Hi, Shell. :wave2: I joined while you were MIA, but I wanted to say I enjoyed reading your threads while I've been nosing around. I've got my baby EF fund, and the credit cards will be paid at the end of the year (bonus), but I have some old debt I need to take care of then I will be eligible to get an FHA loan and buy a house! I went through a rough time about 4 years ago (foreclosure, car repo) but I'm finally getting back on my feet. And I've found that I need people to hold me accountable. So my challenges for this year are a bit different, but I'm sure you'll keep us on the straight and narrow. :thumb:
12-14-2007, 09:28 PM
I am in! I need this badly as I am not saving toward my new living room chair nor am I putting $$$$ in the emergency fund. Baby steps will get me moving again!
12-14-2007, 09:58 PM
I'm in. I continue to not carry a credit card debt (yeah!) but I do want to work on that EF!
12-14-2007, 11:35 PM
I'm in for both too!
12-15-2007, 07:04 AM
I need to start an emergency fund. My challenge starting Jan will be to save $100 a month.
12-15-2007, 10:17 AM
I am in for the EF challenge! EF took at hit with a $1008 car repair bill and about $1500 in unexpected medical bills.
I don't carry any credit card debt, but I do have a home equity loan that I'd like to pay down. I have finally been able to link this account to my checking account and transfer additional money each month.
12-15-2007, 12:06 PM
I'm in...we have no CC debt, but we want to go to Costa Rica in a few months. I need money for passports, airfare and while we're there. I'm trying to do this without decimating our EF, which has become a slush fund of sorts. I don't like it.
12-16-2007, 12:02 PM
Those are some great goals. There is just a couple of more weeks until Jan 1st. I suggest you start thinking and getting organized for your goals.
Do you need to open a savings account? Are you going to cut up or freeze or credit cards? What days are you going to deposit your money? The more details you have in your plan the more chances you'll have in doing it!
I already have a saving account. I will deposit my savings every mid-month paycheque. I'll pick the 17th.
I'm putting my credit cards away so I'm not tempted to use them when I am at the mall.
Have any of you seen, "'Til Debt Do Us Part?" She puts everyone on cash only and divides the money into jars. In some cases she cuts peoples spending down by 70%. Wow. What a shock that must be!
12-16-2007, 09:20 PM
Cool Link Shell! I've watched a couple of episodes so far. I am not carrying any debt, and my mortgage is paid out. I can't believe the hole people get themselves into. I can verify Gail's ideas work. I've made a few notes on my own of things I want to change. DH wants to spend all our money now, and live off our pensions in retirement. I'd like to have some fun in retirement too. I'm looking at ways to supplement income through retirement. If for no other reason than to give me something to do!
12-16-2007, 09:30 PM
I'm in for both. My goal is to pay off $19,000 in cc debt by the end of 2008.
12-16-2007, 10:17 PM
I am so in!!!!! I will list my goals after I figuar then out for sure!
12-16-2007, 11:17 PM
I'm in - $1400 cc for dog's operation and $400 for hubby's medical bills - need to be paid off in Jan (a 5 paycheck month). Also, 2008 goals of $3000 to land loan, and $6000 to savings. Sorry Dave Ramsey, but I need more to fall back on then $1000.
12-17-2007, 01:47 PM
I am in for the Challenge! I need to pay $500 a month on the last cc. This may be hard during summer when DH doesn't work much. I also will continue to add all of my 2nd job earnings to the EF. That will be $400-800 a month. If I can do this, I will have paid off the cc by Dec. '08!!! Our EF will be about $8000 then, too.
12-24-2007, 09:01 AM
OK, it's almost New Year's. I loved to hear some detailed plans on how you are going to accomplish your goals!
12-24-2007, 09:43 AM
I have got to start an EF for 2008. I got in the habit of paying with a CC instead of cash, which just compounded the problem.