Dumping Debt

[sapphira]

Wow... Jerry and I filed taxes yesterday and are expecting a $1300 refund between federal and state. On one hand, I'm glad that we're getting some money back, as we'll be able to put a large chunk of it into our emergency savings fund and start working on baby step #2 (paying off debt). On the other hand, that's way too much money being withheld!

Comments

[chellchan]

Depending on the answer I'm waiting for from the IRS (due to immigration stuff), I'll be getting $1300 back on my federal taxes too! I'm happy. It covers Marc's immigration fees! :D

~*Chell*~

[sapphira]

That's great news, I hope it works out for you!

[tamtu]

Not sure if you already know about this, but TeamSugar's blog network has a blog on saving money and all that kind of stuff. It's the first thing I thought about when I read your post :D

http://savvysugar.com/

Mostly about money, work, economy and whatnot. Has a few intersting articles, me thinks.

And if it's not your cup of tea, there's always GeekSugar.com >D

-love-

[sapphira]

What's GeekSugar? XD

I don't follow a lot of financial sites, because I'm such a nerd. I actually enjoy doing the math and figuring out how to get out of debt and when we'll be debt free, how much extra we'll have each month once we are debt free, etc...

Plus there is SO MUCH conflicting information out there! Everyone is like "credit is a wealth building tool" but I just don't believe that. I learned my lesson from watching my parents deal with this crap when I was a kid.

The only reason I listen to Dave Ramsey so much is because I guess I identify his ideas, they make sense to me, and he inspires me too. ^^

[tamtu]

omg. www.geeksugar.com They have the funnest gadgets.

[logicalharmony]

That's a pretty nice refund! I still have to deal with messes of companies not sending me my W-2 forms. Grrr.

I keep hearing a lot about Dave Ramsey and how his steps really work. I'll have to check it out.

[sapphira]

Ouch, is that because of your move, or...?

Yes, Dave's plan is solid and makes a lot of sense. The hardest thing to wrap my mind around is cutting up the credit cards and living strictly from the bank account. It really is true that in order to even think about life without debt requires a huge shift in the way we see things. One of the things I like about him (on the radio at least) is that he doesn't just tell you what you want to hear, he tells it like he sees it. I really respect people like that.

Anyway, check out his website, there's a lot more info there. ^^

[iheartmallie]

I love Dave! My parents are big into him, and I am too. I want to follow his steps when I get married and start a family.

[sapphira]

That's awesome, I hope you stick to that, you will be so much more wealthy in all areas of life if you do. ^^