Comments on: No Credit Needed Introduces Guest Author: Big Honkin

By: No Credit Needed » Blog Archive » Guest Author Big Honkin Speaks: The Value Of Having An Emergency Fund (And The Tragedy Of Not Having One)

Fri, 20 Jul 2007 23:01:17 +0000

[...] Honkin (who recently introduced himself to readers of No Credit Needed) has written an article about the value of having and Emergency Fund. Big Honkin is a “real [...]

By: Cathy

Cathy — Thu, 28 Jun 2007 23:06:40 +0000

Congratulations! You’ve already made some huge changes and you seem to be doing so well with them.

I echo the other commenters who’ve suggested selling things. I’ve sold books, CDs and DVDs on Amazon, which can be something of a hassle in terms of packaging and mailing, but you get to set the price so depending on what you are selling you can make a pretty good amount.

Have you set long term goals? Things like saving for retirement (and eventually coming up with a specific number), buying a house, a trip to Italy, whatever your dream may be. It feels good to know that you’re working not only toward being debt-free but toward making your dreams come true also. I look forward to reading the rest of your journey as it continues. Good luck!

By: Daisy

Daisy — Thu, 28 Jun 2007 19:44:13 +0000

That’s great that you’ve taken the first steps. Making a budget is difficult, but enlightening.

At this point, if you’re intent on getting out of debt, I’d find all of the CD’s, DVD’s, and other entertainment that you don’t use in an average month and sell them. Preplayed.com buys used DVDs, CD, and video games and pay through paypal. They don’t buy everything, but you might be surprised at what they’ll give you money for. I got almost $2 for a Monster Ballads CD! I hadn’t listened to it in years.

Enjoy this time. It’s when your motivation is highest, and your budgetary honeymoon will take you farther than you think.

By: djc

djc — Thu, 28 Jun 2007 01:46:04 +0000

I can highly recommend YouNeedABudget – great software and really effective.

By: Big Honkin

Big Honkin — Wed, 27 Jun 2007 21:00:13 +0000

Thanks to everyone who has chimed in so far. Budgeteer, I would love to see an example of how you work your budget. I have a budget, but it’s just a matter of getting to a point where I actually plug things into it in the right way. As far as savings or investment cash outs go, believe me when I say I am new to the PF community and to the saving money thing. I’ve literally got nothing to show for 14 years worth of working. Thanks again everyone.