Sat Jul 12, 2014, 01:45 AMhttp://www.democraticunderground.com/10025230118
demtenjeep (22,001 posts)
who needs Dave Ramsey--- I will do it myself
who needs Dave Ramsey= I found a system
In 5 years or less all my bills including house and student loans will be GONE
then we will take out an equity loan in our home and completely remodel our home to perfection.
we paid off a couple of bills and quit our tobacco use leaves us with about 500 extra SO
we figured out which bills would pay off quick with the normal payment of say 100 +500 so you pay 600 till that one is done, then find the next bill. take the payment then add the 600 and pay that one off and so on till it is all gone. The beauty of it is that if something comes up, you can take the "rollup" and use it In an emergency then then next month get back on it.
doing this takes the bills from 22 years to 5. or less. Could be almost 6-12 months earlier because you will still be paying on your other bills as well so they will actually be less by the time the roll up gets to them. (DO NOT incur new debt while doing this)
In 5 years I can get a new Jeep (ours is paid for and only 2010 model) and remodel my house like I really want~!
I'm excited.
Before we start the pay off, we will use the first month roll up to by household goods for the first four months to ease the grocery/household budget.
Here we go~
Sat Jul 12, 2014, 02:00 AM
demtenjeep (22,003 posts)
3. doing it only on my income 65,000.00 year
hubby is in the 100,000.00 level but he is doing his own thing. He maintains the utilities, insurance, jeep upkeep and all the variables he has three credit cards of his own he is taking care of.
this plan is all on me!
I am excited!!!
More from Pam:QuoteSat Jul 12, 2014, 02:00 AM
demtenjeep (22,003 posts)
3. doing it only on my income 65,000.00 year
hubby is in the 100,000.00 level but he is doing his own thing. He maintains the utilities, insurance, jeep upkeep and all the variables he has three credit cards of his own he is taking care of.
this plan is all on me!
I am excited!!!
so how is this system different than the Dave Ramsey Debt Snowball?
This primitive is clearly in the top 1% at the island and needs to spread the wealth around.
Sat Jul 12, 2014, 01:45 AM
demtenjeep (22,001 posts)
Before we start the pay off, we will use the first month roll up to by household goods for the first four months to ease the grocery/household budget.
Here we go~
They make a combined $165,000.00+ a year and they have debt problems??????????????????????
They make a combined $165,000.00+ a year and they have debt problems?????????????????????? :hammer: :hammer: :hammer:
Why do they have any debt at all with incomes at that level? It's not like she lives in Manhattan or anything. At $165K, they should be debt free AND living in clover. Of course, she's lying.
In 5 years or less all my bills including house and student loans will be GONE
Surely her education didn't require 25 years to finance.
There must be 2 threads with this same exact subject. I must have replied to the other, before this. Or, I'm having deja vu...in advance.
They make a combined $165,000.00+ a year and they have debt problems?????????????????????? :hammer: :hammer: :hammer:
Note the Coach bag.
I had no idea franksolich designed purses.
He really is everywhere!
And the famous cat & handgun photo. She posted this picture in tribute to her dead/dying cat Spooky - but that wasn't the real intent at all.(http://i883.photobucket.com/albums/ac32/gobucksnumbers/DUmmies/spookyownsaglock.jpg)
^Look behind you.