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DivaTribe Discussions => Personal Finances => Topic started by: allinyc on December 12, 2007, 03:16:59 AM



Title: Savings/debt payment club?
Post by: allinyc on December 12, 2007, 03:16:59 AM
Anyone interested in starting one? I read about this through MSN money. I think they call themselves the "women in red" and cheer each other on in this area and offer great savings/debt payment tips.


Title: Re: Savings/debt payment club?
Post by: HeatherH on December 12, 2007, 08:30:59 AM
I just read about the MSN women in red!  What's the club concept?  Is it like encouragment, etc., or (?) 


Title: Re: Savings/debt payment club?
Post by: JennR on December 12, 2007, 02:03:56 PM
I am really interested in hearing more about this.

We took on a lot of personal debt to start our business, which has us so far away from where I would like to be savings-wise it is scary. Then on top of that, I am just waiting for the student loan people to come and repossess my brain!  :hammer:

I manage the money end of our household and our business. DH is prone to buying things spur of the moment - I will only buy something if we really need it.

I think the only way we will ever save $ is if I just do without telling DH!


Title: Re: Savings/debt payment club?
Post by: allinyc on December 12, 2007, 02:36:53 PM
I just read about the MSN women in red!  What's the club concept?  Is it like encouragment, etc., or (?) 

Yeah, from what I have seen. I also think they are supposed to 'fess up if they really fall off...........that way the pressure from the "group" will make them stick to things more.

I think on the MSN site they all actually gave their amount of debt starting out in numbers too. I don't know how comfy people are with that though!


Title: Re: Savings/debt payment club?
Post by: Lara on December 16, 2007, 10:06:12 PM
I am 100% up for this!! I am constantly searching online for women run investment/support clubs and there are a serious LACK of them :(

I propose that we not only stay accountable to each other but list out our plans and bounce ideas off of one another...

I think it could be similar to a weight-loss thing except (for once) ;) we want to gain instead of lose!!

who's with me?   :dude: :queen:  :D


Title: Re: Savings/debt payment club?
Post by: Brooke on December 18, 2007, 10:48:21 AM
I am gearing up to read"The Total Money Make Over" by Dave Ramsey ... would anyone else be intrested in reading it as 'book club' sorta thing?


Title: Re: Savings/debt payment club?
Post by: allinyc on December 18, 2007, 12:15:26 PM
I've heard good stuff about that book.  He's the one who basically said keep $$ for an emergency fund, and everything else, pay off your debt?

I may be interested..........I have one more Harry Potter book to finish first!


Title: Re: Savings/debt payment club?
Post by: Brooke on December 18, 2007, 01:08:20 PM
I would like to start it January 1rst  :)  :diva:


Title: Re: Savings/debt payment club?
Post by: Jen on December 19, 2007, 07:42:46 AM
If my library has a copy I'll grab one and join in.


Title: Re: Savings/debt payment club?
Post by: nerdy on June 03, 2008, 11:50:42 AM
I am totally interested. I'm only 19 and I've already accumulated over $2000 in debt :O...I'm a self-diagnosed shopaholic and goddarnit i need some help


Title: Re: Savings/debt payment club?
Post by: Soap Star on July 11, 2008, 01:59:52 PM
I'm interested in the club too.  Right now I'm trying to position BF and myself to be able to buy a house, now that prices are coming down in So. Cal. where we live. 

Our debt-to-income ratio is ok, but I have some credit cards that are maxed out and they need to be 50% of the balance or less to improve my credit score.  Plus I'm trying to make sure payments are on time.