its ok). its going to be slim pickings this pay period.

we have $3555 in savings at the moment: i need a place to write my allocations of that money and not loose it so i am writing it here!

Savings EF: $1000
Landscaping left to do: $400 (accurate estimate)
May 1 1/2 mortgage payment + misc water/garbage bill: $550
Chase card extra: $93
Whats left: $1512

I have not allocated the rest of the money to anything. I don't know that we need a bigger EF b/c we can't get laid off so its just for car breakdown, unexpected bill. also our home is under the first year warrenty which covers EVERYTHING so we don't have to worry about that.

Our debts left:
Dh car $7400 8.69% interest
My van $9500 6.5% (? don't remember exact #'s)

obviously i don't want to sink the extra money into the cars yet cause its not going to lower our interest rate so i think a high interest paying savings might be good but i also want to make sure its accessable. and.....of course my pockets would LOVE to have it burning a hole...
post #174 of 274
Quote:
Originally Posted by newcastlemama View Post
Well I am having a horrible time here. I can't write about the details or I will start crying again. You know how the book says Murphy will visit? Well he has moved into my house for about the last 4 years....we just can't seem to get a break and I am feeling really discouraged....

Jen
I'll come over and kick Murphy's butt. Write when you can, we'd like to help.
post #175 of 274
For the idea you all have PMed me about...it has been extended to May 15.
post #176 of 274
Quote:
Originally Posted by newcastlemama View Post


Well I am having a horrible time here. I can't write about the details or I will start crying again. You know how the book says Murphy will visit? Well he has moved into my house for about the last 4 years....we just can't seem to get a break and I am feeling really discouraged....

Jen
aww Mama s We must be sharing him for the last 2 years.. It will get better! We are at the bottom right now. Murphy has hit us about 4 times in the last month, I am really discouraged as well, but without a plan I know he will be with us even longer! So I am just trying to look at it that way right now.
post #177 of 274
Hi! New to the boards and new to Dave Ramsey!

We aren't too bad off but we developed some debt from when DH went from military to civilian life and then we bought a house and then... well you know!

I was looking for a way to get ahead and found Total Money Makeover. So I read the book this weekend and am ready to start up!

Here are my BS's:

0: Get current on bills: Always done

1: $1,000 to start an Emergency Fund $2000/$2000

2: Pay off all debt: working on it! Our goal is to be debt free March 2009
Target - $165 (paid off May 1)
Home Depot - $498 (Paid off May 15)
Visa #1 - $1100 (Paid off by Sept)
Car Loan - $7200 (Paid off by Dec)
Visa #2 - $7700 (Paid off by March 2009)

3: Three to six months of expenses in savings Not Yet! $0/$15000

4: 15% income into retirement: Ongoing 401K

5: College funding for children: Transferring their accounts to Education IRAs but funding will be on hold until next year

6: Pay off home early Can't Wait!

7: Build wealth and give! Invest in mutual funds and real estate. Can't Wait!
post #178 of 274
Thread Starter 
Quote:
Originally Posted by Bully Lover View Post
Hi! New to the boards and new to Dave Ramsey!

We aren't too bad off but we developed some debt from when DH went from military to civilian life and then we bought a house and then... well you know!

I was looking for a way to get ahead and found Total Money Makeover. So I read the book this weekend and am ready to start up!

Here are my BS's:

0: Get current on bills: Always done

1: $1,000 to start an Emergency Fund $2000/$2000

2: Pay off all debt: working on it! Our goal is to be debt free March 2009
Target - $165 (paid off May 1)
Home Depot - $498 (Paid off May 15)
Visa #1 - $1100 (Paid off by Sept)
Car Loan - $7200 (Paid off by Dec)
Visa #2 - $7700 (Paid off by March 2009)

3: Three to six months of expenses in savings Not Yet! $0/$15000

4: 15% income into retirement: Ongoing 401K

5: College funding for children: Transferring their accounts to Education IRAs but funding will be on hold until next year

6: Pay off home early Can't Wait!

7: Build wealth and give! Invest in mutual funds and real estate. Can't Wait!
Welcome

***********************************

Thanks to whoever gave me that DDDC I had to explain to my DH why I choked on my drink in front of the computer

I figured out today that May is a three paycheck month for both DH and I Woooooooooooooooooohooooooooooooooooo!!! That plus the stimulus refund will create one heck of a punch to Chase *evillaugh*
post #179 of 274
I love your new DDDC! And good luck with the May Attack!

Last night I did some math and realized that if I'm careful, we're going to enter our summer paycheckless time with $12K in savings. It'll all be gone by the time money starts rolling in again, but gosh, I'm just beside myself with the idea that we're NOT going into debt this summer!

On top of that, we've been stockpiling some of the things we'll need during those two months. Dog food is one example, but we've also done cereal and cereal bars, cashews (which is my son's favorite source of protein), toilet paper, shampoo, razors, deodorant, soap, toothbrushes & toothpaste, & butter. I'm more optimistic than I have been in a long time about our financial situation.
post #180 of 274
Quote:
Originally Posted by Mama Rana View Post
In Baltimore?! Where did you shop, and what did you buy?! (I'm in E.C.)
There's a little grocery store in Hamilton called Harvest Fare that was having a fabulous sale. Stuff like oranges for .25, bags of apples for $1.44. Strawberries for $1.88. Needless to say, we stocked up.

We also got back on WIC this week. We don't drink cow's milk, but with me, dd, ds2 and ds3 on it, we get a good amount of cheese, juice, cereal, eggs and peanut butter. I also got tuna and carrots because I'm breastfeeding and in a couple months they'll be doing farmer's market vouchers. I was reluctant to use WIC again, but if it helps us get out of debt faster, I'm at peace with it.
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