Alabama Nesties
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Lauren just made me realize that I should be proud of our progress, too. We've paid off 1/2 of our cc debt since the beginning of the year! Now it's crunch time and we want to pay of 1/2 of what's left by the end of this year. Please pray for our self-control and that we're conscious of the money we're spending/saving!
Re: AW: Snowball Progress
Way to go!!!
Keep it up, I know you guys can do it.
that is VERY awesome! i love it! get it outta your liiiife!
can't wait for the "paid off" declaration in just a few short months! think about THAT! what an awesome christmas gift for you and your dh!
I would feel pretty confident in saying that Alesha is on a version of the Dave Ramsey snowball....if not on THE DR snowball system... but his ideas about getting out of debt make the most sense to me (out of most all other financial planners and advisors out there).
Here is a website that Rachel posted a long long time back that can make planning how to execute the snowball easy! http://www.whatsthecost.com/snowball.aspx
We're doing the Dave Ramsey Snowball. We first paid off our smallest balances then started agressivlely paying down the balance with the highest interest rate while paying the minimum balance on the lower ones. Once those are paid off, we'll start knocking out the one with the next highest, and so on. We have two balances left - one we transferred a balance to get a 2.9% interest rate and one with a 9% balance, which is the agressive one. We have our $1000 (minimum) emergency fund saved and I feel really good about that. So it's working out so far...
http://www.daveramsey.com/etc/cms/index.cfm?intContentID=4055
Thanks! This is something I have been meaning to focus on for a while---maybe this will jump start me...
DITTO! We had an FA and all he did was tell us how we "could" put more money on CC's but could never tell me where it would come from. I manage our money better than he could tell me how, except for my shopping problem (Eek!). I'm recovering from that, though!
The ELP here in B'ham was really helpful in getting B and I set up with our Roth's...if you want their contact, let me know. I know they provide services other than just retirement and investment planning and such....if you already have someone helping you with that aspect of finance....
Katie, you guys should come up next month (Oct. 11) for Dave's seminar. There really is nothing like hearing it and seeing how logical it can be. I'm buying our tickets for it tonight! Last time I went, you were provided a workbook and something else I can't seem to remember. Anyway, it's a great motivator and valuable seminar.
That would be great - shoot me an email! Once we pay off our debt and have tons of money to save, we need to know what to do with it. LOL