tag:blogger.com,1999:blog-5845574752812091685.post5929303699778527025..comments2024-01-07T03:29:03.439-05:00Comments on Like a warm cup of coffee: Wisdom & Treasure Series - DebtSarah Maehttp://www.blogger.com/profile/15079648125245754566noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5845574752812091685.post-77020019993475875572008-10-15T10:20:00.000-04:002008-10-15T10:20:00.000-04:00my husband and i both had student loans coming int...my husband and i both had student loans coming into marriage and two car loans. we used larry burkett and had a decent budget, but we still had debt. our church went through dave's ramseys program (we didn't though since we had a good budget) but then my husband read through the book and noticed a few key differences. getting rid of the debt became more important. when my husband decided to put our kids' saving towards debt, it hurt, but he kindly explained that if he lost a job and we had debt that money would be gone in a heartbeat. so we put everything we could towards debt. thankfully the lord gave us a HUGE boost with my husband's old job situation (severence pay and such) and we now only have our mortgage. sometimes i forget we own our van and then i remember and i feel free all over again!The Peacock Pearlhttps://www.blogger.com/profile/03344647203957968411noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-55242139342533101812008-10-14T20:52:00.000-04:002008-10-14T20:52:00.000-04:00Great series. We have both taken the crown financi...Great series. We have both taken the crown financial and being out of debt is a reward in itself. JackieEmpty Nest Full Lifehttps://www.blogger.com/profile/01614775825338921445noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-41195622698368797812008-10-14T17:28:00.000-04:002008-10-14T17:28:00.000-04:00I also joined our marriage with a little debt. We...I also joined our marriage with a little debt. We used all (gulp) of our wedding money to pay off the credit cards. After that, we did the "debt snowball" as Dave Ramsey calls it, paying off our smallest debt and then rolling that money over to the next debt. It took less than 2 years to pay off credit cards, 2 cars, and our 2nd mortgage!!! It's amazing, and although I wasn't thrilled with the arrangement, I am so thankful that the Lord blessed me with a man who knows how to handle our money! Opposites do attract!Lisahttps://www.blogger.com/profile/02116882602310083506noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-44056400745701121002008-10-14T16:14:00.000-04:002008-10-14T16:14:00.000-04:00Great post! When we got married, I had $30K in cc...Great post! When we got married, I had $30K in cc debt. It took two years of diligently paying it off, then we were debt free (except for our house) for almost 7 years. Unfortunately, we tried letting me have a cc again about 3 years ago and learned I just can't handle it. So, by next summer, we will once again be debt free. And, since I no longer use cc, and it's cash only over here, we won't be making that mistake again. It feels good to be that close!MamaHen Emhttps://www.blogger.com/profile/13867805112014340425noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-44968291372823137582008-10-14T11:58:00.000-04:002008-10-14T11:58:00.000-04:00I love the name, by the way - perfect!All great ad...I love the name, by the way - perfect!<BR/><BR/>All great advice! We no longer carry credit card balances. We have 1 main card that we use when we need to and then pay it off at the end of the month. But it was not always that way - due to past home sale profits, we were able to pay off credit card debts and vehicles.<BR/><BR/>The next one to get rid of is our student loan. As far as mortgage, we do pay extra every month now. It will be nice to see down the road the difference it makes!Anonymoushttps://www.blogger.com/profile/06958936771590770427noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-72416381351848151992008-10-14T11:39:00.000-04:002008-10-14T11:39:00.000-04:00You are doing such a good job with this series. I...You are doing such a good job with this series. I'm older than you <BR/>(45) so I will tell you that your decisions are good ones and will definitely be worth the effort!<BR/><BR/>When I was 27 or 28 my hubby wanted to put more in retirement and I thought he was crazy! We had a baby and were barely making it. This year he turned 50. When you turn 50 you can put in an extra $5,0000.00 in your 401K before taxes. When he said we were going to do that I cringed. However, since it happens before taxes we really don't notice.<BR/><BR/>Take advantage of all those little opportunities.Staceyhttps://www.blogger.com/profile/05728612514516285320noreply@blogger.comtag:blogger.com,1999:blog-5845574752812091685.post-67226348724861440652008-10-14T07:01:00.000-04:002008-10-14T07:01:00.000-04:00We refinanced when the interested rates went way d...We refinanced when the interested rates went way down a few years ago and by doing that we slashed $100,000 off of our total payout. We took a 15 year loan instead of a 30 and only had to pay an extra $90.00 a month. It was the smartest thing we ever did.<BR/>Great post Sarah!<BR/>Blessings to you.<BR/>KimKim @ Homesteader's Hearthttps://www.blogger.com/profile/03787975654863452911noreply@blogger.com