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If it were just me, no, I don't even have a budget now. But if I get married someday, I'd like to use the envelope system, so that my wife and I would be on the same page.

I thought you needed 1 envelope for every category in the budget? How do you relate the envelopes to the total budget (which gives every dollar a name, i.e. no balance left over at the end of the month). Here's roughly what I was thinking: food clothing general savings christmas...

Do you have a blue muffler? I may be intersted in one.

Who uses the envelope system? How many envelopes do you use? I tried to explain it to my gf tonight, and she seemed to not like the idea of having 'a million' envelopes.

Try fogging oil.

I don't believe I'm diversified across the 4 categories that Dave always mentions. I'll have to look in it more... I don't have much invested yet.

It's definitely not, but for money that will be used within 4 years, bank account (or money market account) is the way to go. I'll probably buy a house next year. For retirement, I do what Dave Ramsey recomends and put 15% into mutual funds. I max out my company's 401K match, then I fund a...

I have all my cash in a bank... saving up to buy a house.

How about better yet... get debt free so you can start investing, and make 12% on that money instead of a crappy 3.6%!

My gf does the same thing, keeps a student loan because her bank pays higher interest. Also she likes having the cash available "if she needs it". Here's how I see it... it's easier to spend money when one has 10 grand in the bank and a small student loan payment, versus no money in the bank...

That would be awesome but I have to get back to town to sell my POS 650SX on Saturday... I'm meeting a guy in Chicago.

P.S. I know a few people who have tried a "modified Dave Ramsey" plan, and they are still in debt. While those who followed the plan more closely (Me, Jett, Freestylegeek for examples) are now debt free.

I can't recall many callers with lower student loans than credit card debt. In this specific case, I don't know what Dave would say, but he always says it's okay move cc debt to a lower interest card. It probably wouldn't take much to find a lower interest card. Many callers with that...

The idea is to build momentum. Pay of the smallest debt because to have one less monkey off your back will feel good and it'll excite you to pay the next one off. It works! If it didn't work, Dave wouldn't recommend it! He says most people become debt free in something like 12-18 months...

He will 100% say save up and pay cash for it. The only times he says to borrow money is 1) on a fixed rate 15 year mortgage when you are debt free. 2) To borrow money to sell a car car you can't afford if you are upside down on it.

Just follow the baby steps in order. When you have more money than Dave Ramsey, then you can make up your own baby step program! Here's why a $1,000 emergency fund while paying off debt works - because worst case, you just go back into debt! Duh! You have nothing to gain by keeping debt...

It probably reduces the lift in the back by a bit, and helps it to turn. Just my guess.

I live with my Parents... I could retire right now if I wanted to :beerchug: But I don't think Dave Ramsey would approve of my situation.

As of 10:45am today I'M DEBT FREE!!!!!!! FREEDOM!!!!!!!!!!!! Dang I wish I could type in larger font.

I heard Jeff talking once about how much he liked the shapes of the SX-R.