Comments on: Financial Baby Steps: Save up $1,000 and Become Debt-Free

By: Lindsay

Lindsay — Mon, 16 May 2011 12:42:48 +0000

Hi Tsh,
What Dave Ramsey book would you recommend to start with?
Thanks!
Lindsay

By: Heather

Heather — Thu, 24 Feb 2011 17:34:00 +0000

I am trying couponing right now. Getting reading to blog about my first real savings after about 3 weeks of couponing. I have started on the emergency fund but we have tried before several times. I can’t seem to get it built up to 1,000.00 to get the debt snowball rollling. I get the momentum them my hubby doesn’t. It not that he doesn’t want to he just doesn’t get excited and determined like I do. He feels like he works and works and never gets to spend on anything he wants cause it all goes to bills. Then I loose my momentum and give up especially on the shopping trip for groceries or things we need.

http://www.calledtothisjourney.com

By: paulette

paulette — Thu, 30 Dec 2010 19:14:14 +0000

hi – i’d never thought about that once you had the 1000.00 in savings and have over that amount, too, that you’d use the additional to pay down debt.

thanks!

By: Best Mommy Blogs « The Eclectic Woman

Best Mommy Blogs « The Eclectic Woman — Fri, 22 Jan 2010 06:04:36 +0000

[...] of humor that clearly shows in their writing. And they all have wonderfully practical ideas on money management, decorating on a budget and feeding cows (okay, maybe not practical for most of us but oh so fun to [...]

By: Chelsea

Chelsea — Mon, 18 Jan 2010 18:59:01 +0000

Thank you!
.-= Chelsea´s last blog ..It’s a love story. =-.

By: Tsh

Tsh — Mon, 18 Jan 2010 18:51:50 +0000

Yep, that’s what Dave would say to do. It’s more important to get out of debt than to hold on to investments. When you’re debt-free, you start saving up money fast.

By: Chelsea

Chelsea — Mon, 18 Jan 2010 16:50:38 +0000

I can’t thank you enough for your posts on this subject! I do have a quick question, however. I’m following a few other blogs that are going into the Dave Ramsey steps in depth, too. One such blog mentioned that if you have more than $1000 (in savings OR in investments), you should use that to pay off debt. She mentioned that you should sell off your investments and know that you’ll be able to re-stock them later. Is this correct? We have quite a bit of money in investments, but very little in savings as we’ve drained our savings recently to purchase a home. Should we sell off all our investments even though we’ll be losing money? Thank you so much in advance!
.-= Chelsea´s last blog ..It’s a love story. =-.

By: Emily Geizer

Emily Geizer — Tue, 12 Jan 2010 19:40:21 +0000

Boliath,
I posted just before you about how Dave’s plan helped me stay at home. But having a parent at home is not a requirement! In fact, it’s no secret that you will build wealth faster with two incomes rather than one.
My only point was that I thought it would never be an option for me to stay home, which was my wish. my dream. Once we got on a very stringent budget and knew the details of our monthly expenses we were able to take control of our finances instead of our finances controlling us.
.-= Emily Geizer´s last blog ..Bringing Meaning Back to Manners =-.

By: Lyndsi

Lyndsi — Tue, 12 Jan 2010 19:29:01 +0000

Boliath,
I just posted a comment on that article you posted. I think he gives the one income/stay at home mom/ single parents, etc., stories a lot to inspire people. If one-income families can do it, then ANYONE can!! It is for inspiration. We started the Dave Ramsey plan (and did about half of it) while we were both working full-time and paying childcare. His “example” budgets really are just that, an example to get you started. He acknowledges that every family is different! Please don’t be discouraged and disappointed because you do not have the exact same story as some of the people in his book. He has many, many, more every single day on his show and there are all kinds of people that have followed his plan with all different circumstances and backgrounds!!
.-= Lyndsi´s last blog ..Tips for Safe Water =-.

By: Tsh

Tsh — Tue, 12 Jan 2010 19:06:02 +0000

I know it can seem that way, but he actually takes lots of callers on his show where both people work. He helps them work it out. .-= Tsh´s last blog ..Financial Baby Steps: Save and Invest =-.