Monday, January 19, 2009

LOL!  I can laugh and I also relate as I opted to try out Dave's debt free ideas on mortgage pay offs.  I've definitely had some anxiety over it as well.  Will I be able to afford to do this?  Will I be broke in a month unexpectedly?  The answers lie within the realm of a reality I am not as familiar with, but luckily I have my trusty broker to help me along with understanding it all.  Thank goodness for Carl or I'd be lost and have no clue how to explain it at the book club meeting either.

Dave's Envelope Method: Day 19

So as some of you may know I opted to try Dave's Envelope method for this year. I started out with a bang, being very diligent. Apparently, a little too diligent, since the whole envelope method played a dramatic role in my dreams last night.

I was in the check out line at the grocery store. I had my list, my coupons and my Grocery Envelope. As I had placed each item in the shopping cart, I made a mental list of the running cost. I was very excited, according to my brain I had spent around $90 in groceries. As the cashier is checking me out, I see the number on the screen going up, up, up and up. I get all nervous and start looking at my other envelopes. The final bill is $222. I yell at the lady, how can that be, my envelope only has $98 in it!! That can't be right. And she looks at me and says: I guess you will need more envelopes to pay for your groceries.

I awaken shortly after that dream thinking that Dave needs to talk to that check out lady, because when the money is gone, it's gone.

Wednesday, January 7, 2009

After finishing the book I am interested in Dave's method on becoming completely debt free.  The only debt I have is my mortgage, well two of them, but I hope to sell my rented condo soon.  So I plan to follow his ideas on paying off my latest mortgage as something new to try.  I won't have anything to show for this at the book club meeting so I wanted to inform!

Monday, January 5, 2009

Dave Ramsey's Envelope Method

I have added the link to his envelope method in the title. I heard about this many years ago and found it fascinating! I did this method prior to moving to Atlanta, and it worked!! And then somewhere along the way, I forgot the rules and got slack. I have decided to go with this idea as a start for my economic bailout plan. It's super simple and just as it says: Envelope Method.

Although you do have to get over the fact that in our "Swipe and Go" economy that paying with cash is almost Taboo. I have noticed that if you pay with cash or heaven forbid write a check, people sometimes look at you funny. It's the expression you would give someone you thought had the cooties or coughed on you. Plus to pay with cash takes more effort, you have to think about each purchase and count out each dollar, dime and penny. And I don't know about you, but when I have the green, I hate to part with it!