Money Matters
Geekywife
member
Dear Community,
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.
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.
New to this board: Anyone doing the Total Money Makeover?
My husband and I are starting the Total Money Makeover and I was just wondering if any of you have done it. I am hoping that someone out there has been in the program and can let me know what to expect.
If you have how far along are you or how far did you get?
If you are finished, how long did it take you and if you don't mind how much debt were you in and how much were you making?
Any other tips about it will be welcomed.
Re: New to this board: Anyone doing the Total Money Makeover?
We are, kind of. We haven't followed it exactly, but it got us started in the right direction.
We have an efund of $2500, we did do $1000 initially, but once we got pregnant we didnt feel comfortable with only $1000.
We have been debt snowballing for nearly 5 years.....yep. We will be done in December of this year. We have paid off about $100,000, and had a child during that time. That was mostly CC debt, that included medical debt and being stupid. Most was accumilated by each of us before we got married. It also included 2 large car loans.
In December we will start splitting the money we have been putting to debt between efund and house fund. That goes against the total money makeover, but we will have a nice efund by the time we buy a house.
Good Luck! This board helped me a lot, I was here 5 years ago and just started reading again recently when we started to get off track. One thing that has helped us was whatsthecost.com It calculates your debt snowball and tells you how much you will save in interest by paying the highest interest first. (it also tells you how long it will take.....which was the scary shock we needed)
And stick around here, the ladies are smart and very helpful!
We are kind of doing it too... We didn't have any debt other than 2 mortgages when we got started- so we got our emergency fund set, and paid off the mortgages in 5 years (live in a very low cost of living area) and are putting a lot of extra money now into retirement.
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss