Comments on: Budget Busters: Garage Doors and Packages

By: jolyn

jolyn — Wed, 27 Jan 2010 03:23:03 +0000

I would be really interested to know what you guys think of FPU!

By: Tonya

Tonya — Tue, 26 Jan 2010 22:35:29 +0000

Thanks for the heads up about budget busters. We just started Dave Ramsey’s FPU this month. I guess I need to set a line item for that in the zero budget.

Taking cash has been great for me because I think a lot more before buying things! Hope next month works out better for you!

By: jolyn

jolyn — Tue, 26 Jan 2010 21:56:49 +0000

Exactly!

By: jolyn

jolyn — Tue, 26 Jan 2010 21:21:30 +0000

I’m afraid if I carry my cash around with me it’ll catch fire!

(and burn a hole, get it?)

By: Kelleigh @ Kelleigh Ratzlaff Designs

Kelleigh @ Kelleigh Ratzlaff Designs — Tue, 26 Jan 2010 20:25:34 +0000

But, you can put the $$ in NEXT month’s envelope, right?
Aw, Jolyn, so sorry this happened!! I love that you are transparent about it, though, because you really made me stop and think about those little “should have been ready for it” funds. For the record, I like your idea of putting EVERYTHING toward your snowball. Of course, I’m married to an insurance agent (aka conservative dude) so he wants the micro accounts. It works for us, though, so I can’t complain!
And, GOOD GRIEF, girl! Go get a new wallet and keep your envelopes with you!! LOL!

By: Jen@925frugal

Jen@925frugal — Tue, 26 Jan 2010 14:44:47 +0000

I agree with Our Lives. I’ve been using Mary Hunt’s system for about 8 years now and our Freedom acct has saved my tail more times than I can count. Don’t be discouraged by her call to have $10,000 in your emergency fund. I’ve been on her system for 8 years and I’ve never come close to that amount because STUFF HAPPENS and I have to dip into that account (just recently $800 at Christmas time for a car repair). I think the key is to just keep making regular deposits into that account and to keep paying down the debt at the same time.

Ultimately if you aren’t adding to your debt load when emergencies come up, it doesn’t realy matter which system you use KWIM?

By: Bethany

Bethany — Tue, 26 Jan 2010 14:34:10 +0000

Great job- it’s so hard to plan for the things like car repairs and house stuff. I know I’m going to have to do something with my car windshield this month but have no idea how much it will cost. Oh, well. The adventure of life!

By: jolyn

jolyn — Tue, 26 Jan 2010 13:47:29 +0000

We, too, had a freedom account for a few years. I think it is an excellent system to use, but I agree: I think debt should take precedence over a fully funded emergency account.

By: Budgets are the New Black

Budgets are the New Black — Tue, 26 Jan 2010 13:44:22 +0000

I was wondering whether someone would bring up that very obvious point! We bank w/USAA, which is an excellent institution for military members: no fees, great service, etc — but no banking centers, thus, no cash deposits.

By: Mysti

Mysti — Tue, 26 Jan 2010 12:44:58 +0000

If you forget your cash….can you take the cash out of the envelope and deposit into the account you used to pay for your items? That way, you are still using the money ear-marked for the item, vs rolling it until next month?

(or, don’t listen to me….I don’t have my act together. )

Hope the new garage door is working just great!