Dh got word about his raise finally.

**Cricketlegs** · 10-01-2008, 06:36 PM

Okay so there is some disappointment but we can work with this..now what can you pay with $93???

Do a debt snowball and see what an additional $93 does to the bottom number.

Try-whatsthecost.com or something like that....I started using an new net and can't drag links anymore lol!

**missmanny** · 10-02-2008, 04:08 AM

make sure that you make the most of it no matter how much DH gets, every penny counts!

**HisDaisy** · 10-02-2008, 09:01 AM

I hate to say it, but that sounds really good to me. At my DH's company you are lucky to get a raise at all and if you do it is only about 1%. They do not get cost of living raises and most of the employees are making what you make each pay period in a month. They are also put in hours of overtime with no compensation.
My DH works nearly 60 hours a week and brings home about $1200 a month. You got to love the newspaper business.
This why we are moving, my DH got a chance to make about $10,000 more a year and become editor of a paper. It is worth the move.

**Greebo** · 10-02-2008, 09:21 AM

Not knowing the particulars from memory of your situation, here are some general numbers to make you feel better about $93/month.

$93.00 per month invested at 6% interest for 10 years: $11,160 in, $15,240.78 out, $4,080.78 gained.

**HappyMama** · 10-02-2008, 11:22 AM

Originally Posted by Greebo

Not knowing the particulars from memory of your situation, here are some general numbers to make you feel better about $93/month.

$93.00 per month invested at 6% interest for 10 years: $11,160 in, $15,240.78 out, $4,080.78 gained.

That is so true!! Great point. Make it all count.

**MomToTwoBoys** · 10-02-2008, 12:36 PM

Originally Posted by Greebo

Not knowing the particulars from memory of your situation, here are some general numbers to make you feel better about $93/month.

$93.00 per month invested at 6% interest for 10 years: $11,160 in, $15,240.78 out, $4,080.78 gained.

Oh man, that would be so awesome!

I know it's better than alot of people get, and believe me I am very grateful for the raise. We just looked at it in terms of inflation being 3.1% here and the tax that'll get taken out of it. DH loves the company that he's with and there's total job security compared to other warehouses. He could be getting paid $23 or more an hour, but stays with the place he's in now because they're a great group of people.

I can put that $93 into savings or put it towards the debt snowball. We're back to having over $1k in the EF after some removal but it would always be nice to have more.

**Greebo** · 10-02-2008, 12:39 PM

I say snowball it. The $93/mo alone would pay your Best Buy card in 3 months. Added to your existing snowball...
... why do you still even have a BB CC bill on there? How out of date is your siggy?

**MomToTwoBoys** · 10-02-2008, 05:08 PM

I actually just updated it today.

The amt on the BB card is being paid off next payday. The three-month interest free option expires on that amount on October 22nd and DH gets paid on the 16th. I've been tempted to just pull cash out of the EF and put it towards that debt, but bad girl me knows something will end up happening and we'll actually need the EF.

**Greebo** · 10-03-2008, 06:16 AM

Originally Posted by MomToTwoBoys

I actually just updated it today.

The amt on the BB card is being paid off next payday. The three-month interest free option expires on that amount on October 22nd and DH gets paid on the 16th. I've been tempted to just pull cash out of the EF and put it towards that debt, but bad girl me knows something will end up happening and we'll actually need the EF.

CORRECT!

Remove the EF and you will end up going right back into debt. DO NOT TOUCH THE EF OR GREEBO WILL SMACK YOUR FINGERS WITH A RULER!!! THE SHARP EDGE!

There, problem solved.

**Cricketlegs** · 10-03-2008, 10:22 AM

I know it is hard to sit on the EF when there are bills that can be eliminated with it but don't do it!

EF is for Emergency to stop cc usage etc not for debt payoff!

You have a plan, whatever happens stick to the plan and don't get let that card not be paid! That would be an emergency as they tack interest to the whole debt and not just payoff right?

That would be the ONLY way I would use my EF--if I just 100% counld NOT get it paid with dhs check by the date interest kicked in.

Good luck!

**mom2three** · 10-05-2008, 10:24 PM

Congrats on the raise! 3.5% sounds pretty good to me.

**MomToTwoBoys** · 10-06-2008, 06:09 PM

Originally Posted by Greebo

CORRECT!

Remove the EF and you will end up going right back into debt. DO NOT TOUCH THE EF OR GREEBO WILL SMACK YOUR FINGERS WITH A RULER!!! THE SHARP EDGE!

There, problem solved.

Omg, that sent me back to the third grade. We had this teacher who hung a paddle from the upper right hand corner of her blackboard.

I won't touch the EF. I promise.

**MomToTwoBoys** · 10-06-2008, 06:12 PM

Originally Posted by Cricketlegs

I know it is hard to sit on the EF when there are bills that can be eliminated with it but don't do it!

EF is for Emergency to stop cc usage etc not for debt payoff!

You have a plan, whatever happens stick to the plan and don't get let that card not be paid! That would be an emergency as they tack interest to the whole debt and not just payoff right?

That would be the ONLY way I would use my EF--if I just 100% counld NOT get it paid with dhs check by the date interest kicked in.

Good luck!

Yeah we're doing ok with getting that last payment in before the three-month grace period ends on Oct 22nd. It'll feel so good when we can get almost $900 paid off in three months because we disciplined ourselves to do it.