I bought my first gold in 1988


as a young newly married woman. We didn’t have very much and I only invested roughly $300, which even then was too small to really get into any other kinds of stocks or bonds. I bought another $300 worth a year later, for slightly more. I think the cutoff point for most forms of investing at that time (as far as I had checked anyway) was at least $500. So gold was one of the few things I could actually buy with the money I had to work with at the time. When my first husband and I divorced, he took half. Bummer.When I sold my half of the gold approx 20 years later, I needed the money and I needed it fast. It served EXACTLY the purpose I needed it to serve. I hated to see it go, but yes I made something on that investment. Not only did I get the money I needed when I needed it, it sold for a lot more per ounce than I’d originally paid for it. Compared to the options I had at the time, it out-performed my savings account by a lot, and it kept me from taking out more debt. So, it served its purpose quite well. I don’t regret selling it, even though I wish I still had it.Also, based on what I’ve read, it’s rather backwards to think of what gold is worth in terms of dollars (or any other currency). Rather, the real question is what that given currency is worth when compared to gold.

I’m reading all over the place about investing in silver and/or gold


because the dollar could possibly soon be worthless. What do any of you think about this? I know Dave’s not too keen on investing in gold, but I’m not sure about silver.I know we all have our opinions on the government and what’s going on in our country, but there seem to be a lot of signs pointing to us needing to get our ducks in a row in case something happens, economical or other.Should we be reserving some of our “emergency fund” as something tangible like gold or silver that do not lose their value? I’m worried my emergency fund won’t be worth it’s current value if something happens down the road.

That’s a big question


and the quickest answer is “it depends”. Very generally, raw meats are OK, cooked meats are OK but can cause some digestive upset. Cooked veggies are OK. Limited cooked grains are OK. Sauces, jams, fruits, dairy products, etc should only be fed sparingly if at all. Raw bones are OK but cooked bones can shatter and cause splintering.

We have done raw homemade dog and cat food for years, and there are recipes you can follow which will provide complete nutrition for dogs or cats. Whether it’s cheaper or more expensive is something of a debate. Yes you can feed costco kibble (or the like) very economically, and that’s probably the single cheapest option unless you raise your own meat and veggies and feed your dogs/cats out of your own garden. But many folks claim that you eventually “pay the price” for cheap kibble, via higher vet bills. We saw our vet bills drop dramatically after switching over to homemade raw foods but it’s not something which I can measure and quantify. In essence, you get what you pay for. Garbage in, garbage out.

I would suggest there are a variety of books and websites that you can read, to learn what’s safe and what’s not, and what is ok when fed in small amounts, and which recipes will give your critters complete nutrition. There are also Yahoo groups which are for folks feeding raw and/or homemade diets, either in full or as a supplement to purchased pet food, to help answer more involved questions along these lines.

As I posted in early October


we became debt free on September 28, 2015 after being in debt since the mid 2000s. Four months have pass since the chains dropped and we’ve been able to begin building our FFEF. The money has been building up in our checking account. Our FFEE is up to around $8,000 and the bank recently rewarded us with $0.08 interest for the month of January.

We’re looking for recommendations for a Dave Ramsey bank to send our FFEF money. I recall there being one or two banks that offered 2% return, but that was when we were on BS2, so things may have changed.

We’re open to suggestions on where to put our FFEF money. Also, it would be nice to receive a run down on what we need to be doing on BS3. We’ve mostly been laying low healing from our year and a half BS2 process and, now that we have some FFEF money, I probably need to get us going on the BS3 steps.

WOW!!!!! Dan this is awesome


We’re definitely in snowball stage, and this past weekend we actually had one of our first heated arguments since being on DR, because of disagreements and misunderstandings about where the money goes. Yes, we’re still struggling with that, here at 1 year down the road from taking the DR class. I’m going to forward this note to my DH as a beacon of hope. We, too, will find our way, and someday be able to send out a note like this. Thanks for the great news!

Credit Unions are the way to go…


I set my kids up at a Credit union years ago…$5 vs $250 to open an account at BOA. Since my DH traveled with his job, a nationally recognized bank was easier to deal with if he needed to use his debit card, why we had BOA for so many years. I’d get rid of the account, but we started a business and don’t want to add that stress to the mix and we still have the mortgage with them…I deal with BOA and the credit union and my DH deals with the business at the credit union. I think the business loan he needs is also going to be done through a CU.

Wow, Dan that is fantastic!


What a wonderful peace you will feel over the next couple of months knowing all that debt is gone.
And knowing that you will never be in that deep of a hole ever again gives you new gazelle intensity to move forward to the next steps!

We’re Debt Free!


As of September 28, 2016, we became debt free and are now BS3ers!

We’ve had student loan debt since 1993 and threw in significant credit card debt in the early 2000s, probably all together amounting to well over $180,000 (i.e. Payday Loans in Florida). We ramped up on Dave Ramsey beginning in March 2015 and dedicated everything we had to first and foremost getting out of debt. This year, we paid $52,800 towards our debt, largely due to spending below what the government identifies as the poverty line by a family of four.

I won’t receive my next paycheck until Friday Oct 12, so we haven’t yet tasted that sweet, sweet snowball going into our pocket instead of our servitude creditors.

Through the BS2 process, we learn about ourselves and how to improve our life together as a family. A best part about the BS2 process is what we learned about family finances and budgeting and how to use that to maximize the snowball as a way towards financial freedom. We will be using that budgeting system the rest of our lives and we are teaching it to our kids.

If you are reading this and are struggling on BS2, hang in there and keep pushing forward. If you work hard at getting out of debt, it can be done!

I have been looking for the original email to reply to on this topic but can’t find it or erased it


My daughter had a savings account since birth. When she was very little, I would make it my business to take her to the bank with me to make a deposit into her passbook savings account on a regular basis. She went to a private school for elementary and every year the school and the bank where she already had an account would give the children a savings account and sponsor a field trip to the bank to see the vault, to see how banking worked etc.

I also made it my business for her to see how money management worked from an early age. She liked to go to the mail box – so that was her job. She would open the mail, learn to recognize bills, and watch her dad or I pay the bills, then she went to writing out the checks, reconciling the ledger etc. In middle school she received her own checking account, this was right around the time ATM cards were turning to debit cards so she went with that process as well. For a long time the only check she wrote on her checking account was her tithe check. She could purchase a few things with her debit card and she would reconcile her account, because she learned from doing the business bills, and our personal accounts. For a long time, I just signed checks, never wrote them out, and spot checked her balancing of my checking account.

Now that she’s in college…. oops in high school she started a job, so with that came direct deposit into her checking account. Something happened, I can’t remember what, that caused her to overdraft and I thought the child had injured herself. She called hysterical and when I finally was able to understand what was wrong, her checking account was minus a substantial sum. Turned out she didn’t subtract something properly and I bailed her out – 1 time and 1 time only! She was so hurt from her error, I doubt I’ll have to do it again.

Now that she’s in college, she pays her own tuition with her debit card, (her father and I do deposit in her account for assistance with tuition only). She buys her own books, and incidentals. If I can only get her to go the grocery store instead of shopping in my refrigerator (see my recent pic on facebook), it would be better for me.

Our credit union


wouldn’t let the girls convert the savings accounts to checking until they had turned 18. They said it was a legal issue, I didn’t argue the point because I wanted them to get used to budgeting and saving.

The 3 oldest got the checking portion done not long after they turned 18…they still have me on the accounts–they feel they need the safety of mommy being there, in case of emergency–I don’t even look at their stuff. The youngest only has savings.

They budget their money well. The youngest is the only one without a steady income, but when she does work, they pay well.

The sooner the better


Our pastor gets his kids a debit card when they enter middle school. They have to pay for everything at that point. Clothes, movies, activies, sports, field trips etc.. Some money is put into the account for things like clothes, but mostly they kids have to work to earn the money. I waited until my son was a senior I wish I hadn’t. He struggles with managing things and he’s a college sophomore.

My kids had a paper route when they were 12 and have had accounts and debit cards since that time


Generally we teach them to donate 10% and then split the balance of their cheque 20-80. 20% is blow money and 80% is for education – or home down payment – or wedding (big life items).
My eldest has put herself through University (currently in 3rd year) and has the money in the bank for her 4th year already.
Our middle child just bounced her first cheque at 18 and was a mess for days. She had the money, just moved too much into savings not realizing that cheques do no come in and out in a week necessarily. Ahhh life lessons. Our youngest is very frugal and only had a paper route and babysitting jobs to date. Her Dad is taking her out today to apply at KFC, McD’s and a few other places. She is 16 but looks like she is 8 years old so I think it will be a challenge for her to get a job since she can barely see over the counters of most places. I have no idea how she is going to manage driving but she has been great with a chequing and debit card.

When should a teen get a debit card/checking account?


My son is 15 and a sophomore in HS. He gets $10 a week for spending money. Right now, it is in a kid’s account in ING (CO360) and I control it. If he wants to buy something, I use my debit card to purchase it, then transfer the money out of his account to checking.

He also has a savings account at the local CU that switched to a checking account when he turned 14. He has never used it as a checking account, but I’m thinking that it might be time to start depositing his allowance into this checking account and letting him manage his money. He would also have to budget for his cell phone/texting plan, which is $15/month and if he showed he is doing ok with it, we could start putting clothes money in there too.

I anticipate that he will be looking for a job when he turns 16, so I’d like him to kind of get a handle on it before then. My husband doesn’t think it’s a good idea because our kid is pretty irresponsible! I can’t argue with that!