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  Topic Review (Newest First)
10-11-2012 08:10 PM
mamayogibear

I've spent all year desperatly trying to get out of debt and I'm almost there, well sort of!

I did a credit report last Dec and have spent the past year paying off some and disputing other debts! A lot of them were things my ex put in my name through online accounts so I've been able to get out of some of those as well as an old medical bill that was willing to take my curent insurance. The rest I've been paying off one by one and just sent out the last money order today. I have two accoutns that I owe on that I am not late on and have not gone into collections. I've spent almost all my 'non essential' money on debts instead of buying like anything this year.  I plan to pay one off the first week of next month and the last is a phone account I am not sure what to do about.

 

The account is in my name (I thought I was just signing because I used my credit card to pay a portion of one of the phoens) but when we broke up my ex took them. When I realized the account was in my name I had it suspended for one year. If I want to close the account I have to pay what is owed on each phone, about 500 per phone and 400 in termination fees. If I want to use the account when the year is up I have to get new phones and pay the montly plan for the next eighteen months at the rate it was when he got the account a year and a half ago. I have about six months to decide what to do. I've tried disputing this with tmobile but they keep saying since I signed the form I am responsible which makes sense since I should have read the forms instead of just signing where my jerk ex told me to! Is there any reason I should keep the account and pay more but pay monthly instead of closing the account and having to owe it all in ninty days? The only plus I can think of is I would not have to pay for internet since the plan includes data and hotspots, but internet only costs about a third of what the account does...

 

Okay this is getting to be too much to think about right now, lol.

10-06-2012 07:20 AM
eirual

Started it last night http://www.mothering.com/community/t/1365084/getting-out-of-debt-in-october

 

P.S. I was starting new threads there for a while, but please feel free to just start it when need be!

10-06-2012 05:42 AM
orangemomma

Is there going to be a thread for October?

Wanted to report in on my goals for Sept - lowered cell phone bill by $10/month.

Finally got up the mental stamina to call student loan folks - the IBR plan is going to take documentation I don't have - plus wouldn't lower my payment. I chose to go with something called extended graduated plan - will save me $11/month in payments. I had hoped for MUCH more of a reduction but I will take it, of course. Every little bit has to count for something - or at least that's what I keep telling myself.

10-02-2012 03:50 AM
lilacvioletiris

Congrats trekkingirl on your preapproval. I hope you can find a home that works for you and your family.

 

orangemomma, RRSP contributions have to do with Canadian retirement accounts. My DH, who is Canadian, has one but rolling it over to the U.S. is something we have been discussing lately.

 

AFM, new month, sick husband :( and only 6.5 hours of sick time. I go to work unless I am so out of it I can't walk.  He has a sore throat, he stays home.  Whatever. We need every dollar his paycheck is supposed to contain.

 

I am so thankful for our emergency fund that covered the 3 new tires I had to have.  Okay so they had 70K miles on them and were going bald.  I guess they needed to be replaced.

09-27-2012 11:53 AM
trekkingirl

I love all the mamas on MDC that consistently take the time to comment on everyones posts and make them feel like they aren't just talking to cyber space. Love you ladies! I never remember all the user names and therefor seldom comment specifically.

 

Got my pre approval letter yesterday. $275,000

 

I am going to try to grab something around $240,000 if I can.

 

As for time to think, I may not have that luxury. I told my realtor, once were ready just make offers as soon as the house pops up then we'll go look at it and decide. That way we have an in.

09-27-2012 05:06 AM
orangemomma

trekkingirl - did you get your letter of approval for your house? Must be so hard to make a decision when houses are getting several offers per day! With something BIG like a house, I always want to take my time and think about it - sleep on it, ask others etc... How do you do that if others could be outbidding you while you do a sensible thing like think????? Good Luck!

eirual - love the visual!

surfacing - what are RRSP contributions?

 

I am still working on the student loan angle - no change in payment plans yet. For the first two weeks of October, I have the chance to pick up extra hours at work because someone is taking a vacation.  I am really wanting to take those extra hours but my SO acts helpless when he has do more than the usual number of hours of watching his own daughter. He works too and sometimes he can't arrange his schedule to accommodate watching her more than the usual. That's reasonable.  I just wish he would pick up the phone and call a babysitter or two - like I do. Duh!

 

I did a budget for October and I know how much I am short - hoping to take the extra hours at work to make a bigger contribution to the income column.

 

Good Luck to All!

09-26-2012 03:03 AM
lilacvioletiris

Surfacing - yes I sold probably $200 worth of close this last spring?  I think it took me about 2 hours each weekend for about a month - so average out 4 sundays at 2 hours each for photographing and listing I was getting paid $25 an hour.  Since the clothing was pretty heavy, it had to be shipped priority mail by the US Post Office.  They provide free shipping containers for priority mail and they will mail them straight to your home - I got self adhesive tyvek "bags" that fit the clothing perfectly for free.  I paid for the shipping labels (I was getting annoyed at attaching pieces of paper with the postage to the packages with packing tape so I bought self adhesive shipping labels, but it was so worth it).  I have things I still need to sell, but I already have the listings created for them (since they didn't sell the first time) so it should be easier. Commit to the time and it happens.  So much better than a garage sale where you "hope someone comes along to buy your stuff".

 

eiraul - I like the visual manipulative you created. In my budget, I use different colors for bills that are scheduled, but not yet out of checking, then another color for things that have come out of checking, and a no color for things I haven't even gotten a bill for yet. Visualization is the best though to keep all members of the family in focus for how much money still needs to be paid out each month/paycheck.

09-25-2012 05:22 PM
Surfacing

Eiural that is freaking brilliant!! What a great idea!! And such a good idea for helping yourself stay on track using a way that works for YOU. Creative and effective. Thumbs up!!

 

Dziejen - I like the way you look at it: "It's better to just have a car problem than a car and money problem." That puts it into perspective but I hear you on the frustration.

 

Lilacvioletiris - You've really had success selling on ebay? Did it take a lot of work to make everything organized, presentable and nice? How much time do you think you put into it? And with getting supplies to ship your clothing, it still worked out in the end to be worth the money and effort?

 

Trekkingirl - good luck with the house hunting and saving!

 

Orangemama - Yay on the $10/mo. saved on the cell phone bill! Yes, it's "little" but it still adds up. There are times when $10 can feel like a lot of money when you really need it!!!

 

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

My happy update:

 

I have cycled home from work twice this week and parked at my parents' house so saved money on parking and bus fare. Buying the $0.25 coffee at work and taking packed lunches thanks to dh's fantastic Midnight Lunch Making Efforts! <3  Off to check the bank account today and check my monthly budget to see where things are at.

 

I've been reading The Wealthy Barber by David Chilton and am thinking about starting RRSP contributions for dh and I... maybe $100/mo. for him and $50/mo. for me (as he is older than I and mine will have more time to accrue interest, etc. Ideally.) I know I have to not just think about it but do it. I am excited about it but think I need to wait until I confirm 100% our childcare subsidy next week and then be totally clear on our ongoing financial picture.

 

Keep on keeping on Mamas!
 

09-25-2012 08:31 AM
eirual

 

Just created a much-needed "hands-on" budget. This is only regularly occuring monthly payments, things I don't pay with cash (i.e. paid electronically). The numbers on the left are the dates they are either automatically withdrawn or the dates around which I RECEIVE a bill (if I don't pay it right away it gets forgotten about. Organizing according to DUE DATES has not worked for me). Clips without a number are varrying payments (e.g. paid every Friday so the date change). If you remove the clip and look on the inside, I have the totals or rough estimate of the bill written there. Hydro is double sided for months were electric and water are both paid I'll just flip it over.

 

1st, 2nd, etc. mortgage is not really a second or third mortgage, but the 2nd or 3rd weekly mortgage payment. As we move through the month, the clips get moved up (I have the bottom three to go this month).

 

I literally just made this but have been thinking about it for months- writing it on paper is fine and dandy, but then it's so stationary and I just write it and forget about it through the month. This way I can see it and feel it and manipulate it as things change.

 

Regular cash (groceries, gas, etc.) I will withdraw bi-weekly.

 

I also want to do this same sort of manipulative for "needs" or "wants" to prioritize all those cash purchases and SEE what my next goal is (e.g. I bought the soap we needed, next I'm aiming for winter boots, so no I don't really want the latte). 

09-25-2012 04:56 AM
dziejen
Quote:
Originally Posted by lilacvioletiris View Post

  Like DH says, "better to have a 21 year old brother living with us, then to have a 40 something brother living with us. Let's help him get educated so he can be on his own and self-sufficient." 

I like your hubby's attitude, lilacvioletiris!  Sounds like a good way to look at it. 

 

We have another FPU class tonight.  Interestingly enough, we had our emergency fund all set up before the first class and then I got a flat tire on the way to work this Saturday(which led to two new tires) and dh's car had a big problem last night and he had to take the day off from work today to get the parts and fix it today.  Murphy's Law right?  We talked about this in class last week and how it is better to just have a car problem and not a car and a money problem and how it feels good to have the cash to be able to just fix what is needed.  So true.  A little frustrating though. 

This has been such a busy week here and we haven't found the time to do our "homework" for the class since we want to do it together and we've been working opposite times and falling into bed right after the kids/work but I hope we can get ourselves together before class tonight. 

09-25-2012 02:50 AM
lilacvioletiris

Good luck trekkingirl on the house buying front.  That is pretty intense realty if a house gets 15 offers on the first day it is posted to the MLS.

 

Today is pay day!  Got about $50 more in my paycheck this month - not sure why, but I will see when the pay stub comes in the mail today and my DH got his prescription reimbursement so a bit extra there.  Need to save that medical reimbursement for the next round of his asthma meds.  Still not gotten his education reimbursement yet which is a huge chunk of money we will use for IVF.

09-24-2012 10:52 PM
trekkingirl

$2,758.31 in my house fund as of today! Seems to me that we are still a long way off from having enough for a house. We should have our pre approval letter by tomorrow and our realtor will start throwing out offers as houses come up. Where we live there are about 15 offers on a house the same day it goes on the market so this should be interesting. I am really excited but I sure wish we were able to pay off more debt before buying. Were just out of time. Houses are starting to go back up in price here. If we pay off our debts before buying they may be out of our price range by the time we get there.

09-24-2012 03:45 AM
lilacvioletiris

trekkingirl, so far having DB around hasn't slowed my husband down on the TTC path, if you know what I mean. We told DB we would give him a place to live and food to eat but everything else he has to cover himself. The money for IVF is coming from a reimbursement DH is waiting for (theoretically this week, but I will believe it when it is in our checking account and on its way to savings for next summer). I am going to need as relaxed a time as possible and I have June and July 2013 off from teaching, we will have made significant dents into our debt by then and by the time a baby would be born DH's car payment would be gone (May 2014). If we get pregnant naturally before our IVF cycle next summer, which we are attempting each month even though the urologist says there aren't enough sperm to get me pregnant naturally, then we will take that pregnancy in a stride!  We want a little one of our own. We will see what happens with DB.

 

Yesterday, DB was on the ball - filled out 3 job applications to take back today, filled out college application, started filling out Free Application for Student Aid - but our mom was at work and we didn't know her mailing address at the time she filed her taxes to finish up the FAFSA.  Being a school guidance counselor has its benefits but it is tough to keep objective when it is my own DB who needs to get to college. When I and my other 5 siblings were in college, I was the one who filled out the forms.  When it came to the electronic signature at the end, I would call up my mom and read her the page and get her mission to sign it.  It has been 3 years since my last brother and sister finished their post-secondary education.  I am glad my DB was at least making an effort on filling out the form. One step at a time.  Like DH says, "better to have a 21 year old brother living with us, then to have a 40 something brother living with us. Let's help him get educated so he can be on his own and self-sufficient." 

09-23-2012 10:37 AM
orangemomma

liacvioletiris; thanks for the suggestion - I may qualify. Based on last year's taxes -which is what they want as proof of income - I would not qualify for a reduced amount. This year I think I will be making $8,000 less which would bring my income down into the guidelines.

 

One of my part time jobs does not provide YTD earnings with each paycheck (family business). So I have to get my SO to talk to the accountant and get him to type something up. Then I can call student loan company and see if they will take my YTD earnings for both jobs for 2012 instead of my 2011 tax forms. Seems reasonable to me - but who knows with these folks!

 

Also wanted to say that you are a great big sister!

 

Good luck everyone!

09-22-2012 06:15 PM
trekkingirl

Is your brother being there going to cause issues with yall wanting to have a baby, IVF?

09-22-2012 10:56 AM
lilacvioletiris

orangemomma, would you qualify for an "income based repayment" plan with your student loan? I know that helped me to deal with paying my housing and utility bills as well as the student loans.  Check into that and see if it would help you.

 

AFM, I have my work set out before me.  My 21 year old little brother has come to live with DH and me so he can get some support to go to post-secondary education and get qualified to do something more with his life than wash dishes at a restaurant.  Before Labor Day, we had talked on the phone about how much money he had saved to pay for college - $1500 he told me.  Fast forward 3 weeks.  My sister, whom he used to live near with a friend of hers, called and said that dear brother's (DB's) money would be on the way on Oct. 15.  Turns out DB gave $500 to a coworker to fix the coworkers's car days before DB left New York to come and stay with us and gave the coworker $200 for having carted him around in the coworker's car and then to top it off he gave the same coworker $300 "because he was trying to be a nice guy and the coworker asked him for money again".  He has since used up all but $2.31 of the $500 he had left in the bank on food and gas to get to Wisconsin to visit our mom and then get back to Michigan.

 

DB and I had a discussion last night about "don't be a sucker" and give other people money unless it is truly a gift and he never wants it back.  We discussed putting $500 in a saving account that is a different account than his checking account.  We also discussed why it would be better to have cash, than to use "foreign ATMs" and get dinged with $2 transaction fees.

 

DH took DB out to get job applications Friday (DB has been with us for 1.5 weeks).  Tomorrow DB plans to fill out job applications and take them back to the places near by tomorrow.  I also told him that he needs to fill out his Free Application for Student Aid (FAFSA) so he can get some grants and scholarships to go to school.  I think because he has no money he will qualify for the Pell Grant (which I think is currently $5500 per year).  Monday, he needs to take the college placement test at our local community college, get his high school transcript sent to the local community college, and print a bank statement with his new address so DH can take DB to get DB's Michigan Drivers license to prove residency to the college, so college isn't so expensive.

 

DB, DH, and I will be watching the Dave Ramsey videos together so all three of us are on the same page. Hopefully I can help my DB from making some of the foolish mistakes I have made with money and avoid repeating some of the foolish things he has already done with money.

09-22-2012 05:21 AM
orangemomma

Update: I changed my rate plan with my cell phone carrier - easy - but it is only going to save me $10/month. I will take it - just wish it was more.

 

 

The student loan repayment idea I had is at bit more of a challenge - I don't fit into any category for deferment or forebearance. Still trying to see if I can lower my payments another way.

 

Thanks for sharing your stories!

09-21-2012 03:31 AM
lilacvioletiris

I need to get back to the ebay selling thing.  I made a couple hundred dollars this spring selling some clothing there. Every little bit helps.

 

My employer is changing my once a month pay day from the 20th of the month to the last day of the month (or the last Friday if the last day lands on a weekend).  I forgot to update my automatic savings deduction to reflect the new date.  Gonna have to be a bit more careful between now and next Tuesday with pay day.

09-20-2012 08:45 AM
Surfacing

subbing for inspiration
 


Am spending the afternoon making calls and have:

1) cancelled my monthly cell phone plan to make it pay-as-you-go so I can better control costs

2) added an extra $10 to each bi-weekly car loan pymts to make it pay off faster (and learned I can add extra payments at any time which go straight to the principal -- whether it's $0.10 or $100); the lady said it would cut back my repayment term by like 2 years!!! I don't see how that can be possible but if it's true, I will be a very happy camper! Then that freed up money can be used for other things like paying off other debts and/or increasing savings;

3) inquired about increasing my deductible for auto insurance to reduce monthly payments, but my policy renews in about 2 mos. so they told me to call back then.

 

Next I will see about transferring a credit card debt to a lower interest rate.

 

Inspiration Mamas!!!!

 

Sometimes I scrape together the children's outgrown clothes to take to the second hand store to make some extra money. Usually I get no more than $20 out of the effort. Makes me wonder if it's worth the gas.

 

I've tried selling some things on Craigslist before but with very little success.

 

I've sold some things to Cash Converters... that reminds me, I should go there again with a few pieces of jewellery. Sigh! But you gotta do what you gotta do.

 

Enjoying this thread, thank you mamas!

09-20-2012 03:45 AM
lilacvioletiris

orangemomma, I too liked the "peace" in "financial peace"

 

basylica, thank you for sharing your story.  It is encouraging to hear of other people making significant changes to their finances that make significant differences.

 

AFM, my trip to Las Vegas for a convention was great.  Except for the $13.99 to use the internet, the foundation people who financed the trip, took care of all my expenses while I was in Las Vegas.  I had to pay for food on the way there and on the way back, but I will get reimbursed for those.

 

On the twentieth of each month, I consider how much I have paid off $8355.63 since January 2012 - about $900 a month.  Makes me mad that I pay about $1800 in credit card and school loan payments, and only half goes to actually paying it off. I think I want to call the credit card companies and see if I can finagle a new interest rate so what I am paying in actually gets to pay on principle not interest.

09-19-2012 09:20 PM
trekkingirl

If me and my DH had separate accounts I would have to charge him for childcare! Otherwise I would always be broke. He only keeps the kids for 10 hours a week........

09-18-2012 03:09 PM
Basylica

I'm STILL not sure how I did it, but about 4.5yrs ago my ex filed for divorce (to get jump on me) and left me hanging with 2m of bills, drained joint acount a day after I'd been paid (I made 2x his income), and kept dragging me to court costing me 30K before it was final.

I was paying around 1300/mth in daycare and my ex didn't pay a dime in childsupport until it was finalized because he wasn't forced too (grr) and he pays 540/mth. LOL.

 

we had jointly 15K in debt, of which I was given 6K, and my car blew up shortly thereafter so I bought a new kia since I'd had bad exp in the past with used cars and GREAT luck with my sephia until it died... I was making 42K at the time all this went down and for the next year after.

 

I cut out ALL spending I could. turned off cable etc. I'm not a huge spender anyway...even with kids the reccomended toys/gifts/clothing always baffles me.

handmedowns and freecycle and thrift are your friends there.

 

I don't eat a heck of a lot to be honest, my biggest food expense is probably my dew habit, but even so we were eating PB&js or ramen or cereal quite a lot.

 

You just have to buckle down to a "will I DIE if I don't have this" mentality. and not a "It's my industrial sized blowdryer and I can't live without it!" die, I mean your heart stops beating and you stop living kind of die.

Pay off highest interest debt first, call CC companies and argue rates and amount owed (I paid 3500 of the almost 6K by threatening filing for bankruptcy and them not seeing a dime) if you have debt.

 

I went from NO 401k, no savings, no emergency funds, and having CC debt when we seperated in feb of 08

currently I have no CC debt, a car payment (mainly to try and rebuild all the damage my ex did with the credit cards), the house, and a fast growing savings, investment acct, and 401K plans.

 

Oh, and they ALL say it, but I firmly believe that whenever you get a raise (my income went up to 55yr and stayed there for +3 years, and is now 82yr), make extra money, or free up cash with paying off something - IMMEDIATELY put that into savings.

I have my bank acct setup to move a certain number into savings the monday after my payday every 2 weeks. when my younger son started kindy this year my daycare bill went from 240 down to 160. I promptly upped my biweekly transfer by 150 dollars.

 

I'm still living like I make less than 42/yr, and in the last err....3 years i've put away around 33% of my salary (if I average) each year.

 

I also made it abundently clear to my bank that while my accts are linked so I can transfer to savings I did NOT want what-you-call-it...where it'll transfer from savings to cover a purchase?

all the banks I've ever used would charge me a NSF fee, then a fee to move over my money from savings, etc. I'd been charged over 40 dollars for a cup of coffee because of this crud.

 

now if I make a purchase with my debit and the money isn't in there, my transaction is declined. I usually keep a pretty good buffer in checking, but my previous job I was travelling about a week out of every month and paying for tickets, hotels, and expenses out of my checking acount and waiting weeks (I quit beg of may and i JUST got my final expense check end of aug!) or months to be paid back. at one point my previous employer owed me 5K in expenses!

with all that travel sometimes I forgot or hadn't had chance to login and Xfer a bit over from savings to cover the added expenses. Sometimes I just needed the reminder to do so!

 

When I was still married our JOINT income was around 50K and i'd tell my ex i'd payed extra towards CC or something and not to buy *anything*. I am usually pretty good at keeping a running tally in my head of total and knew if I had 500 or 100 in my account +/- a few bucks. I'd login to our acct and find we had -300 bucks because of a handful of charges and a TON of nsf/transfer fees. I'm talking on a monthly basis. If I wasn't afraid it would cause my ex to snap and hurt me (which I had all rights to be paranoid about it turns out...he got quite violent since divorce/seperation and has attacked me several times since) I would have given him an allowence!

 

if you or your SO have issues with impulse control, setup accts or prepaid cards with $$ to cover gas and food and whatever like an allowence but any large purchases would need to come from another acct that you don't carry access around with you. Ie - master acount that has pay put into and you use to pay bills etc but doesn't leave the house unless you both agree on it beforehand. then smaller $$ either with prepaid cards or joint cards (for awhile paypal did debit type cards? not sure if thats the case now) with a fixed limit that should cover just your normal expenditures for 2w or a month.

 

Those are my big things. if I ever remarried however, I don't think i'd ever do a joint acount again. I think i'd take suze orman's suggestion of figuring out total bills and each person contribute a % of that total based on their income (same income = 50% each, one person makes less they pay lower %) to a acct that is used for joint expenses and then each person retains control of the rest of their income.

But I was burned :)

09-18-2012 11:46 AM
orangemomma

eirual - thank you for the kind words :)

 

I did calculate my net worth and it scared the pants off of me - no rage there, just terror. I am using that fear to make the few changes that I can see at the moment - what with cutting down on cell phone costs and struggling with the student loan people.

 

I will keep reading - I have ordered DR's Financial Peace from the library - don't know if it will be helpful but I like the "peace" part in the title.

09-18-2012 11:22 AM
eirual

When action seems too overwhelming for this month, just arm yourself with knowlege. Calculate your net worth (yes, that means adding everything up that you owe, but that's what will trigger the rage and light that fire and you WILL find a way to make it work!). I'd suggest starting there (it may require wine...or hot tea...but DO IT!!!! It's even free! :) )

 

I like to remember too, that even if you can't follow the path exactly, if you make an effort, you'll likely find yourself heading int he right direction at least (which is a lot better of a place to end up than backwards and way off the mark).

09-17-2012 02:42 PM
orangemomma

Hi, I'd like to join this group. I just finished reading DR's Total Money Makeover and am feeling very overwhelmed.  I think I am going to be at pre-step one for awhile - getting current on all bills. It seems that when I get current on one bill - 2nd mortgage for example, I fall behind in something else like student loans!

09-15-2012 08:40 PM
trekkingirl

NAK

 

 

AngieB I live in Northern Ca too, Petaluma. When I first started TTMM I used to feel stuck too. I would get pissed at Dave and feel like he was writing to the middle class and not someone poor like me. He would say sell your toys and I would look around for a jet ski or harley and laugh! Baby step one \especially pissed me off. Gee Dave if I could just instantly come up with $1000 would I be reading this book! That's A LOT of money. I got mad, I got CRAZY and made drastic decisions to change. Dave said I paid too much rent. So I moved into my RV. I went from $1650 a month down to $350 for rent. That made things start moving in the direction I needed it to. Dave said I should sell my car but I have a $4000 upside down car loan so to me that doesn't make sense. I have only paid off one of my four credit cards but I am well on my way to home ownership which has been a life long goal of mine. If you have no wiggle room and you really want freedom get MAD and CRAZY. Down size, get rid of everything you can. Work two jobs, I do. Make a budget and stick to it. I still haven't mastered that. Good luck girl, you're in the right place!

09-15-2012 03:06 PM
kitteh

Subbing in here. I seem to have missed last month's thread entirely, whoops!

 

Our current debt load is $1762 @ 0% and my student loans around 20k on IBR right now. I should probably be tackling that student loan debt right now, but for some reason I feel compelled to build our savings instead.

 

We've got around $7,500 saved right now and will hopefully be at 8k by the end of the month. We need 16k to have it fully funded (8 months) so I'm trying to be gazelle-like about that. 16k seems a long way off, though!

09-14-2012 06:09 PM
lilacvioletiris

Trekkingirl, wish you lived where I do - you could buy an awesome 4 bedroom, 3 bath house in the historic part of Battle Creek, MI with 2 car garage for $89,900.  In so many ways, I wish I would have done Dave Ramsey sooner, rented for awhile longer, and been able to own a larger home.  Right now I am stuck in my 2 bedroom home that I bought for $71,900 when houses like the one above was for $120,000 and I didn't want to be house poor.  Yep, hindsight is twenty twenty.  Now houses my size are selling for $20,000 or less.

 

dziejen, I ought to look into going to a class again and just reviewing what is there.  DH and I have been doing great with budget meetings.  Not always what he wants to hear about the fact that we don't have extra to "play with" but we have enough to cover our bills and put a little in savings and we are snowballing our debts.  Still haven't gotten his educational reimbursement - grr!  We are going to use that to pay for our IVF, but it looks like we will do that IVF cycle next summer when I can relax from teaching.

 

AngieB, welcome, I hope you can get back on your Dave Ramsey kick with the help of this group.  I find it exciting to hear of people making progress, like nyssaneala above, that keep inspiring me to spend more wisely.

 

AFM, I got an extra check from proctoring the ACT.  They now do direct deposit and the test was Sunday and the money was deposited today into my account.  Just in time for my trip to Las Vegas for work.  Nope, not going to gamble.  I don't do that kind of thing anyway.  Even more so that I am trying to get my debts paid down so that I can stay home with children I want to have.  Focus, focus, focus.

09-14-2012 02:29 PM
dziejen

AngieB, you are definitely not alone!  I feel the same way a lot of the time.  This group provides inspiration/motivation for me and some ideas too.  Sometimes it helps to know there are people in the same situation as us.

 

Maybe just hang out here for awhile and see if you have any ideas or write out what you are spending and see if there is any wiggle room at all.  I like that Dave Ramsey's program calls them "baby steps" because big changes can be intimidating and harder to keep up with. 

09-14-2012 09:54 AM
nyssaneala

DH's bonus finally came in today's paycheck. I just made an additional $5,000 payment on his student loans. It feels both good....and bad. I get slightly nauseous every time I log into his student loan account and see the balances...and the reminder of how much interest accrued while he was in his surgical residency. Bleh. His balances are still higher on ALL his student loans than what they were when he graduated med school, even with today's extra payment. At least this is one of the only debts we have left (along with our mortgage).

 

On a positive note, we have started a savings account towards a new car, I'm really hoping the next time we need to buy a car we will not have to take out a loan! 

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