Dave Ramsey Support Thread ~ Feb 4 - Feb 10

[MakingHome]

We're just starting but actually are going to pay off a huge chunk of our one CC hopefully in this next week.

I actually have a question. We have student loans in the amt of roughly $22k. But we are expecting our 6th child sometime in the next 2-3 weeks. Our current vehicle will BARELY fit us all, but if we do even a tiny grocery run, the kids' legs/feet are on the groceries, KWIM?

Once our CC is paid off, we'll be waiting to get our tax return in August or September but then once we get it, I'm curious what the Dave Ramsey advice would be? Use it to buy a vehicle outright that would fit our family? Or pay off part of the student loan debt? What say you ladies?

[new_mommy78]

We are FINALLY closing on our refi this week! So that means we get to skip a mortgage payment! Yay!
We are taking a trip to Disney next month, and I am SO excited. We haven't been anywhere on a plane for over 4 years! I am trying to do our trip as thrifty as possible. We are staing at a hotel that provides breakfast, packing our lunch into the park, and only buying dinners there. I am also buying Disney items at the dollar storem and walmart to give to the kids as souviners. We are going to let them pick out 1 thing at the end of our trip. DH and I came up with a budget for the trip, and I am hoping that by doing some of these things we will come in under budget, but still have an amazing time.

[Bumstoppers]

Originally Posted by sweetgrace That fantastic! Wow, $15k will be such a relief Way to go! How come the IRS won't accept them until March?

Because of the deprecation form on my business taxes. In the same delayed class I fixation as the education one.

[EmmaGM]

Originally Posted by Bella Catalina I need to go catch up on last week's thread to see what I missed. DH has been sick all week, but thankfully the worst of it was the weekend. Other than that, his first week went pretty well. He'll be getting paid every Thursday. So this week, we'll be getting caught up on everything, and I have to double check my list of all our bill due dates and figure out how we'll split them from each check. What do you mamas budget for clothing? We have 3 boys (almost 7, 4, and 2mths). Baby seems good for clothes for the next year or two (minus shoes and swimwear), but DH, me, and DS1 definitely need new clothes. DS2 gets a lot of hand me downs, but these days, DS1 destroys clothes and there aren't many worth passing on. I try to shop sales and only occasionally find things at thrift stores or consignment. I want to get back to buying end of season/a year or two ahead for them. We live in SoCal, so no need for things like snow gear.

My DS is still a babe and we've spent maybe $50 on clothes for him in his 8 month lifetime, but we currently budget $30/mo for clothes for all three of us. We go easy on our clothes and don't wash them unless they are truly dirty.

[EmmaGM]

No mortgage payment this month but that money will be used to buy stuff we need for the house anyway, so same bottom line.

Also over on our grocery budget to pay for our super bowl party. Means we only have $45 to buy groceries next week. We should have leftovers and some frozen things. I also have some things I can make super cheap with most ingredients on hand (how about pad thai from ramen noodles?! Bonus: one package of noodles feeds both of us!).

[KiltedKingdom]

Why is it that when things finally start looking up, crap starts raining down? I had this plan all in place to get back into doing envies and DH finally realized that he needs to be making more money (he's been having a hard time with his attitude lately, he's trying to figure out how to be happy again). DS fell on the ice on Friday night and broke his arm just above the wrist. Good news is that it's just cracked, doesn't need surgery or anything, but we're looking at 8 weeks of recovery (and we can't get health insurance for him right now). I mean, it's not the end of the world, but I was finally starting to get excited about life. I know it could've been so much worse, but I still feel picked on

[deezee02]

Originally Posted by MakingHome We're just starting but actually are going to pay off a huge chunk of our one CC hopefully in this next week. I actually have a question. We have student loans in the amt of roughly $22k. But we are expecting our 6th child sometime in the next 2-3 weeks. Our current vehicle will BARELY fit us all, but if we do even a tiny grocery run, the kids' legs/feet are on the groceries, KWIM? Once our CC is paid off, we'll be waiting to get our tax return in August or September but then once we get it, I'm curious what the Dave Ramsey advice would be? Use it to buy a vehicle outright that would fit our family? Or pay off part of the student loan debt? What say you ladies?

True dr would say pay off debt then save and pay cash for new car.

[deezee02]

Originally Posted by Bumstoppers Because of the deprecation form on my business taxes. In the same delayed class I fixation as the education one.

We are right there with you! Taking all mine to my dad on the 15th...he will do the, and submit right when he can

[MakingHome]

Originally Posted by deezee02 True dr would say pay off debt then save and pay cash for new car.

Thanks for the answer. :-/ I guess true dr would go crazy fitting 8 people in a little Tahoe. LOL. Well have to think about it.

[homebirthmom]

I just started getting paid again for work. I need to remake our savings fund ($1-2K)
I paid $200 for water last month that was a week late, and I paid house taxes $1500 as well as the house insurance $350.
I still owe:
I owe $1700 on a charge due by March or I get % fee started (its at 0% now)
$200 on target charge
$7500 on my car loan ($290 due on the 28th)
car insurance due March 1st.

I just got $1000. I think its paying off the target and rest go to the high charge card.
seems just when I get caught up there is another huge bill (like house ins or car, or house taxes) I am just not catching a break. sucks. I really need a short vacation.