52 Week Money Challenge - Page 3 - Toyota Yaris Forums

tooter · 03-27-2013, 11:41 AM

Quote:

Originally Posted by suckerface

Are any of you familiar with Dave Ramsey? My dad is a HUGE believer in his Financial Peace series (has actually taught 5 or 6 sessions). He's convinced that, had him and my mom started this when they got married, they'd be millionaires. My fiance and I are going to sit down and go through the course before the wedding.

That's a very smart thing to do.

Quote:

It's mostly just common sense things, and holding yourself accountable for the money you spend frivolously.

LifeHacker also has some good finance tips here and there. It's also nice to set up a Mint.com account to see where your money goes, and set alerts for when you go over a budget.

Dave Ramsey is a genuinely good man who does so much good for America by reminding us to be decent responsible productive solvent and frugal. And I can scream "I'm debt free!"

No mortgage debt, no car loan debt, no student loan debt, no personal debt, and a zero credit card balance.

nookandcrannycar · 03-28-2013, 02:29 AM

Quote:

Originally Posted by tooter

That's a very smart thing to do.

Dave Ramsey is a genuinely good man who does so much good for America by reminding us to be decent responsible productive solvent and frugal. And I can scream "I'm debt free!"

No mortgage debt, no car loan debt, no student loan debt, no personal debt, and a zero credit card balance.

I started listening to him IIRC on satellite radio while driving across rural stretches of Canada on my trip in 2006. I was debt free in each way you describe long before that, but I just like listening to him....like hearing how he interacts with the callers. I switch between 5 different AM stations (only 1 comes in really strongly) in the car and whenever I happen to hear him I usually stop on that station until I get out of the car, lose the signal, or the show ends. At home, if I happen to tune him in I'll listen (as background) until I next leave or when the show ends. If TN ever became a completely no state income tax state, I'd consider moving to where he broadcasts from. I have some friends who live there, and they love it (he's a native, but she's from L.A.).

tooter · 03-28-2013, 02:45 AM

Quote:

Originally Posted by nookandcrannycar

I started listening to him IIRC on satellite radio while driving across rural stretches of Canada on my trip in 2006. I was debt free in each way you describe long before that, but I just like listening to him....like hearing how he interacts with the callers.

You and I are both on the same page, nook...

I also enjoy hearing Dave "preach to the choir". There is so much media insanity, it's refreshing to actually hear a sane person on the radio.

nemelek · 03-29-2013, 05:54 PM

Good job Mad Dog! The question to ask is where is the $1378 going to be in 10 years.

*MAD DOG* · 03-29-2013, 11:33 PM

Quote:

Originally Posted by nemelek

Good job Mad Dog! The question to ask is where is the $1378 going to be in 10 years.

sqcomp · 03-30-2013, 04:33 PM

I've been working this plan since the start of the year.

I also occasionally purchase small items for work. I get reimbursed and instead of sticking the reimbursment into the checking, I place it in the savings. I should be at what, $78 going straight with the plan? I'm at $202 and change now.

My wife has NO idea about this either. Something tells me I'll just keep compounding this as much as possible. Perhaps one day it'll pay for a bespoke engine and transmission for a Yaris...

deathwisher · 03-30-2013, 06:29 PM

Wouldn't it be easier if the bank does an automatic withdraw every time you get paid?

That's how I keep money out of my useable savings account. Then it just feels like you get paid less and there for use less.

*MAD DOG* · 04-10-2013, 09:34 AM

Quote:

Originally Posted by sqcomp

I've been working this plan since the start of the year.

I also occasionally purchase small items for work. I get reimbursed and instead of sticking the reimbursment into the checking, I place it in the savings. I should be at what, $78 going straight with the plan? I'm at $202 and change now.

My wife has NO idea about this either. Something tells me I'll just keep compounding this as much as possible. Perhaps one day it'll pay for a bespoke engine and transmission for a Yaris...

Keep up the good work.

*MAD DOG* · 04-10-2013, 09:37 AM

Quote:

Originally Posted by deathwisher

Wouldn't it be easier if the bank does an automatic withdraw every time you get paid?

That's how I keep money out of my useable savings account. Then it just feels like you get paid less and there for use less.

No because I hate direct debits and minimise them to as little as possible. I only have 4 at the moment, two separate mortgages, car loan and internet.

However I have also nominated at work for them to take $50 extra a week out in tax. Therefore i'm overpaying my tax and I get it back when I do my tax return. $50 x 52 = $2,600

*MAD DOG* · 04-10-2013, 09:38 AM

Ta Dah! Weeks 15 & 16

*MAD DOG* · 04-24-2013, 10:53 PM

Week 17 & 18

Still at it...

*MAD DOG* · 05-10-2013, 03:48 AM

Weeks 19 and 20.

Still going.

The 66c is interest :)

*MAD DOG* · 05-22-2013, 04:04 AM

Weeks 21 & 22

Still going, even on holiday.

Septembersrain · 05-22-2013, 08:45 AM

It's easier to save money than I thought it would be. It accumulated fast for me. Ended up with 7k in a year.
I put in enough to almost make my Kia brand new before pulling the plug to put the rest towards this new Yaris instead.

PS: That bouncing girl is very distracting at this early hour. LOL

goliath1812 · 05-22-2013, 09:31 AM

Quote:

Originally Posted by *MAD DOG*

However I have also nominated at work for them to take $50 extra a week out in tax. Therefore i'm overpaying my tax and I get it back when I do my tax return. $50 x 52 = $2,600

Sorry for bringing up an old quote, but I just saw this. Wouldn't it be more beneficial to take that extra $50 a week, and have it put into an interest bearing savings account, instead of overpaying towards taxes? That way at the end of the year, you'll still have that $2600, but it will be in your own account (not waiting for your refund), and you'll have extra interest on top of it.

Paying extra every week to taxes is essentially giving the government an interest free loan for a year.

Septembersrain · 05-22-2013, 11:00 AM

I put in an extra $10 myself. I do it because this last year I ended up owing them money.
I think putting in a little extra is a good idea but perhaps $50 is a bit much.
Though I think it might be a bit more complicated than that with the brackets and such.

*MAD DOG* · 06-06-2013, 08:36 AM

Week 23 & 24

Still going. Almost half way through now.

*MAD DOG* · 06-06-2013, 08:37 AM

Quote:

Originally Posted by Septembersrain

...PS: That bouncing girl is very distracting at this early hour. LOL

A friend of mine found her on some forum, so I borrowed her. I thought it was cool.

03-29-2013, 05:54 PM	#40
nemelek DWEED Drives: 3DR 2008 Metorite Metalic Join Date: Oct 2008 Location: Arizona Posts: 1,161	Good job Mad Dog! The question to ask is where is the $1378 going to be in 10 years. __________________ Making a decision without following it with an action is still a fantasy.

03-30-2013, 04:33 PM	#42
sqcomp Roadrunner Jr. View User's Garage Drives: 2007 Yaris S Join Date: Jan 2007 Location: Back at home Posts: 2,609	I've been working this plan since the start of the year. I also occasionally purchase small items for work. I get reimbursed and instead of sticking the reimbursment into the checking, I place it in the savings. I should be at what, $78 going straight with the plan? I'm at $202 and change now. My wife has NO idea about this either. Something tells me I'll just keep compounding this as much as possible. Perhaps one day it'll pay for a bespoke engine and transmission for a Yaris... __________________ “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” ― Thomas Paine

05-10-2013, 03:48 AM	#48
MAD DOG Drives: 2011 Toyota Camry Hybrid Join Date: Oct 2008 Location: Victoria, Australia Posts: 6,412	Weeks 19 and 20. Still going. The 66c is interest :) __________________ "Manual labour is not for me. In fact i'm not even sure non manual work is either." -Anthony Linton Check out ▬▬► I like I like ◄▬▬ for more fun on Facebook

05-22-2013, 08:45 AM	#50
Septembersrain ♣♀Yaris'ing♀♣ View User's Garage Drives: 2013 Yaris 3-Door LE ~Pearl~ Join Date: May 2013 Location: San Antonio Posts: 250	It's easier to save money than I thought it would be. It accumulated fast for me. Ended up with 7k in a year. I put in enough to almost make my Kia brand new before pulling the plug to put the rest towards this new Yaris instead. PS: That bouncing girl is very distracting at this early hour. LOL __________________ ╩╗ Don't be a drip. ◄~(¬ _¬)~

05-22-2013, 11:00 AM	#52
Septembersrain ♣♀Yaris'ing♀♣ View User's Garage Drives: 2013 Yaris 3-Door LE ~Pearl~ Join Date: May 2013 Location: San Antonio Posts: 250	I put in an extra $10 myself. I do it because this last year I ended up owing them money. I think putting in a little extra is a good idea but perhaps $50 is a bit much. Though I think it might be a bit more complicated than that with the brackets and such. __________________ ╩╗ Don't be a drip. ◄~(¬ _¬)~

03-30-2013, 06:29 PM	#43
deathwisher Drives: 2007 Yaris Sedan Join Date: Feb 2011 Location: BC Posts: 40	Wouldn't it be easier if the bank does an automatic withdraw every time you get paid? That's how I keep money out of my useable savings account. Then it just feels like you get paid less and there for use less.