Comments on: Day 32 of 33 Days And 33 Ways To Save Money And Reduce Debt: Decide Which Debt To Attack First http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Erica http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-149248 Erica Tue, 03 Mar 2009 15:06:45 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-149248 J If your spouse is sabataging your attemps to get out of debt, short of divorce, you need to take control of the finances. J
If your spouse is sabataging your attemps to get out of debt, short of divorce, you need to take control of the finances.

]]> By: 33 Days And 33 Ways To Save Money And Reduce Debt http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-116192 33 Days And 33 Ways To Save Money And Reduce Debt Thu, 19 Jun 2008 12:19:38 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-116192 [...] Day 32 of 33 Days And 33 Ways To Save Money And Reduce Debt: Decide Which Debt To Attack First [...] [...] Day 32 of 33 Days And 33 Ways To Save Money And Reduce Debt: Decide Which Debt To Attack First [...]

]]> By: Creditcardreviews http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-81462 Creditcardreviews Fri, 01 Feb 2008 18:03:38 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-81462 I picked the pay the one off with the lowest balance. It worked great for me. I picked the pay the one off with the lowest balance.
It worked great for me.

]]> By: We’re Interest Order - How About You? | I've Paid For This Twice Already... http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-77282 We’re Interest Order - How About You? | I've Paid For This Twice Already... Fri, 25 Jan 2008 10:01:24 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-77282 [...] says one thing, your heart says another, and your gut might even pipe up with a third opinion. On Day 32 of 33 Ways and 33 days to Reduce Debt and Increase Savings, NCN at No Credit Needed says to decide which debt to attack first, and outlines the three common [...] [...] says one thing, your heart says another, and your gut might even pipe up with a third opinion. On Day 32 of 33 Ways and 33 days to Reduce Debt and Increase Savings, NCN at No Credit Needed says to decide which debt to attack first, and outlines the three common [...]

]]> By: Stngy1 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75951 Stngy1 Tue, 22 Jan 2008 02:00:15 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75951 THANKS!!! THANKS!!!

]]> By: NCN http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75917 NCN Tue, 22 Jan 2008 00:35:33 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75917 Stngy1... When I was getting out of debt, I simply maintained a $1000 emergency fund - and I budgeted (by dividing by 12) for annual expenses. As for future unplanned for expenses - like car maintenance, I simply included that in my budget. That being said, I didn't overdue it. In other words, I erred on the side of debt reduction (and hoped that maintenance needs would be minimal. Beyond the most basic budget items, I put every extra dollar towards debt reduction, but I was very, very intense and focused. So, to recap... In the budget - gas, oil change, tire rotations... Emergecny fund - new tire, insurance deductible I think that it is important to think about the details, but I don't think it's possible to fine-tune our budgets enough to cover 'every eventuality'. Budget for gas and oil, have a decent emergency fund, and then snowball away! Stngy1…
When I was getting out of debt, I simply maintained a $1000 emergency fund – and I budgeted (by dividing by 12) for annual expenses. As for future unplanned for expenses – like car maintenance, I simply included that in my budget. That being said, I didn’t overdue it. In other words, I erred on the side of debt reduction (and hoped that maintenance needs would be minimal. Beyond the most basic budget items, I put every extra dollar towards debt reduction, but I was very, very intense and focused.

So, to recap…

In the budget – gas, oil change, tire rotations…
Emergecny fund – new tire, insurance deductible

I think that it is important to think about the details, but I don’t think it’s possible to fine-tune our budgets enough to cover ‘every eventuality’. Budget for gas and oil, have a decent emergency fund, and then snowball away!

]]> By: Stngy1 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75907 Stngy1 Tue, 22 Jan 2008 00:10:43 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75907 To clarify: There are always predictable, but irregular expenses which lots of folks budget/save up money for every month. An obvious example would be saving up for property taxes if you own a house. Less obvious is setting aside a budgeted amount for, say, future car maintainance. The question becomes do you pump up this aspect of your savings first or snowball debt. One example: suppose you serendipitously get a $100 check. Does it go towards building up my car maintainance fund, or does it get snowflaked to debt? (Of course, Murphy guarantees that if I haven't funded my car maintainance account, the car will break.) There are other even more predictable expenses such as insurance, gifting, etc. which I could not pay up front without having saved for. Do I fund (save up for) all these anticipated expenses before using any $ for snowballing? Hopfully this makes sense..... To clarify:
There are always predictable, but irregular expenses which lots of folks budget/save up money for every month. An obvious example would be saving up for property taxes if you own a house. Less obvious is setting aside a budgeted amount for, say, future car maintainance. The question becomes do you pump up this aspect of your savings first or snowball debt.
One example: suppose you serendipitously get a $100 check. Does it go towards building up my car maintainance fund, or does it get snowflaked to debt? (Of course, Murphy guarantees that if I haven’t funded my car maintainance account, the car will break.)
There are other even more predictable expenses such as insurance, gifting, etc. which I could not pay up front without having saved for. Do I fund (save up for) all these anticipated expenses before using any $ for snowballing?
Hopfully this makes sense…..

]]> By: NCN http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75897 NCN Mon, 21 Jan 2008 23:41:58 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75897 Sting1... I'm not sure what you are asking.. Sting1…
I’m not sure what you are asking..

]]> By: Stngy1 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75882 Stngy1 Mon, 21 Jan 2008 22:26:17 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75882 I've asked this elsewhere, but will pose here: Do you [anyone?] consider money set aside for irregular expenses as fixed in stone as, say, rent, which should be taken care of BEFORE snowballing? Can't decide myself! I’ve asked this elsewhere, but will pose here: Do you [anyone?] consider money set aside for irregular expenses as fixed in stone as, say, rent, which should be taken care of BEFORE snowballing? Can’t decide myself!

]]> By: NCN http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/comment-page-1/#comment-75845 NCN Mon, 21 Jan 2008 20:23:40 +0000 http://www.ncnblog.com/2008/01/21/day-32-of-33-days-and-33-ways-to-save-money-and-reduce-debt-decide-which-debt-to-attack-first/#comment-75845 J. Are you using a written budget? Have you stopped using credit cards? Are your kids 'on board' with saving money? NCN J.
Are you using a written budget? Have you stopped using credit cards? Are your kids ‘on board’ with saving money? NCN

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