Random, Ramsey and Renting

I can’t seem to get to sleep tonight - probably a case of being too tired to sleep - so I figure I’d take a few minutes and blog, It’s been a while…

School’s winding down, thank goodness. Only one more meeting of my Monday night class (management) and three more for my Thursday night class (stats). Yeah, I go practically right up to Christmas, with the final on Dec 20. That kinda stinks. Tonight (last night now, technically) was the end of my really stressful period. We had a presentation and a notebook due, and since I’m still stuck in my undergrad mindset of thinking I can do it all at the last minute, I had to cram some things in. Now that those two assignments are over, the only thing I really have to worry about is the stats final. That shouldn’t be too bad, though, since we’re allowed a sheet of notes and only 25% is cumulative, the rest being on material covered the last three weeks of class. On a random side note, there is a girl in my management class that looks a lot like Alexis Bledel. ;-)

For several years now, I’ve been hearing about Dave Ramsey, but have never read his books or listened to his show. I never thought his message was one I needed to hear. I thought I was good with finances, having been taught well by my parents, who have set a great example for me. However, during my visit to the Staifers, we talked briefly about Dave and his ideas - and that pushed me the last inch to take a listen to what he had to say. So I downloaded some podcasts and wow - I’m nowhere close to where I could be or should be. He has some great food for thought and I’m very anxious to finish shoring up my finances so I can “like no one else.” He had his books and other merchandise on sale for cheap over Thanksgiving weekend, so I ordered a couple and I’m working through them now. Like Mark Driscoll, Dave Ramsey is blunt and doesn’t beat around the bush. It’s some really good stuff. Take a listen/read if you haven’t yet.

Hmm, what else? Oh, if you need to get expensive books for school, try renting them instead. For one of my classes this semester, I order from bookrenter.com. I rented a brand new book for $30, one which typically runs for $100+ on Amazon, and probably more at the school bookstore. You can pick how long you want to rent it, paying less for shorter periods, so in the case of my half semester classes, it’s quite deal. This is only worth it, though, if you don’t want the hassle of selling the book back you’re done with it. Obviously, in most cases, renting is less expensive than buying then selling the book back to the school bookstore. However, if you don’t mind shopping for a deal on the internet, then selling it at near the buying cost, renting is probably not the way to go. I didn’t want to deal with the hassle of trying to find a buyer for this book, especially this time of year, so renting was the perfect choice for me.

Bracketology101 released their lasted college basketball bracket today - and guess who isn’t in the field of 64? Yeah, UK was left out. Not that I can argue against it, given the lousy start to the season so far, but there is still more than enough time to turn the ship around. There are many tough games against strong teams on the schedule, so they better get business done with the teams they should beat or it’s going to be a looong season.

I’m still not tired, but I should try to get some sleep. I’ll leave you with some Christmas songs. Stay warm and safe out there!

Kutless - It Came Upon A Midnight Clear

Hootie and the Blowfish - The Christmas Song

Barenaked Ladies - God Rest Ye Merry Gentlemen

Relient K - 12 Days of Christmas

Relient K - Have Yourself a Merry Little Christmas

6 Responses to “Random, Ramsey and Renting”

  1. I don’t follow Ramsey to a T, but I trust a lot of what he says and it makes a lot of sense. They offer “Financial Peace University” classes at various places (sometimes churches put it on), but I’ve never been to one. Check out Total Money Makeover for his principles interlaced with lots of people’s personal stories with debt and wealth - or get the Financial Peace book for the same principles without as many stories. :-)

    Among our areas where we have veered off of Dave are: we have a 30-year mortgage, not a 15-year (but still fixed); we are not paying our student loans off like we would normal consumer debt; we do not use an envelope system; we have some credit cards, which we rarely use, except for Ashlee using store credit cards (which she usually pays off with a check, on the spot).

    I think that Dave gives handles for people without finance backgrounds to really be able to spend and plan wisely, and assess where they are financially. I dig it!

  2. Yeah, like you, I’m not following Ramsey to a T, either. I’m working through The Total Money Makeover and Financial Peace Revisited is the other book I got. I don’t think I’ll do the envelope system and I’m hesitant to use my debit card for online purchases and paying at the pump, so I’ll stick to the credit card for those for the time being, but do pay them off monthly (which I’m going to bump up to immediately now). I’ll generally follow his “baby steps” though, and I’ve seen several other systems/methods that are more or less similar, so that provides some support for this methodology. What I really like is the knowledge I’m gaining about real estate and retirement. It feels good to be more “in the know” about those things - and knowing is half the battle ;-)
  3. You were always a sucker for the Gilmore Girls, lol.

    Dave Ramsey is great, used to listen to him on the radio but can’t find his broadcast now. I like how he references the bible and God on the matters of finance. Now if I could only put to work some of his practices, it would help. But personally I think he is one of the best at common sense financial practices. I like how he says that he has a zero credit score but he is a multi millionare who would have a hard time getting a loan based on credit score, funny stuff.

  4. That is funny about the credit score. That was another one of those things that I didn’t know (your credit score decreases over time if you don’t continually have credit and pay it off monthly) and was good to learn.

    For this in the Cincy area, Dave’s show is on:
    96.5 FM WFTK
    1-4pm EST
    http://www.supertalkfm965.com

  5. Chris,

    Basically all I use is a debit card - but it’s a Visa, so it’s treated like a credit card. And when I use it, I choose credit - so it has Visa’s fraud protection, just like if it had been a “normal” credit card.

    Sean,
    You can get one hour of his show as a Podcast. Search on iTunes or just go to daveramsey.com; you should be able to find it there.

  6. I do the same with my debit card. Choosing credit also avoids POS (point-of-sale) transaction fees that are sometimes assessed when it’s used as a debit card.

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