Dumping Debt and Building Wealth with Dave Ramsey ~ May - Page 11 - Mothering Forums

Forum Jump: 
Reply
 
Thread Tools
#301 of 309 Old 05-31-2008, 01:46 PM
 
elizawill's Avatar
 
Join Date: Feb 2007
Location: right here
Posts: 5,262
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
hello, i'm totally new here. i'm amy. my dh and i were on the verge of debt consolidation, but per the advice of the ladies here i purchased the dave ramsey book "total money makeover" instead. i'm almost done with the book, and then my dh promised he will read it too. i LOVE this book. i have for the first time in my life set up an actual budget for us. i know how much money we make now & i know what we are actually spending our money on. that in itself is liberating! we are still in the process of baby step 1, and i'm hoping to get that within the next 8 weeks completed. my question though is regarding my budget. my dh has 2 jobs. his first job he makes $3500 (or 2886.26 after taxes monthly). his second job fluctuates, but on the low end he usually makes about $900 monthly (usually a few hundred more but i'm playing it safe).

the thing is, he gets paid on the 15th and 30th of each month with his salaried income, & then with the second job he gets paid the first monday and wednesday of the month (he gives guitar lessons those nights but gets paid for the full month on the first lesson of the month). my budget is totally great (lol - i think???), but i'm honestly confusing myself with how to delegate the funds throughout the month. it would be so much easier if i had all of the $$$ at the beginning of the month, ykwim? how do others here budget. i'm trying spread the money out evenly if that makes sense. thanks for your help. i hope this makes sense.

homeschooling mama to DD 10 & DS 7 blogging.jpg

elizawill is offline  
Sponsored Links
Advertisement
 
#302 of 309 Old 05-31-2008, 02:46 PM
Banned
 
Join Date: Mar 2006
Location: the Circle K
Posts: 5,766
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Last night I took a look at how I am doing at BS2. Since January I have paid off $5000 in debt and next week I will probably hit $8000 paid. Of course I still have $38,000 left (almost all is student loans) but one of the two credit cards are paid off and I almost have the money to pay off the other one. :

I wasn't too into the gazelle intense thing because it seemed like my debt was so high but watching the numbers in my spreadsheet going down is pretty exciting. I would like to be debt free by the time we leave the hell-hole we live in (1-2 years).
lalaland42 is offline  
#303 of 309 Old 05-31-2008, 04:59 PM
 
Mama Rana's Avatar
 
Join Date: Aug 2004
Location: hanging out with the sinners
Posts: 939
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by elizawill View Post
hello, i'm totally new here. i'm amy. my dh and i were on the verge of debt consolidation, but per the advice of the ladies here i purchased the dave ramsey book "total money makeover" instead. i'm almost done with the book, and then my dh promised he will read it too. i LOVE this book. i have for the first time in my life set up an actual budget for us. i know how much money we make now & i know what we are actually spending our money on. that in itself is liberating! we are still in the process of baby step 1, and i'm hoping to get that within the next 8 weeks completed. my question though is regarding my budget. my dh has 2 jobs. his first job he makes $3500 (or 2886.26 after taxes monthly). his second job fluctuates, but on the low end he usually makes about $900 monthly (usually a few hundred more but i'm playing it safe).

the thing is, he gets paid on the 15th and 30th of each month with his salaried income, & then with the second job he gets paid the first monday and wednesday of the month (he gives guitar lessons those nights but gets paid for the full month on the first lesson of the month). my budget is totally great (lol - i think???), but i'm honestly confusing myself with how to delegate the funds throughout the month. it would be so much easier if i had all of the $$$ at the beginning of the month, ykwim? how do others here budget. i'm trying spread the money out evenly if that makes sense. thanks for your help. i hope this makes sense.
The YNAB [You Need A Budget] software is great for incomes that vary like that because you work on last month's income. It takes a little time to "gather" one month's expenses in teh bank [almost like a BS1.5 or something], but then in June you'd be using the money you made in May, so you know exactly how much there is to spend. YNAB.com and no, I don't make any money off them
Mama Rana is offline  
#304 of 309 Old 05-31-2008, 07:47 PM
 
MyTwoAs's Avatar
 
Join Date: May 2004
Location: In my own little la-la land
Posts: 3,591
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Mama Rana View Post
Jaime, I hope you're feeling a bit better. I wanted to clarify something I wrote, re the tutoring or other suggestions. You made a comment that you work 70 hours, and no one could expect you to do more, and I agree, and wanted to make sure you realized I meant the tutoring, etc. instead of the overtime [if that's possible].
Yes, that is also what I meant. Not expecting you to work 80 hours!
MyTwoAs is offline  
#305 of 309 Old 05-31-2008, 11:59 PM
 
FeelingBlessed's Avatar
 
Join Date: Dec 2007
Posts: 484
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Thanks to all for the laptop advice! Going to start checking around, figure out exactly what I do (and do not) need, and make a well-thought-out and rational decision. Wish waiting for the holiday deals was an option, but need to get something within the next few weeks for work purposes.

Kim
FeelingBlessed is offline  
#306 of 309 Old 06-01-2008, 12:02 AM
 
FeelingBlessed's Avatar
 
Join Date: Dec 2007
Posts: 484
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
[QUOTE=~*Jaime;11347896]I am doing the best that I can and I feel so bad right now I just feel so alone and miserable and depressed QUOTE]

Jaime!
FeelingBlessed is offline  
#307 of 309 Old 06-02-2008, 12:34 PM
 
lauriem33's Avatar
 
Join Date: Nov 2005
Location: Western WI
Posts: 594
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Jaime, . Hope you're feeling better & I love the support everyone here gives. Y'all are really great.

Anyone up for starting the thread for the new month?

read.gif mama to 2 dust.gifhomeschool.giftreehugger.gifsaynovax.gifRainbow.gif
lauriem33 is offline  
#308 of 309 Old 06-03-2008, 12:21 AM
 
HappyHelpmate's Avatar
 
Join Date: Dec 2006
Location: Central Arkansas
Posts: 163
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by elizawill View Post
my budget is totally great (lol - i think???), but i'm honestly confusing myself with how to delegate the funds throughout the month. it would be so much easier if i had all of the $$$ at the beginning of the month, ykwim? how do others here budget. i'm trying spread the money out evenly if that makes sense. thanks for your help. i hope this makes sense.
I definitely know what you mean. Right now our bills even out between the first and middle of the month, but what I've done in the past is subtract out of the checking account for 1/2 the rent (or whatever bill it is) with the payday that doesn't really have bills due at the time, and then when it's actually due I add it back in. So the money's there the whole time, but when I look at my checking account balance I don't see it, so I don't spend it. Kind of the same principle as saving monthly for annual expenses.

Sarah , Wife to DH , Mommy to DS 01/07 , DD 04/09 , and Due 04/11
HappyHelpmate is offline  
#309 of 309 Old 06-03-2008, 07:04 PM
 
althara's Avatar
 
Join Date: Jan 2007
Location: Oakland, CA
Posts: 443
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
June's Thread is here.

Working mama treehugger.gif to K energy.gif (2/2007) and A diaper.gif (6/2013). Expecting stork-suprise.gif EDD 10/7/2014.
althara is offline  
Reply

User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off