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What Should You Expect From Your Candidates?

2011-12-10T12:19:00.000-06:00

What Should You Expect From Your Candidates?

http://view.e.daveramsey.com/?j=fec41c7274600d7e&m=fe9a15707460027475&ls=fe20127775630179731177&l=fef3107971660d&s=fe521573706c0c757c17&jb=ffcd16&ju=fe5f15757d6503797314&r=0

Veteran's Day

2011-11-11T09:37:00.000-06:00

Happy Veteran's Day to all who served and are serving our wonderful country.

Budgeting for Christmas 2012

2011-11-11T09:34:00.000-06:00

Budgeting for Christmas 2012

Next year Christmas will be on Tuesday, December 25th so don't let it sneak up on you like it may have done this year. Christmas is always in December lest we forget. Start planning for Christmas 2012 today by simply adding a line item to your monthly budget marked Christmas 2012.

At the beginning of each month set aside a designated amount like $100 and by the time Christmas 2012 arrives you'll have $1200 saved. By doing this you will be less stressed and enjoy the holidays so much more.

Vacations paid for using the Credit Card

2011-10-17T19:21:00.000-05:00

This is a question raised to Dave Ramsey from one of his listeners:

Is there a recommended vacation percentage?

This is a question raised to Dave Ramsey from one of his listeners:

Dear Dave,

Should you skip vacations when you're getting out of debt? Also, once you're debt-free, is there a rule as to what percentage of your income you should use on vacations?
Carl

Dear Carl,
I think you should put vacations on hold while you're trying to get out of debt. My family and I didn't go on vacation for nearly 10 years while we were getting out of debt. Why? Because we had work to do! We had bills to pay and kids to feed. That's just the way it goes sometimes.

I'm not sure that there's a specific percentage involved on vacation spending. It definitely shouldn't damage your financial foundation, or put you back into debt once you've worked your way out. You don't touch your emergency fund to go on vacation, and you don't stop funding your retirement or saving money so the kids can go to college. You just save up, and pay cash!

In most cases, this kind of plan will almost force your vacation spending to be a reasonable percentage of your income.
Dave

I love vacations. I love researching, planning and counting down the days to our next vacation. We didn't always pay cash for our vacations. Oh no! I remember going to Hawaii in '92 and it was fully funded by our Credit Cards. It was a wonderful vacation but the devastation that was left behind was just the beginning.

Getting Your Degree On Plan B - Dave Ramsey

2011-09-16T15:52:00.000-05:00

Dave's fans talk about getting your college degree without having to go into debt. There are lots of scholarships out their - you just need to know where to look. Getting a job while going to college is a novel idea. What about joining the Military?

http://www.daveramsey.com/article/getting-your-degree-on-plan-b/lifeandmoney_college/?ectid=bitlyified091620111506

The "Relax Fund" - Dave Ramsey

2011-07-29T17:13:00.000-05:00

Once you have an Emergency Fund in place it will give you a sense of peacefulness.

The Emergency Fund - Dave calls it the "Relax Fund" - this is so true! Right before we closed on our house we sold in MN our retaining wall needed to be fixed at a whopping cost of $2177.50 - oh that's right! But I was OK with it to some degree because we had the "Relax Fund" in
place.

http://www.daveramsey.com/newsletters/online/edition/personal-finance-newsletter-april-2011?ectid=cnlsignup_1#article2

The Great Recovery - It starts with YOU

2011-07-28T16:14:00.000-05:00

The Great Recovery is a grassroots movement spread by people who are tired of looking to Washington for answers. The truth is that the government can't fix this economy. It'll be restored one family at a time, as each of us takes a stand to return to God and grandma's way of handling money.

http://www.thegreatrecovery.com/home/

Real Life Case Study with Zac Bissonnette from Steve at Money Plan SOS

2011-07-12T09:11:00.000-05:00

In this Real Life Case Study episode we help a young, single, male college student going off to an out-of-state college this fall. His tuition is paid for and he will be getting a stipend that will cover most of his expenses.

http://www.moneyplansos.com/024-mpsos-real-life-case-study-with-zac-bissonnette/

Real Life Case Study from Steve at Money Plan SOS

2011-05-26T09:36:00.000-05:00

This is a Real Life story of a couple with four children who were normal Americans, made a lot of money, and enjoyed life. They had two cars with payments, a 2nd mortgage, spent $1,000 a month on dining, paid off credit cards with 401K loans, and thought they were doing great. But one of their four children caused them to sacrifice all that “living”.

http://www.moneyplansos.com/018-mpsos/

MayDay! MayDay!

2011-05-01T12:31:00.000-05:00

MAYDAY! EMERGENCY video! This wasn't scheduled (emergencies never are) so this is a bonus question for Financial Literacy Month. Matt tells their story of his unexpected even in a podcast and asks this question:

http://www.youtube.com/watch?v=UgONjtBQ1QM&feature=youtu.be

How would you pay for an emergency?

A) Whip out the credit card

B) Get a loan or work out a payment plan

C) Do it yourself and hope for the best

D) Use Emergency Savings you already have

April is Financial Literacy Month - April 30th

2011-04-30T09:28:00.000-05:00

I will start my "get-out-of-debt-plan" when...

A) I get the "big raise"

B) Gas prices go down

C) When the Sheriff arrives at my door to serve court papers

D) Today

http://www.youtube.com/watch?v=GBd2_aO14YQ&feature=youtu.be

Make the change today.

Turn off the TV and read a book on personal finance.

Listen to a podcast, do a budget,

and don't be afraid to ASK FOR HELP.

April is Financial Literacy Month - April 29th

2011-04-29T07:50:00.003-05:00

If you have some friends coming to town the day after I get paid, should I...

A) Cash paycheck, spend as I want

B) Make a plan and use an Envelope System

C) Put it on a credit card. Eat, Drink, and Be Merry

http://www.youtube.com/watch?v=6m3qAU-RW2s

How To Survive College

2011-04-28T10:51:00.002-05:00

Prepare high school graduates before they set foot on campus!

http://www.daveramsey.com/article/how-to-survive-college/lifeandmoney_college/1/

April is Financial Literacy Month - April 28th

2011-04-28T07:00:00.001-05:00

What is the difference between a Money-Market "Account" and a Money-Market "Fund"?

http://www.youtube.com/watch?v=ZXVrE5zQmtU&feature=youtu.be

A) There is no difference

B) Only one is FDIC insured

C) One is offered by a bank, the other through a Brokerage House

April is Financial Literacy Month - April 27th

2011-04-27T07:00:00.001-05:00

Jeff Kosola from DeliverAwayDebt.com asks our question for April 27:

What are your reasons for improving your financial self?

http://www.youtube.com/watch?v=BrqkS2x_1_s&feature=youtu.be

A) Reduce stress

B) Provide a better future for your family

C) Be able to work less

D) Because DeliverAwayDebt said so!

Money Saving Tips

2011-04-26T17:27:00.000-05:00

How to live on less than you make in all areas of your life.

http://drphil.com/articles/article/596

How The 30-Year Mortgage Robs Your Future

2011-04-26T07:00:00.004-05:00

You already know a 30-year mortgage is an expensive way to buy a home. But your mortgage could also cost you the chance to become a millionaire.

http://www.daveramsey.com/newsletters/online/edition/real-estate-newsletter-april11?ectid=1104elprenl_ov

April is Financial Literacy Month - April 26th

2011-04-26T07:00:00.001-05:00

If you were to pass away while in debt would your...

http://www.youtube.com/watch?v=OcyAFYDw0pg

A) Debt be forgiven

B) Heirs be responsible for the debt

C) Estate be responsible for the debt

D) Dreams of being Debt Free finally be "realized"

April is Financial Literacy Month - April 25th

2011-04-25T07:16:00.000-05:00

Don Current from CurrentFinances.com asks another question about saving for kid's college.

http://www.youtube.com/watch?v=oBrPEErVIcA

You should save for your child's college education…

A) In an Educational Savings Account (ESA)

B) In a 529 Plan

C) After consulting with a professional to see what is best

D) In a checking account where you can get easy access to the money

Think you know the answer? Is there a right answer? Tweet it to us using #FLMonth or comment below this post.

April is Financial Literacy Month - April 24th

2011-04-25T07:14:00.000-05:00

Julia from www.PromisesFC.com has an awesome question to challenge the way we think about money:

What is more important to you?

http://www.youtube.com/watch?v=FW7ipgstF8s

A) Knowing your mortgage interest rate

B) Knowing the remaining balance owed on your mortgage

C) Knowing the equity position on your mortgage

Once you answer the question, give yourself another minute to think about why you answered that way and what about the other options? Did you answer "interest rate"? Well then, why not the remaining balance? Isn't the goal to pay off the mortgage instead? Or why did you choose the "equity position"? Are you looking to use the equity for the purchase of a car or cruise? Think about it….

April is Financial Literacy Month - April 23rd

2011-04-23T07:00:00.001-05:00

Matt Wegner from FinancialExcellence.net has a great question for today:

How much should you spend on groceries per person in the household each month?

http://www.youtube.com/embed/hBkv-C1dDPo

A) $50 per person

B) $100 per person

C) $150 per person

D) $200 per person

April is Financial Literacy Month - April 22st

2011-04-22T07:24:00.001-05:00

So, who knows how to manage your money better?

http://www.youtube.com/embed/4PpPeY2Gcb4

A) The person with an 840 FICO score

B) The person with $1,000,000 Net Worth

C) Your broke Brother-In-Law

April is Financial Literacy Month - April 21st

2011-04-21T06:41:00.000-05:00

Should I get a Will?

http://www.youtube.com/watch?v=YnRpJznKcNw

A) No, I might die if I get a will

B) Yes. I love my family enough to have my wishes written down so there is no confusion when I am gone

C) No. I don't own anything so why bother?

April is Financial Literacy Month - April 20th

2011-04-20T07:15:00.002-05:00

Josh Levitt from LevittCoaching.com wants to know what you think:

http://www.youtube.com/embed/vA10De0FiAU

What is the best way to start investing for retirement?

A) Invest in a Roth IRA

B) Invest in a 401K up to your employer's match

C) Buy a house

Leave your thoughts (or even better, your suggestions) below this post.

April is Financial Literacy Month - April 19th

2011-04-19T07:17:00.000-05:00

Jake Stichler brings us a question from one of his follwers at DebtSucksBlog.com. It's a deep one so we will need you to leave your thoughts in the comment secion below.

http://www.youtube.com/watch?v=d6RZkygJtwI&feature=youtu.be

Is bankruptcy moral?

A) Yes

B) No

C) Only in certain circumstances

This is a much deeper question than the possible answers so let's start a conversation by leaving comments in the section below or let us know your thoughts on Twitter using #FLMonth.