Dumping Debt and Building Wealth with Dave Ramsey - AUGUST - Page 8

[Nora_SEA]

**This is a little OT - but I cannot post in any other threads (like a technical support one!) - only in the 2 threads I had subbed to.

Any ideas why?

It's like the whole forum is in a sort of "read only" mode?? I think my 4 yo messed with the computer while I was logged in here! HELP! I need to be able to post!!!!

Jilian!!! That must feel wonderful!!

[Nora_SEA]

OK, I had to clear cookies and now I can post...

[llamalluv]

Halfway point, and it's Payday Friday!

August 1 Debt numbers:
Mastercard 2...3,798.40
Student Ln 1...3,020.25
Student Ln 2...6,842.43
Auto Loan.....10,141.62
----------------------
Balance......$23,802.70

August 27 debt numbers:
Mastercard 2...3,393.02
Student Ln 1...2,963.13
Student Ln 2...6,773.58
Auto Loan.......9,789.16
-----------------------
Balance......$22,918.89

Month to Date: -$883.81

Goal: -$2400

Balance to goal: -$1516.19

Um...yeah, I think my goal was a little lofty considering all of our expenses this month!

DH & I have decided that when we get back from Phoenix, we will focus with laser intensity on the CC and get it paid off by Thanksgiving. Or Christmas. Definitely by our anniversary.

[erikaa]

My DH and I are just getting on board the TMM train. We finally spilled out his huge change jar(a large pretzel barrel) and have almost fully funded our emergency fund for BS 1.
We are looking ahead at our debt snowball and wondering what would be our best bet.
We have about 18k in CC and student loan debt. We also have a 1st and 2nd mortgage on the house and another mortgage on our investment rental property.
When we started looking for money we could liquidate or things to sell we faced two options. I was given some stock that is worth about 32k that i've had for about four years. We've always said we would never touch that unless there was an emergency or maybe a dream house, etc. We also have the rental property that we could sell. We'd expect to make about $40k on the sale. Right now the rent we receive for it is about what we pay on the mortgage.
So which one would you use to pay down the debt?
the stock is with Bank of America and just a few months ago was worth 38k, now is worth 32k. the rental property is in mrytle beach, it's a yearly rental, not vacation rental, and is in an excellent location, close to the beach.
would dave say do both and pay off your mortgages and build your emergency fund even further?
we're not sure. any thoughts appreciated, erika

[Purple*Lotus]

September's thread:
http://www.mothering.com/discussions...d.php?t=960267