02-08-2010, 04:45 PM
Join Date: Nov 2005
My Ride: reclining rear seats
| I've been meaning to pick up his Total Money Makeover. My sister and future brother in law have done one of his courses and are trying to stick to that plan. I've had a lot of conversations about it with them and I am very interested, but I can tell that I'll probably take the basics of Ramsey's approach and change it slightly if needed.
-30yr mortgage is 5.3%
-12k car loan left, trying to pay extra on that
-10% to my 401k w/6% matching by my employer
-10% contribution to employee stock purchase which gives us a 15% discount off market price - I basically use this as a savings account, but I need to diversify instead of leaving it all in those shares
-Lots of student debt, but all less than 3%
-6 month emergency fund if needed
The biggest thing for me is getting my wife on board with living well beneath our means. We do a decent job so far, but I know we can do a lot better. She calls Dave Ramsey a "life ruiner" haha....just means she can't buy everything she wants
Last edited by SLVR JDM; 02-08-2010 at 04:50 PM.