POLL: How far in debt will you be???

momandstudent · Jul 14, 2008

chaxanmom,

Have you found the Dave Ramsey book(s) to be quite valuable? I have been hearing quite a bit about him lately and am considering purchasing the book. I did look into the library but it will take me 3 months to get it. With the economy the way it is, I am really starting to try and get ALOT of our debt paid off before I graduate NS.

Jules A, MSN · Jul 14, 2008

chaxanmom,
Have you found the Dave Ramsey book(s) to be quite valuable? I have been hearing quite a bit about him lately and am considering purchasing the book. I did look into the library but it will take me 3 months to get it. With the economy the way it is, I am really starting to try and get ALOT of our debt paid off before I graduate NS.

It is nice to see that folks are interested in working on their finances rather than just buying into the American way of debt by saying "everyone else is doing it", sigh. I haven't heard about Dave Ramsey but years ago I read Ginger Applegarth's book Wake Up and Smell the Money and it helped change my life. It is old but still relevant, imo. You can get it used very cheap on Amazon.com or even better borrow it from your library.

chaxanmom · Jul 14, 2008

chaxanmom,
Have you found the Dave Ramsey book(s) to be quite valuable? I have been hearing quite a bit about him lately and am considering purchasing the book. I did look into the library but it will take me 3 months to get it. With the economy the way it is, I am really starting to try and get ALOT of our debt paid off before I graduate NS.

We did Financial Peace University with our church. "Financial Peace Revisited" came with the kit. We *almost* didn't get the kit and skipped the classes. We don't have much cc debt and finances are a generally boring topic but we are soooo glad we took it! They have a class locater on their website.

A few things that may be of interest from a nursing standpoint is that one lesson is about saving for college and retirement. I didn't realize that healthcare doesn't have 401K but another type instead. I forget the name...403somethingerother...lol! And DR explains how to properly roll that over when you change hospitals and/or retire.

chaxanmom · Jul 14, 2008

It is nice to see that folks are interested in working on their finances rather than just buying into the American way of debt by saying "everyone else is doing it", sigh. I haven't heard about Dave Ramsey but years ago I read Ginger Applegarth's book Wake Up and Smell the Money and it helped change my life. It is old but still relevant, imo. You can get it used very cheap on Amazon.com or even better borrow it from your library.

I love his saying "Normal is broke...BE WEIRD!" :yeah:

Jules A, MSN · Jul 14, 2008

I love his saying "Normal is broke...BE WEIRD!"

I hadn't heard that one but I love it!

Nurses-Rule1987 · Jul 15, 2008

$0, because I won the MegaMillions lotto! :lol: Yeah...right!

too funny

the funniest quote ever.

pinkynbd_99 · Jul 15, 2008

well by 2010, I'll have my ADN and be about $18k in debt, I'm hoping to have a good sign-on bonus, at least $5k so that I can manage to pay the rest off with over-time work!!

But this is the only way I can afford to finish school and not have to work full-time and help my hubby with the bills, & with 3 little ones, I really need the break!

I guess I really better make good use of the federal income tax returns and those "stimulus" checks to pay back my debt before they tell me I'm no longer qualified to get anything once I graduate! LOL!

chaxanmom · Jul 15, 2008

well by 2010, I'll have my ADN and be about $18k in debt, I'm hoping to have a good sign-on bonus, at least $5k so that I can manage to pay the rest off with over-time work!!
But this is the only way I can afford to finish school and not have to work full-time and help my hubby with the bills, & with 3 little ones, I really need the break!
I guess I really better make good use of the federal income tax returns and those "stimulus" checks to pay back my debt before they tell me I'm no longer qualified to get anything once I graduate! LOL!

Right there with ya on the last part. I'll graduate at the same time dh gets out of the military so we will at least triple our AGI since a LOT of his is tax-free right now. :bugeyes:

CuriousMe · Jul 15, 2008

We did Financial Peace University with our church. "Financial Peace Revisited" came with the kit. We *almost* didn't get the kit and skipped the classes. We don't have much cc debt and finances are a generally boring topic but we are soooo glad we took it! They have a class locater on their website.
A few things that may be of interest from a nursing standpoint is that one lesson is about saving for college and retirement. I didn't realize that health care doesn't have 401K but another type instead. I forget the name...403somethingerother...lol! And DR explains how to properly roll that over when you change hospitals and/or retire.

It's a 403B and it's not necessarily for healthcare groups, it's used instead of a 401k at nonprofit organizations....but it's for all intents and purposes the same thing.

Peace,

CuriousMe

chaxanmom · Jul 15, 2008

It's a 403B and it's not necessarily for healthcare groups, it's used instead of a 401k at nonprofit organizations....but it's for all intents and purposes the same thing.
Peace,
CuriousMe

Yeah he listed a few industries that have 403B but I was trying to keep this nursing related so as not to annoy admin. :) Thanks for the clarification!

jallen5 · Jul 15, 2008

$60,000

puresass · Jul 15, 2008

i have $8k in loans from my first BA, i saved up before getting into my ADN program, so hopefully i'll come out of it without any more loans. i'm halfway done & haven't used half of my savings yet, so i should be okay, but if i DO have to take out loans, it'd probably only be $2-3,000 at most.