Comments on: Financial Baby Steps: Save and Invest

By: Amanda

Amanda — Tue, 18 May 2010 01:49:15 +0000

I have been doing this all backwards. I got rid of my dept years ago, but I have not been able to save any money. I am scared to put all the expenses and income on paper. What if I do not have enough to do this buget? But, last week we had an emergency and we are stressed-out because we do not have any money. But we always seem to have money for magazines, bottles or wine and chocolate. I think once we see how much we are spending on these extras it will help encourage us to save. And, I agree that it would be exciting to watch our money get bigger and bigger. It was exciting watching my dept get smaller and smaller.

By: Tsoniki Crazy Bull

Tsoniki Crazy Bull — Sun, 17 Jan 2010 01:17:12 +0000

I love the ING accounts! I have several set up right now and have money taken out automatically each month. It's very easy. I need to make sure $1000 emergency fund is fully funded, but I am sort of doing the debt snowball already. We are down to less then $5K credit card debt, but just bought a new car and have mortgages, which I'd like to be able to pay a lot more on. I want to start a ESA too, maybe I should just bite the bullet and do it! .-= Tsoniki Crazy Bull´s last blog ..Two Quilt Blocks =-.

By: april

april — Wed, 13 Jan 2010 19:53:34 +0000

the reason dave says to “pass up a company match” and totally focus on paying off debt is because you will be that much more motivated to get rid of the debt !! it’s about behavior…90% of it. and it works.

By: april

april — Wed, 13 Jan 2010 19:51:09 +0000

you are going to pay off all of your debt minus the car… why not including the car? car payments are the worst.

By: The Pursuit of Mommyness

The Pursuit of Mommyness — Tue, 12 Jan 2010 19:58:07 +0000

Thanks for the awesome tips! My hubby and I are working on #1 and #2 right now…as we are also preparing for parenthood…it’s definitely tough to do but organization, preparedness, discipline and teamwork are key! Thanks for the helpful resources!
.-= The Pursuit of Mommyness´s last blog ..5 Things Modern Wives Could Learn from a 1955 Magazine Article =-.

By: Alissa

Alissa — Tue, 12 Jan 2010 19:41:22 +0000

Thanks for doing this series. I’ve been reading a lot about Dave Ramsey lately. Did you have any sinking funds in place while you were doing BS1 & BS2? Or did you just put everything toward your debt, and use your BEF for anything that came along?
.-= Alissa´s last blog ..Mvelopes Referral Update! =-.

By: AboutOne Rick

AboutOne Rick — Tue, 12 Jan 2010 18:27:32 +0000

Tsh, This advice is bullet-proof. I could not agree more! Thanks so much for sharing. Looking forward to steps 6 and 7! Rick .-= AboutOne Rick ´s last blog ..How can I sign up for AboutOne? =-.

By: Meliss

Meliss — Tue, 12 Jan 2010 17:27:36 +0000

Doing these baby steps has made our life much more simple and a lot less stressful!
Thanks for writing about this, it is a great reminder for the new year!
Cheers,
M.

By: Crystal

Crystal — Tue, 12 Jan 2010 17:06:14 +0000

I’m really thankful you’re going over this again. It’s such a great reminder & motivator! Thanks.

By: Laura

Laura — Tue, 12 Jan 2010 09:39:07 +0000

It would be crazy for anyone to pass up a company match on 401k savings in order to stick with this plan. Money invested early on in a retirement plan has more time to grown and has a huge impact on the bottom line. Ramsey’s plan offers a basic structure for debt repayment, but is best modified to a more realistic plan with more of an eye toward the future.