Comments on: Eliminate Debt: The Ultimate in Lazy Finances http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/ Saving, Earning, and Investing Money Sat, 21 Nov 2009 00:22:17 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Livingalmostlarge http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-20284 Livingalmostlarge Tue, 27 Nov 2007 02:01:16 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-20284 I'm an avid follower with lazy man and budgeting. I’m an avid follower with lazy man and budgeting.

]]> By: Minimum Wage http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-20173 Minimum Wage Mon, 26 Nov 2007 05:41:06 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-20173 If your debt is twice your annual income, how long would it take to get out of debt? If your debt is twice your annual income, how long would it take to get out of debt?

]]> By: Make More & Spend Less http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-19542 Make More & Spend Less Tue, 20 Nov 2007 20:09:11 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-19542 My wife and I have come up with a plan that works for us. I pay all of the expenses, mostly all automatic, and she uses her salary for saving and debt repayment. If all goes well she will be saving all of her salary in just 7 months My wife and I have come up with a plan that works for us. I pay all of the expenses, mostly all automatic, and she uses her salary for saving and debt repayment. If all goes well she will be saving all of her salary in just 7 months

]]> By: Moneymonk http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18985 Moneymonk Fri, 16 Nov 2007 17:12:28 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18985 It's nothing wrong with being lazy, it shows that you use your brain more. I also wants to get to the point in which my budget will take 5 minutes to do It’s nothing wrong with being lazy, it shows that you use your brain more. I also wants to get to the point in which my budget will take 5 minutes to do

]]> By: The Saving Freak http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18926 The Saving Freak Fri, 16 Nov 2007 05:40:13 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18926 We also went through the Dave Ramsey plan. The only problem I had was the tools were not the best. That is when I met Joseph Sangl. His budgeting tools are top of the line and they are all free at his website. We were debt free by the time I met Joe but his tools have made it much easier four us to keep up with our budget. We also went through the Dave Ramsey plan. The only problem I had was the tools were not the best. That is when I met Joseph Sangl. His budgeting tools are top of the line and they are all free at his website. We were debt free by the time I met Joe but his tools have made it much easier four us to keep up with our budget.

]]> By: Joseph Sangl http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18903 Joseph Sangl Fri, 16 Nov 2007 02:20:18 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18903 Dave Ramsey is the MAN! He is THE REASON that my bride and I embarked on our journey to become debt-free. It took us 14 months! I have paid cash for a car, and have incurred no debt since becoming debt-free nearly four years ago! Dave Ramsey is the MAN! He is THE REASON that my bride and I embarked on our journey to become debt-free. It took us 14 months! I have paid cash for a car, and have incurred no debt since becoming debt-free nearly four years ago!

]]> By: lulu http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18861 lulu Thu, 15 Nov 2007 17:16:59 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18861 I am a lazy(ish) budgeter myself. I have put everything that can go on autopay through my online accounts so I do not have to deal with them. I set up my own debt reduction plan and I have eliminated one loan amount. It really does feel good to see that one debt go to zero and it just makes you have more hope that you can get the others down too, it just takes some time. I am a lazy(ish) budgeter myself. I have put everything that can go on autopay through my online accounts so I do not have to deal with them. I set up my own debt reduction plan and I have eliminated one loan amount.

It really does feel good to see that one debt go to zero and it just makes you have more hope that you can get the others down too, it just takes some time.

]]> By: FinanceIsPersonal.com http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18851 FinanceIsPersonal.com Thu, 15 Nov 2007 16:43:10 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18851 I keep a good track on the money coming in and out, but when it comes to spending, I've gotten pretty lazy. I take $400 out in cash at the beginning of the month, put it in an envelope, and just use that to pay for gasoline, groceries, going out to eat, and oher every day expenses. After the money in the envelope is gone (it usually never is), then I'm done spending money for the month. I keep a good track on the money coming in and out, but when it comes to spending, I’ve gotten pretty lazy. I take $400 out in cash at the beginning of the month, put it in an envelope, and just use that to pay for gasoline, groceries, going out to eat, and oher every day expenses. After the money in the envelope is gone (it usually never is), then I’m done spending money for the month.

]]> By: pfodyssey http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/comment-page-1/#comment-18847 pfodyssey Thu, 15 Nov 2007 16:27:04 +0000 http://www.lazymanandmoney.com/eliminate-debt-the-ultimate-in-lazy-finances/#comment-18847 The flavors of budgeting are as varied as the personalities who do them. It seems to me that the level of budgeting required really depends on the individual (and their own financial situation). For example, if you are by default pretty undisciplined about your finances without a budget and / or income vs expenses are pretty tight, you may need one that is more details and updated / monitored on a more frequent basis. Conversely, if you are disciplined and / or easily managing your expenses, then the need may be less. Of course, I only say may because some people love budgets (lot of financial freaks out there! heh.) For myself, I have a simple spreadsheet that shows my monthly take-home (est) with offsets for fixed expenses and variable expenses (very rough estimate for the variable). I probably take a look at it once a year or so...maybe more if my networth doesn't seem to be moving in the right direction and I'm wondering where the heck all the money is going! The flavors of budgeting are as varied as the personalities who do them. It seems to me that the level of budgeting required really depends on the individual (and their own financial situation). For example, if you are by default pretty undisciplined about your finances without a budget and / or income vs expenses are pretty tight, you may need one that is more details and updated / monitored on a more frequent basis.

Conversely, if you are disciplined and / or easily managing your expenses, then the need may be less. Of course, I only say may because some people love budgets (lot of financial freaks out there! heh.)

For myself, I have a simple spreadsheet that shows my monthly take-home (est) with offsets for fixed expenses and variable expenses (very rough estimate for the variable). I probably take a look at it once a year or so…maybe more if my networth doesn’t seem to be moving in the right direction and I’m wondering where the heck all the money is going!

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