Minneapolis/St. Paul Nesties
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Total Money Makeover by Dave Ramsey (Anyone else read this?)
I finished reading this book last week and now I am reading his Financial Peace Revisited.
I know this isn't the MM board....but was wondering if anyone local has read this.
It has been life changing thus far anyways.
Re: Total Money Makeover by Dave Ramsey (Anyone else read this?)
BFP#1 - 8/26/2008 | Isaac Levi @39w 4/26/09 :: BFP#2 - 6/22/2010 | natural MC @9w 7/28/10 :: BFP#3 - 10/25/2010 | Ezra John @39w 6/26/11 :: BFP#4 - 8/7/2012 | EDD 4/17/13
Precisely we're not acting on it. It does make so much sense. I read The Automatic Millionaire a while back and he stresses paying cash for things also and I have been wanting to get to the point where we're saving up and paying cash for things, however until I read TMMO I was struggling to find the steps....
Are you going to the class somewhere? I was thinking about checking out a free class at least.
we've been following his program since January. It's been working fairly well for us. We've had a few bad months, but have revamped our thinking.
It's total common sense, and we've been doing very well with it lately. I love that we will be debt free (aside from our house) soon, and the sacrifices now are totally worth it.
I've wanted to try the envelop thing but we're semi-self employed so the ups and downs by month make things hard to have the cash up front to do it. But I'll get this book from the library
(Love how saving money includes not buying all those money books! lol)
I just read Mind over Money by two psychologists. VERY VERY interesting and not about budgeting but about how we all have "money scripts" and how to psychologically figure out our family stories/lessons/ethics around money and then be able to move forward more healthy. Some of the stories these guys have are tragic about people and the drama of family life and money.
I got the books from the library also. I will probably end up buying them at some point, when I can find a deal on them
I like referring back to them and taking notes and underlining things on the pages...which I can't do with the library's book.
His books and philosophy are also about changing the way you view money. I have done a lot of reflection and think I have figured out most of my money obstacles.
We're very lucky in that when we bought our house last summer we made sure to get what we could afford on one income because I knew I would be going to school FT and working less. However I am not working much less yet.
We don't have an astronomical amount of debt outside of our house. So I have a very lofty goal of being debt free from everything including the house in 7-10 years. (I am really leaning towards the 7yrs with my calculations, but I say 10 to make my DH feel better. He thinks we'll be broke and never doing anything fun)
Also, with the envelope system we only have 3 envelopes right now. Entertainment which includes dining out and included DH's vikings game on Saturday. It also included our supplies for our yard game we built yesterday.
I think the grocery envelope will be the most beneficial to me. Also we addressed some various feelings regarding the money and in the mean time before my DH's appt to get Chantix we worked his cigarettes into an envelope fund so he doesn't spend his cash fun money on it. He has an appt on 9-14. This way he's not feeling deprived and broke, but yet he's seeing it's impact on our funds and does feel bad. Also, this way he's not using his check card for anything other than gas.
we actually just adapted his plan a little to make it work better for us.
We never had all the money upfront (obviously) for the budget. So DH used to divide the paychecks up and add to each category as we were paid. And we were ALWAYS going over (especially for food). So this month we borrowed the monthly budget from the emergency fund, and put the paychecks back into that account.
It worked fantastically. We'd probably be a little screwed if something major happened at the beginning of the month, but we'd be able to figure something out. It was the first time ever that we've had a little bit of money left in every category at the end of the month.
I just picked mine up in the past week and they had some in circulation and I didn't have to wait. The newer version there is a waiting list for, so I just got the one that is a few years old instead of waiting. (And instead of running out and buying it! LOL)
There is an FPU class soon in my area, I was thinking about seeing if my DH would go to the first one with me since it's free. He's getting into this more and more each day and with each purchase or supposed 'need' of something comes up.
Did you end up getting all access to the online community and those member things on his website with your class you took? I thought I read somewhere that with it you get a lifetime membership or something? Maybe that was just that you could go to the FPU classes whenever you want?
ETA: Another note on the envelope system. We're not doing it by the month yet. We just did it for this one paycheck and we'll sit down and discuss where we plan for our money to go every other week and fill the envelopes accordingly every 2 weeks.