Debt Dumpers - 2013

[aclov]

Originally Posted by disneycrazi

What IS going on with the dang air fair prices....we are booked for October and may bite the bullet and drive because the flights are not dropping at ALL. I live in Indy and usually use Air Tran. Every other time we have snagged cheap flights but now NOTHING.....really irritated!

Gas is so high right now! So that affects the cost of flights as well. It's ridiculous, I imagine people rethinking their vacation plans.

[danielle79]

Originally Posted by aclov

Gas is so high right now! So that affects the cost of flights as well. It's ridiculous, I imagine people rethinking their vacation plans.

My mother-in-law just flew to Florida about a month ago and told me the price of her ticket ( I don't recall how much $) and I was floored at how expensive it was and not even a direct flight! Then she told me that about half of the plane was empty, she took the first flight out in the morning around 6a.m. I just don't understand, wouldn't the airplane companies want to fill their planes and offer a little discount and make it more affordable.

[gracie1]

Originally Posted by danielle79

My mother-in-law just flew to Florida about a month ago and told me the price of her ticket ( I don't recall how much $) and I was floored at how expensive it was and not even a direct flight! Then she told me that about half of the plane was empty, she took the first flight out in the morning around 6a.m. I just don't understand, wouldn't the airplane companies want to fill their planes and offer a little discount and make it more affordable.

Exactly!! I am hoping that there are enough people rethinking vaca plans that they end up dropping the $ of airfare. So far the week I have chosen is not going to happen with the price. I will go somewhere else to see Christmas decorations

How is everyone doing this week?? So far everyone seems to be doing such a great job!!
Danielle, when do you start your new job?

[milwaukeemommy]

Originally Posted by aclov

What I decided to do and did a few years back is get a 401k loan to pay off my cc's about 4k. Some may consider this not a smart move but at 4.25% and paying myself back thru payroll deduction is better for me. The key is not charging back up or paying it off right away!

I totally wanted to do this - we couldn't pay off ALL our debt doing this but a good sum - but dh said NO & since it's his 401k, I couldn't argue

There are so many arguments about whether it's right or wrong to do this -- but I'm with you - CC interest rates are so high. I do understand dh's side though - he is a welder & there is always the chance he could get laid off - then we'd have to pay it back in 60 days.

[PrincessKymm]

So I'm back on track after being derailed for a bit. I've got my $1k emergency fund, I've started a "doctor fund" for my new health insurance plan, and I've just paid off 25% of my smallest credit card. I'm also working on paying off 2 particular doctor bills since we need to see these doctors soon so it's not quite as easy to snowball these bills. I should have both credit cards and both doctors paid off by the end of August. I've never had a plan that would work before. I believe the emergency fund is what is making the difference. It doesn't help me sleep at night but it sure does motivate me!

[Doodlebug939]

Originally Posted by PrincessKymm

So I'm back on track after being derailed for a bit. I've got my $1k emergency fund, I've started a "doctor fund" for my new health insurance plan, and I've just paid off 25% of my smallest credit card. I'm also working on paying off 2 particular doctor bills since we need to see these doctors soon so it's not quite as easy to snowball these bills. I should have both credit cards and both doctors paid off by the end of August. I've never had a plan that would work before. I believe the emergency fund is what is making the difference. It doesn't help me sleep at night but it sure does motivate me!

You are off to a great start. The emergency fund is working really well for me too. I have found that when "unexpected" things come up I have to make do without using it and that they were not as unexpected as I thought just poor planning on my part. So I am writing them down as it happens (which is less often now) so that in the next year I will be ready.

I like how you stated that you paid of 25% of your smallest card. It doesnt matter how much or little that amount is in reality but to see 25% means you are 1/4 of the way done and that sounds good in any language.

Have a great day!

[danielle79]

Originally Posted by gracie1

Exactly!! I am hoping that there are enough people rethinking vaca plans that they end up dropping the $ of airfare. So far the week I have chosen is not going to happen with the price. I will go somewhere else to see Christmas decorations

How is everyone doing this week?? So far everyone seems to be doing such a great job!!
Danielle, when do you start your new job?

June 3rd is the official first day of training, I need to go out of town for a week of training, which is a bit nerve wracking! I have never been away from my kids for that long. I hope that airfare prices go down, it seems no one wants to fly because of the prices!

[jenny105]

Originally Posted by danielle79

Thank you so much Jenny105 and Gracie1! I am so excited to start something new that could potentially make us some big Disney spending$$$$! And isn't that why we all work!!!! I feel like our debt could be done by middle of next year except for a car payment that is looming in the , I have no payment now but I have a 11 year old van with 155k miles on it and the body is rusting pretty bad due to all the salt in the winter around here. Still runs good but getting older and uglier everyday!

My car is 11 years old too but it's in pretty good condition (knock on wood). I'm lucky because my boyfriend is a mechanic But I'm dealing with rust issues too!

[kate_wdw]

Originally Posted by BernardandMissBianca

I used Gail Vazoxlade's own up to your debt spreadsheet to figure out how to pay each card off.

http://www.gailvazoxlade.com/resourc...worksheet.html

What a great link! Thank you!

[dreamin_disney]

I dont work in the summer so I will save almost $500 in gas. Dh still works and dd and I stay home so we just stay close to home to save $$ plus we dont like the heat-lol! My bills will be paid off by mid June or the end of June. Luckily I had money taken out of my paychecks for the summer months .

I'm going to focus on decluttering the home and making $$ on craigs list. Not sure if the CL $$ will go to xmas fund or the saving plan that was posted on this form resulting in about $1300 at the end of the year.

In August my Flex account starts so that $$ will go toward emergency account.

[reginaastralis]

I hope you don't mind if I join, but I currently don't have any debt. Well, in repayment. DF and I are both in school full time, so we're racking up some significant debt. I'm currently making a plan on what I'd like to save, and maybe make payments toward our loans that are gathering interest. Also, we're planning a wedding and planning on having a baby soon, so I'd like to make a savings plan for both of these. I figure if I start saving now, I won't have to "dump the debt" later.

Thanks for the inspiration! I'm currently on page 16 and it's making wish I had started 5 months ago.

[blessedby3]

Originally Posted by reginaastralis

I hope you don't mind if I join, but I currently don't have any debt. Well, in repayment. DF and I are both in school full time, so we're racking up some significant debt. I'm currently making a plan on what I'd like to save, and maybe make payments toward our loans that are gathering interest. Also, we're planning a wedding and planning on having a baby soon, so I'd like to make a savings plan for both of these. I figure if I start saving now, I won't have to "dump the debt" later.

Thanks for the inspiration! I'm currently on page 16 and it's making wish I had started 5 months ago.

Its good if you can be paying on the school loans now. My dd23 graduated from a 4 yr private University last May and her school loan payments are $310 a month for 10 years! They are just so thankful that her DH doesnt have any loans....Grandparents paid for his schooling If he had a school loan, that would be like having 2 car payments for 10 years Its bad enough having the one.

[gracie1]

Originally Posted by reginaastralis

I hope you don't mind if I join, but I currently don't have any debt. Well, in repayment. DF and I are both in school full time, so we're racking up some significant debt. I'm currently making a plan on what I'd like to save, and maybe make payments toward our loans that are gathering interest. Also, we're planning a wedding and planning on having a baby soon, so I'd like to make a savings plan for both of these. I figure if I start saving now, I won't have to "dump the debt" later.

Thanks for the inspiration! I'm currently on page 16 and it's making wish I had started 5 months ago.

Sounds like you are very smart and being proactive with trying to pay your loans and prepare for the wedding and baby!! Welcome to the thread!!