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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.
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