That Dave Ramsey guy I like to watch on TV often tells people they have to have “gazelle intensity” to get out of debt. Well since November, I think I have been as focused as a gazelle running from a cheetah. I schedule my online payments very early (usually) and I keep a spreadsheet showing [...]
I finally have an emergency fund of one thousand dollars set aside in a savings account. If you follow the advice of some financial gurus like Dave Ramsey, they often list the emergency fund as the first step to getting out of debt. It does make sense that if you have the emergency fund ready, [...]
(Revised 1/18/09)
This is my second attempt at the debt snowball. After posting the first one, I realized I left off a couple accounts by accident and I left the car loan off deliberately, since I was originally only going to focus on credit card debt. I also left off my wife’s medical bill and my [...]
Things were looking so bad a few weeks ago that I started wondering if it was bad enough to start thinking about bankruptcy. Although I don’t know a lot about bankruptcy, I did take a couple Business Law classes in college, so I know a little about it and figured I’d NEVER even consider it, [...]
