Comments on: What’s wrong with Dave Ramsey http://www.bucksomeboomer.com/2009/09/whats-wrong-with-dave-ramsey/ Life and Finance Along the Way Fri, 30 Jul 2010 17:24:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bucksome http://www.bucksomeboomer.com/2009/09/whats-wrong-with-dave-ramsey/comment-page-1/#comment-833 Bucksome Tue, 09 Mar 2010 20:58:26 +0000 http://bucksomeboomer.com/?p=346#comment-833 Congratulations on being debt-free! You haven't had a credit card balance since 1995? I hope to be able to make a similar statement in 15 years. Congratulations on being debt-free! You haven’t had a credit card balance since 1995? I hope to be able to make a similar statement in 15 years.

]]> By: 7 Years in Madrid http://www.bucksomeboomer.com/2009/09/whats-wrong-with-dave-ramsey/comment-page-1/#comment-824 7 Years in Madrid Mon, 08 Mar 2010 17:00:22 +0000 http://bucksomeboomer.com/?p=346#comment-824 Regarding Dave Ramsey. I guess when you have really run up the cards you may have to give them a chop. However, emergencies happen. There was a case 15 years ago when I needed to put some items on credit. One card was for that. The other was for small purchases that were paid in 30 days. In the end I had a running balance for a couple of two threee months, my interest was super low, end result the credit card was to my advantage. I have been debt free really since 1993, when I made a final car payment. This two to three month credit card balance in '95 was pennies in the end. I am always finding ways to reduce and cutback on many things. For me, seeing a wasteful or pricey purchase on my debit or credit card is a nice, printed reminder of what not to do again. However, since I have been debt free for so long and have a sizeable savings, I can weather things like these. In the end it is all money management and your life is working with a budget and one big cost average. Regarding Dave Ramsey. I guess when you have really run up the cards you may have to give them a chop. However, emergencies happen. There was a case 15 years ago when I needed to put some items on credit. One card was for that. The other was for small purchases that were paid in 30 days. In the end I had a running balance for a couple of two threee months, my interest was super low, end result the credit card was to my advantage.

I have been debt free really since 1993, when I made a final car payment. This two to three month credit card balance in ‘95 was pennies in the end. I am always finding ways to reduce and cutback on many things. For me, seeing a wasteful or pricey purchase on my debit or credit card is a nice, printed reminder of what not to do again. However, since I have been debt free for so long and have a sizeable savings, I can weather things like these. In the end it is all money management and your life is working with a budget and one big cost average.

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