New Approach to $ in 2012

[*pixie*]

With the help of a huge bonus (to me, after the recent bonus thread, obviously you folks would laugh at what I call huge...)

I tried searching for this thread, but couldn't find it. It's always interesting to see people's different perceptions of what is "huge" financially!

 

[Scraggy]

We are going to be trying to save at least 50% of our gross income each month.
My husband was diagnosed with parkinsons disease the Monday after Thanksgiving. He's working full time at a great job but it really has me nervous about the future.
We paid off our mortgage. We paid off our vehicles. All we have a my student loan and regular bills (which keep going up).

Save. Save. Save. I hope we can do it. We're starting in 2 weeks.

 

[Jax1023]

I've read TMM and I think the basic concepts are good, but I disagree with not using or having credit at all. I mean, sometimes you need credit for an emergency. Not like an I can't affod it emergency, but like an I can't currently access the amount of cash I need emergency.

For example, my dgo ruptured a disc in her back, and we wound up at the vet ER at 2am, Cost of surgery $3000 must be paid before they will do anything. I don't carry 3k in cash on me, the bank isn't open at 2 am, and I don't keep that quantity of cash in checking, so my debit card is out. I put it on my credit card. Paid it off when the bill came, and I had taken the money out of savings, but things come up where you need to pay and can't access the quanity of cash you need immediatly. Just something to think about.

 

[LBKB]

Interesting thread Also look forward to seeing new thread started at new year. Keep up the good work everyone.

 

[StitchesGr8Fan]

Im hoping the book tells me how to set up a really detailed budget.

 

[Riles_and_Gabe]

I also want to try TMM. I am so tired of living paycheck to paycheck and I am constantly in fear of the next emergency. I need to get serious about a budget this year.

 

[lillygator]

we too plan to save more aggressive in 2012, good luck to all!

 

[iluvmickey2008]

My husband was out of work for 2 years and in 2011 finally found a job, so 2011 was all about catching up.

I love Dave Ramsey and his plan has worked in the past.

2012 I'm going to quit eating out so much (take lunch to work), add to our emergency fund (we had so many unexpected medical bills come up); and I was planning to start saving for a Disney Trip in 2012 for a trip in 2013, but might put the trip off until 2014 (so far away!!) as my boys are still little and wild..., but might start saving for it anyway, more money for an even more awesome trip!