DH and I our first day using the envelope system. We are loving it! We went out to dinner and had a bit left over to put back in the Date envelope. Then we made a purchase for BIL's Christmas gift. (We actually waited for several months for the item we wanted to get him to go on sale). Then we grocery shopped and compared prices to get the best deal. All while using the envelopes! What a great date night
Originally Posted by heymama1+1
Hello! Longtime lurker, been a DR nut for a few years. We did "stupid with zeros on the end" via rental properties when we were first married 8 years ago (if we hadn't I'd be sitting in a paid off house not working, ugg!) but since we "drank the kool-aid" life's been good.
My DH and I are both nurses, which is a blessing both because we make good $ and the hours are very flexible... we both work 30 hours a week and take turns staying home with our kids (14m DD, 4yo DS). We don't get many days off together, but that'll come.
Thanks to DR, we had a nice big EF when I got pregnant with DD. We cashflowed a homebirth with all the trimmings (doula, tub, Hypnobabies, etc). However, we didn't know that she came with a twin brother named Murphy!!
On the day I went into labor, our car was totalled ($7,000 replacement). Then our kitchen flooded ($3000). Then our furnace died ($2000). Then (thanks to some bad tax advice from the rental property nightmare) we were audited and got a nice 5 figure tax bill (that was from the state... I'm sure the feds are coming). And our dog flipped out during a thunderstorm while we were gone one night and did $2000 of damage (thanks Hurricane Fluffy).
Had this happened pre-DR, don't know what I would have done. But we were able to cash flow it all except the car (bought it when my DD was literally 2 days old, not how I wanted to spend my babymoon-- test driving used cars). But we paid the car off in 8 months.
We don't use the envelope system per se... we have a spreadsheet where we start at the beginning of the month and list when all the bills are due (they come out automatically). We use our cash card only for gas. Every payday (we get paid opposite weeks, so that's every Firday) we take out our spending money for the week. It's not divided into categories, but we've been good about it so far. If we have a big car repair this week, no groceries. If we need new shoes, we have to wait with something else. We've found anything can wait a week, and it's easy to be patient when we know more money will be coming at the beginning of the month.
We also give ourselves an allowance at the beginning of the month. Since my DH has a lot of expensive hobbies, and mine (for the last 4 years) have been gestating and lactating, this avoids the fights of "no you can't do that". It also means I have a lot of money in my personal piggy bank, but soon I can start going back to some of my old hobbies that I had pre-kids.
I just LOVE Dave Ramsey. I keep trying to get people on board at work and I've had a few interested parties. I just think once you read the book I don't know how you could go back to the old way. I'm so excited to find a group that's as "abnormal" as I am!!
BS 1-- done!
BS 2-- done!
BS 3-- got about 2+ months in right now
BS 4-- have got some saved from pre-DR days, I'm doing 2% right now to get the free match; we both have pensions through our nursing union
BS 5-- doing a little bit; hope to cash flow most of it
BS 6-- at our current rate of saving, we'll have our house paid off in 7 years at age 40!
BS 7-- soon enough!
Welcome! You have a great attitude
Originally Posted by kmb9906
I'm in! I lurked in the Aug. thread! We have a pretty good headstart ... we just need to get serious about buying a house. I am taking a PT, WAH job to help bring in extra income.
BS1 $1,000 to start an Emergency Fund - DONE
BS2 Pay off all debt using the Debt Snowball - DONE - debt-free! Woo hoo!!
BS3 Three to six months of expenses in savings - DONE
BS4 Invest 15 percent of household income into Roth IRAs and pre-tax retirement - DONE
BS5 College funding for children - STARTED
BS6 Pay off home early
BS7 Build wealth and give! Invest in mutual funds and real estate
Congrats on doing so well on those steps!
Originally Posted by llamalluv
Hey, y'all! Checking in from ingloriously hot Phoenix! 108F today! How's that for a vacation?!
Here are our starting numbers for September:
September debt numbers:
Student Ln 1...2,963.13
Student Ln 2...6,773.58
I believe we have set our goal this month at $1200, due to the vacation expenses, and we are also buying a freezer and 200 pounds of beef.
Wow that is hot! I am complaining about 80!
I love the end of September when the beef is ready from my Aunt's farm. My parents buy a cow and give me and DH unlimited access to it!
: The money they save us is unreal! I wish I had a bigger freezer
Originally Posted by p1gg1e
There is a DR class tomorrow at my SIL's church and I'm thinking of going. What can I expect?
I used to participate on the other threads but I haven't for a few months because we moved.
I haven't but I know some people here have. Good luck! I think you should go!
I think it is Dave on DVD and they play it and hand out things, etc.