I love love Suze Ormanand have one of her books but not this one!

My sister bought me that book a few years ago and I LOVE it.

I was very financially irresponsbile when I first got out of college, so I racked up a LOT of credit card debt (I didn’t know about your trick for freezing credit cards back then!). This year though I’ve really made huge strides in taking care of the debt. I also have an IRA with a good amount of money in it from two separate jobs, and I have a savings account i automatically transfer funds into every paycheck. I give myself a B.

I read that book a few years back and enjoyed the style: provided valuable information for someone financially unsavvy but had great tips for those that understand the basics. I was always a saver growing up but lately I feel my major expenses are more than I would like-it’s tough to balance a safe home & cost when you are single.

Hey! Enough with the negative talk!
Sure there are more things to know about finances but you are NOT a dummy!

I’ve heard really good things about that book! I would say we are pretty financially responsible, we are 22 and 24 and just bought our first townhouse. We have no debt other than car payments on one car and now our mortgage (no credit card or student loan debt though. Yay!) we both have decent sized savings accounts as “nest eggs” and I just bought my first RRSP last week so I guess I’m officially saving for retirement.

I’m too much of a stress case about money to NOT be financially responsible. I stress about spending too much money all the time!

Money dummy! 😛

I am terrible with money. In my early 20’s I had to file for bankruptcy b/c I got laid off and had no money whatsoever and no job.

I just did my taxes and found that I made less than half of what I did in 2009. No wonder I was always broke!

Now I am in grad school again living on loans, and have no idea what will happen when it is time to move on or go back home.

I hope I can get a steady job so I can once again have financial stability.

great book! It made me feel more hopeful about the money situation. I try to save 1/2 of my after-tax income and invest a total of 15% of my income a year toward retirement (my work matches some, which is a help). It is frustrating when other fees go up and so does the cost of living and healthcare. I can control my spending, but when other uncontrollable costs rise it is discouraging.

I am pretty money savvy … I refuse to ever pay interest on a credit card, and the only debt I will “allow” myself (and the hubby) is a mortgage and 1 car loan.

I consider myself to money savvy and fortunately the BF is, too. We’re in our 30’s, have good stable jobs, contribute to retirement and the only debt we have is our mortgage. We pay extra on our mortgage each month and hope to have the mortgage paid off in 20 years, before we both retire. I find that what really helps us is having multiple bank and credit card accounts. We each get a monthly allowance put into our personal accounts and the bulk of our funds are in the house account. It allows us the freedom to buy whatever we want without worrying that we won’t have money to pay the bills.

I am right there with ya! We can do this. 😉

Working toward savvy. I just had a meeting with a financial planner this morning to get my retirement acct up and running…it wasn’t nearly as scary as I thought it was going to be! Check out daveramsey.com/elp if you want to find one to help you set up a Roth IRA.

I’m good at saving money, but I hate money-related paperwork. Like, I’m really bad about receipts and keeping track of documents related to mortgage, insurance, taxes, etc. Trying to get better! Only about 1500 bucks saved for my retirment. I have a feeling that’s not going to be enough!

Those goals are definitely doable! I’m lucky that my Husband is all over financial security and has had an IRA since he was 22 for our retirement.

I would get even more broke if I went out and bought that book lol! I may have to check the library. We manage money pretty well but my husband is in the military and get’s paid next to nothing!

I have no savings and no insurance.

It doesn’t make sense for me to even plan/save for retirement until I get all my debt (student loans) paid off…which is about $130,000. So it’s going to be a long, long time….

Does she tell you how to get rid of those in a year or two (with all other payments??) ?? !! 🙂

I’m not as money savvy as I could be. I do have a few CDs, a Roth IRA, and 401k with my company – thanks to my mom. 🙂 Where I think I can improve is with my daily spending. I need to more cognizant of where I use my credit card (it’s too easy to swipe that little baby!).

I am starting to be better with my money – saving and attempting to pay down debts!
It’s hard when you have a shopping problem. Like in organic food stores. *SIGH* Great post!

I love love love Dave Ramsey’s Total Money Makeover. Seriously. Read. This. Book. I couldn’t put it down and finished it in a day. It will change your life!!!!! I am still working on it, but I am feeling much better about money!

I’m lucky (I certainly didn’t think so when I was a kid) because my dad is a financial planner. He made sure we understood how to save and why we needed to save. He also taught us that it was important to SPEND the money you have saved – not all of it, but certainly if you’ve saved for a specific purpose, spend it once you’ve saved it!

I was also lucky because I managed to find a husband who has pretty good money sense.

It’s not easy though…we have a budget and a financial plan and it takes time and effort to stick to it. But it’s worth it. The budget and financial plan took a while to get to a point where they worked for us, but now that we have it figured out, it’s worth the time it takes!

5 businessed? what else do you own?

I’m going to put in a shameless plug for another great book:
“You’re So Money” by Farnoosh Torabi. It’s geared toward young people (20s-30s) and it has a bunch of debt reducing tips and money saving tips. The author has been a finance correspondent on the Today show and I actually went to school with her at Penn State – we met on a volunteer trip to Boston when she was a senior and I was a freshman in 2002. I’ve since fallen out of touch with her but she’s an awesome, smart girl and a great writer! I’m looking for more from her coming out soon!