Comments on: cents and sensibility http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/ Huh? Mon, 06 Sep 2010 23:43:47 +0000 http://wordpress.org/?v=2.3.3 By: Lowest Auto Insurance Rates http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2509 Lowest Auto Insurance Rates Fri, 12 Oct 2007 11:09:50 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2509 Hello, Very nice place you have here. You’ve done a good job & awesome blog on cents and sensibility! <a>lowest auto insurance rates</a> Hello, Very nice place you have here. You’ve done a good job & awesome blog on cents and sensibility! lowest auto insurance rates

]]> By: Seeking to Understand » Blog Archive » Feel the burn! http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2399 Seeking to Understand » Blog Archive » Feel the burn! Thu, 30 Aug 2007 03:32:29 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2399 [...] and I have been on the Dave Ramsey plan for about five months and it has been great. We’ve had a lot of financial pains and some expenses of our own doing [...] […] and I have been on the Dave Ramsey plan for about five months and it has been great. We’ve had a lot of financial pains and some expenses of our own doing […]

]]> By: Daniel http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2372 Daniel Tue, 14 Aug 2007 04:05:47 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-2372 I couldn't understand some parts of this article cents and sensibility, but I guess I just need to check some more resources regarding this, because it sounds interesting. I couldn’t understand some parts of this article cents and sensibility, but I guess I just need to check some more resources regarding this, because it sounds interesting.

]]> By: Sean http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-528 Sean Wed, 11 Apr 2007 21:18:14 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-528 @Bill: Thanks, Bill! @Bill: Thanks, Bill!

]]> By: Bill Seaver http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-527 Bill Seaver Wed, 11 Apr 2007 21:16:37 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-527 Sean, It's a great plan. Got my wife and me out of debt several years ago. Stay with it! Sean,
It’s a great plan. Got my wife and me out of debt several years ago. Stay with it!

]]> By: Common sense isn't so common « Pour Out http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-526 Common sense isn't so common « Pour Out Wed, 11 Apr 2007 16:04:52 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-526 [...] I like to peek in on what people are saying about my boss from time to time. Tonight I ran across a blog post written by Sean, a guy who has just recently been introduced to Dave and The Total Money [...] […] I like to peek in on what people are saying about my boss from time to time. Tonight I ran across a blog post written by Sean, a guy who has just recently been introduced to Dave and The Total Money […]

]]> By: Sean http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-495 Sean Wed, 11 Apr 2007 03:10:41 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-495 @Chris: I look forward to seeing it. :) Unfortunately we discovered Dave well after certain decisions about buying a house and such had already been made, so from an idealistic point of view we're not quite able to adhere to the proper order of things. (Like getting out of debt *before* buying a house.) As far as I can tell, the math of our adapted plan (as described in response to Jerry) works out pretty well, though - and we're committed to the budget and debt-elimination ideals that are at the core of his message. I wish we'd have been introduced to him a bit sooner, but I'm honestly not sure we would have been ready to hear the advice at the time. When you get down to it, the timing of our discovery of his show/books came at a nearly perfect moment in our lives due to some financial circumstances that cropped up out of the blue (and have since been dealt with) which served as an excellent motivator. @Chris: I look forward to seeing it. :) Unfortunately we discovered Dave well after certain decisions about buying a house and such had already been made, so from an idealistic point of view we’re not quite able to adhere to the proper order of things. (Like getting out of debt *before* buying a house.) As far as I can tell, the math of our adapted plan (as described in response to Jerry) works out pretty well, though - and we’re committed to the budget and debt-elimination ideals that are at the core of his message. I wish we’d have been introduced to him a bit sooner, but I’m honestly not sure we would have been ready to hear the advice at the time. When you get down to it, the timing of our discovery of his show/books came at a nearly perfect moment in our lives due to some financial circumstances that cropped up out of the blue (and have since been dealt with) which served as an excellent motivator.

]]> By: Sean http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-494 Sean Wed, 11 Apr 2007 02:40:56 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-494 @Jerry: We really wanted to get a 15 year. We really, really did. We *almost* did... But we ended up with a 30 year fixed. The primary reason for that is fear on our part and we freely admit that. :) Our current budget is based on the assumption that my income will be our only income. In reality, that shouldn't be true for long after we move - but I guess we wimped out and tried to stay "safe" on that point since we'd rather risk a longer mortgage than missed payments and a bank-enforced house-ectomy or something. (Much to our banker's chagrin, we did smack down the lovely variable rate "line of credit" they wanted to attach to the loan as a "flexible option that you can use just like a credit card! Isn't that great?!" Uh.. no.) What we're doing to get closer to Dave's plan, though, is we are doing a bi-monthly payment thing which cuts down on total interest paid pretty significantly and we also pinky-swore to set up the automatic payments for about $100/month less than it would be for the 15 year anyway. Combined with the bi-monthly and the extra payments, I think we're looking at what is effectively a 12ish-year mortgage with some emergency wussy-insurance available if straits turn dire. By making the automatic payments be higher from the start, it'll be just enough of a hassle to lower the payment amount that it should keep us from resorting to that unless it is an actual emergency. As for cars... well, you know about my car. :) We've actually been looking at selling it - but it has been driven *way* too much. (Dealers say it is about 60,000 miles over what they'd consider a high mileage on that model-year... hehe...) There's only about 1.5ish years left on the loan (assuming minimum payments) anyway, so I think we're just going to keep it and pay down on it hardcore with the money our tight budget revealed was available. It's actually our lowest debt at this point, anyway. (In reality, we're in pretty good shape - we just have the car loan and the rest of my student loan to contend with.) @Jerry: We really wanted to get a 15 year. We really, really did. We *almost* did… But we ended up with a 30 year fixed. The primary reason for that is fear on our part and we freely admit that. :) Our current budget is based on the assumption that my income will be our only income. In reality, that shouldn’t be true for long after we move - but I guess we wimped out and tried to stay “safe” on that point since we’d rather risk a longer mortgage than missed payments and a bank-enforced house-ectomy or something. (Much to our banker’s chagrin, we did smack down the lovely variable rate “line of credit” they wanted to attach to the loan as a “flexible option that you can use just like a credit card! Isn’t that great?!” Uh.. no.)

What we’re doing to get closer to Dave’s plan, though, is we are doing a bi-monthly payment thing which cuts down on total interest paid pretty significantly and we also pinky-swore to set up the automatic payments for about $100/month less than it would be for the 15 year anyway. Combined with the bi-monthly and the extra payments, I think we’re looking at what is effectively a 12ish-year mortgage with some emergency wussy-insurance available if straits turn dire. By making the automatic payments be higher from the start, it’ll be just enough of a hassle to lower the payment amount that it should keep us from resorting to that unless it is an actual emergency.

As for cars… well, you know about my car. :) We’ve actually been looking at selling it - but it has been driven *way* too much. (Dealers say it is about 60,000 miles over what they’d consider a high mileage on that model-year… hehe…) There’s only about 1.5ish years left on the loan (assuming minimum payments) anyway, so I think we’re just going to keep it and pay down on it hardcore with the money our tight budget revealed was available. It’s actually our lowest debt at this point, anyway. (In reality, we’re in pretty good shape - we just have the car loan and the rest of my student loan to contend with.)

]]> By: Jerry http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-492 Jerry Wed, 11 Apr 2007 02:10:09 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-492 So you're getting the 15 year mortgage on your house, right? RIGHT?! We have less than 9 years to go on our house. Yes, I will ACTUALLY OWN IT some day. If there's anything you take away from Dave, that should be it. But as for buying a used Taurus, Dave and I don't see eye to eye. But "My Melody's" dad seems to take that to heart. He's on his 4th, per Dave's advice. So you’re getting the 15 year mortgage on your house, right? RIGHT?!
We have less than 9 years to go on our house. Yes, I will ACTUALLY OWN IT some day.
If there’s anything you take away from Dave, that should be it.

But as for buying a used Taurus, Dave and I don’t see eye to eye. But “My Melody’s” dad seems to take that to heart. He’s on his 4th, per Dave’s advice.

]]> By: Chris Thomas http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-491 Chris Thomas Wed, 11 Apr 2007 02:09:06 +0000 http://blog.bigzaphod.org/2007/04/10/cents-and-sensibility/#comment-491 I will definitely do that. Look for my post tomorrow. Thanks Sean. I will definitely do that. Look for my post tomorrow. Thanks Sean.

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