I figured up all my recurring bills, electric, cable, etc….I would need to take out $216 per week to pay it all….problem is everything is behind. Would you just start taking out $216 per week, and pay what you can and put the balance in one bill’s envelope until you get enough to pay it on time, and work your way through all the envelopes or would you put the money in each one’s envelope and try to come up with the extra money to pay it on time? I’m not sure where to start there….with being behind.
My husband and I don’t have credit card debt but are trying to build our savings account up. We live paycheck to paycheck and have no big savings and only a small college fund for our son (he’s almost 6). My question is do you have any tips for saving without giving up your car payments? I know Dave really stresses to buy something you can pay cash for but my hubby says we are not getting rid of our cars. I have a 3+yo van and he has a 1 yo truck. He’s willing to bend other places but not on our cars. Are there any of you out there that still have car payments and how are you making progress? We’re going to sell our timeshare in Williamsburg, VA too. Thanks for your suggestions!