Comments on: Paying Off Debt And Saving Money Can Be Done At The Same Time. http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 By: Weekly Link Review – The Debt Collector Edition | frugalandthriving.com.au http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-34784 Weekly Link Review – The Debt Collector Edition | frugalandthriving.com.au Thu, 29 Oct 2009 21:46:03 +0000 http://www.mytwodollars.com/?p=1594#comment-34784 [...] Paying off Debt and Saving Money at the Same Time by My Two Dollars [...] [...] Paying off Debt and Saving Money at the Same Time by My Two Dollars [...]

]]> By: Reader Success Story: Paying Credit Card Bills On A Weekly Schedule. | My Two Dollars http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-29205 Reader Success Story: Paying Credit Card Bills On A Weekly Schedule. | My Two Dollars Tue, 30 Sep 2008 16:31:20 +0000 http://www.mytwodollars.com/?p=1594#comment-29205 [...] Paying Off Debt And Saving Money Can Be Done At The Same Time. [...] [...] Paying Off Debt And Saving Money Can Be Done At The Same Time. [...]

]]> By: david http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-29194 david Mon, 29 Sep 2008 15:36:41 +0000 http://www.mytwodollars.com/?p=1594#comment-29194 So glad that worked for you Amy, and thanks for leaving the comment for others to read! So glad that worked for you Amy, and thanks for leaving the comment for others to read!

]]> By: Amy http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-29191 Amy Mon, 29 Sep 2008 14:41:33 +0000 http://www.mytwodollars.com/?p=1594#comment-29191 Phew! I knew my credit card payments were out of hand when my minimum balance due was an entire paycheck! So, I did exactly what you've recommended here. I'm not good at staying on top of payments, so I had $50 a week automatically transferred to my credit card from my checking account every week. Each month I pay $200, and my current past due amount is back down to $0. I also manage to put away $50 a week in my savings account. Though I do have to dip into it every now and then, I've found that by bringing lunch to work and limiting the number of times I eat out per week (once or twice, maximum) I can still save money while keeping my social life! Weekly payments add up fast, and they're relatively painless. Great Advice! Phew! I knew my credit card payments were out of hand when my minimum balance due was an entire paycheck! So, I did exactly what you’ve recommended here. I’m not good at staying on top of payments, so I had $50 a week automatically transferred to my credit card from my checking account every week. Each month I pay $200, and my current past due amount is back down to $0. I also manage to put away $50 a week in my savings account. Though I do have to dip into it every now and then, I’ve found that by bringing lunch to work and limiting the number of times I eat out per week (once or twice, maximum) I can still save money while keeping my social life! Weekly payments add up fast, and they’re relatively painless. Great Advice!

]]> By: *bbj* http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-28402 *bbj* Thu, 28 Aug 2008 17:57:52 +0000 http://www.mytwodollars.com/?p=1594#comment-28402 This is GREAT advice. I have always put aside something, even when it seemed like I didn't have enough coming in. The truth is, you make due with a little less (as little as a couple bucks a day can add up). I save to my ShoreBank account that way. You won't miss that money as it goes to savings, but you'll be very happy when you start to see the sum grow. It's kind of like dieting I guess: You have to be happy with tiny results at first, but good habits inevitably bring good returns, and once you get the ball rolling it's easier to keep it rolling. Also, I find that the more times I visit my money online, the easier it is to ignore that $3.50 energy drink or $4.50 coffee. Thanks for the post! This is GREAT advice. I have always put aside something, even when it seemed like I didn’t have enough coming in. The truth is, you make due with a little less (as little as a couple bucks a day can add up). I save to my ShoreBank account that way. You won’t miss that money as it goes to savings, but you’ll be very happy when you start to see the sum grow. It’s kind of like dieting I guess: You have to be happy with tiny results at first, but good habits inevitably bring good returns, and once you get the ball rolling it’s easier to keep it rolling. Also, I find that the more times I visit my money online, the easier it is to ignore that $3.50 energy drink or $4.50 coffee.

Thanks for the post!

]]> By: Mark Nelson http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-28149 Mark Nelson Thu, 14 Aug 2008 01:17:06 +0000 http://www.mytwodollars.com/?p=1594#comment-28149 You almost make it sound easy. It is if you follow what you say. Great post, You almost make it sound easy. It is if you follow what you say.

Great post,

]]> By: david http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-27960 david Mon, 04 Aug 2008 23:32:50 +0000 http://www.mytwodollars.com/?p=1594#comment-27960 Thanks Dusty, appreciate the comment and the kind words! Thanks Dusty, appreciate the comment and the kind words!

]]> By: Dusty http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-27959 Dusty Mon, 04 Aug 2008 21:07:36 +0000 http://www.mytwodollars.com/?p=1594#comment-27959 I must say that I have to disagree with Bri (see comment above). I would NEVER pay a credit card company before I paid the utility bills. Food, housing, clothing, and transportation should be the foundation of what you pay first. After that, if anything is left, I would pay the credit card companies. As far as the credit cards are concerned, I would first call them and explain your situation. I would even sent them a detailed budget of what you make and how your spending is currently allocated. Ask them to lower or eliminate your interest, stressing that you want to pay you bill but at the current interest rates, you simply cannot and will not jeopardize your family's well-being. The next thing I would do is sign up for Dave Ramsey's Financial Peace University. It can literally change your life. I am in no way affiliated with Dave or his company, but I believe in his methods 100%. @ David - Great post! I have now subscribed and look forward to your humorous style of writing. I must say that I have to disagree with Bri (see comment above). I would NEVER pay a credit card company before I paid the utility bills. Food, housing, clothing, and transportation should be the foundation of what you pay first. After that, if anything is left, I would pay the credit card companies.

As far as the credit cards are concerned, I would first call them and explain your situation. I would even sent them a detailed budget of what you make and how your spending is currently allocated. Ask them to lower or eliminate your interest, stressing that you want to pay you bill but at the current interest rates, you simply cannot and will not jeopardize your family’s well-being.

The next thing I would do is sign up for Dave Ramsey’s Financial Peace University. It can literally change your life. I am in no way affiliated with Dave or his company, but I believe in his methods 100%.

@ David – Great post! I have now subscribed and look forward to your humorous style of writing.

]]> By: Weekly Roundup - Lazy Weekend Edition http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-27935 Weekly Roundup - Lazy Weekend Edition Sun, 03 Aug 2008 19:17:43 +0000 http://www.mytwodollars.com/?p=1594#comment-27935 [...] writes that saving money and paying off debt can be done at the same [...] [...] writes that saving money and paying off debt can be done at the same [...]

]]> By: Vacation Roundup - August 3rd http://www.mytwodollars.com/2008/07/31/paying-off-debt-and-saving-money-can-be-done-at-the-same-time/comment-page-1/#comment-27933 Vacation Roundup - August 3rd Sun, 03 Aug 2008 14:39:13 +0000 http://www.mytwodollars.com/?p=1594#comment-27933 [...] Two Dollars outlines a way to pay off debt and save money at the same time. If even the minimum payments seem like too much, it’s a good [...] [...] Two Dollars outlines a way to pay off debt and save money at the same time. If even the minimum payments seem like too much, it’s a good [...]

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