Comments on: Having a hard time paying off debt? Try a Money Board!!

By: Tonya

Tonya — Fri, 27 Sep 2019 23:43:14 +0000

Haha! I can also relate to Kelly and the other commenters who said “My husband laughs at me, but he’s smart enough to realize I’m driving this financial bus to somewhere AMAZING and he’s along for the ride!” I guess women really are better drivers. ;)

By: J. Money

J. Money — Fri, 27 Sep 2019 18:53:24 +0000

In reply to Hailey. $75k - amazing!!!! Well done!!! :)

By: Kelly

Kelly — Fri, 27 Sep 2019 11:43:27 +0000

Woo hoo for being debt free, Hailey!! That’s awesome! Congratulations! I probably should have written something different than ‘laughs at me’. It more of a ‘chuckle at how excited I get to move a dollar’.

I take it you’re the financial leader in your relationship?

By: Hailey

Hailey — Thu, 26 Sep 2019 12:25:36 +0000

Totally love this idea! I just became debt free last week ($75k baby!!!) so I think I will use the money board idea for building up my emergency fund

Also… “My husband laughs at me, but he’s smart enough to realize I’m driving this financial bus to somewhere AMAZING and he’s along for the ride!” I totally relate to that statement!!

By: J. Money

J. Money — Thu, 26 Sep 2019 10:00:26 +0000

In reply to CJ.

Yup – clear AND awesome! ;) I tend to do the same with these things – hold onto the cash and pay things off over time if the interest isn’t bad… A nice feeling knowing you can pay it all off at any time!

By: CJ

CJ — Wed, 25 Sep 2019 16:35:17 +0000

In reply to CJ. That is less then 1% percent a year....hope that was clear.

By: CJ

CJ — Wed, 25 Sep 2019 16:29:58 +0000

In reply to J. Money.

We had saved up money for a new to us car, but when we purchased it, they had a interest rate of .98% for two years, we then kept our money and did the financing over two years, had Hugh payments, but we were amazed that we could pay the payments because we had to….and then also kept our car money in the bank….win, win !!!

By: J. Money

J. Money — Wed, 25 Sep 2019 16:24:17 +0000

In reply to CJ. Very smart!!! Cuts out all emotions from it right there on the spot ;)

By: CJ

CJ — Wed, 25 Sep 2019 16:16:18 +0000

In reply to J. Money.

And that would be why I have always made “savings” a bill that is taken out of our bank account on the same dates of the month, every two weeks,….. must be paid to myself.

This has worked for the last twenty years.

By: J. Money

J. Money — Wed, 25 Sep 2019 15:50:18 +0000

In reply to Abigail @ipickuppennies. You can make every $1.00 = $100 so it gives you something fun to do ;)