Comments on: Should I Save For Retirement While In Debt?

By: Jason Scott

Jason Scott — Mon, 19 Dec 2011 16:31:16 +0000

I have always felt that is important to save regardless of financial situation, as hard as it may seem!

By: No Guarantor Loans

No Guarantor Loans — Tue, 06 Dec 2011 12:15:58 +0000

nice article for retire people who want to save their old life
you can save your money or invest on retirement plan that are provides by the difference company .

By: Chloe Holmes

Chloe Holmes — Sun, 21 Nov 2010 08:55:11 +0000

Never, ever do anything other than get rid of your debts first. How can you possibly save for retirement or for any other reason if you have outstanding debts that are costing you interest every month? It’s sheer madness. Pay your debts first and only when that has happened should you look at using your cash for anything else.

By: Scott Casey

Scott Casey — Mon, 14 Jun 2010 16:40:09 +0000

My parents always saved hard whatever their debt situation. They said their money works harder for them whiles it’s not in their creditors pockets!

By: C.H.

C.H. — Fri, 26 Feb 2010 02:23:11 +0000

100% rate of return is hard to beat. Get the match and formulate a plan to pay down the debt and stick to it.

By: Daddy Paul

Daddy Paul — Sat, 13 Feb 2010 15:42:17 +0000

I must say this about Dave Ramsay. I do not agree with all of his principals but my wife and I went to one of his seminars 10 years ago or so. What was great from it is that my wife and I started working together on money not pulling against one another. I will tell you this. I consider my wife and I working together priceless.

By: Jan

Jan — Sat, 13 Feb 2010 12:49:53 +0000

Yikes! Stacie, there seems to be such anger in you toward Dave Ramsey and I’m not quite sure why. All I can tell you is that 3 yrs ago, I never heard of Dave Ramsey. A week before we were to sign on a home equity loan, I was serendipitously loaned his book, “Total Money Makeover”. My husband and I had never been huge spenders and we never bought into the bigger and better purchase mentality, but due to unforeseen circumstances, we ended up with unexpected credit card debt and bunches of school loans for our kids, plus cars, plus medical bills. After almost three years, we are at the point of deciding whether or not to pay off our mortgage. That’s pretty cool, you know? What DR did for us was give us a plan and a budget. No one had ever taught us how to create a budget and, despite not being big spenders, the budget we had wasn’t working for us. We’d been married 24 years at the time and I so wished someone had given us this guidance in the early years of our marriage. If DR doesn’t work for you, then move on, but please don’t discourage others from trying it. It may be the only starting point they have. In my experience in the last 3 yrs of helping lots and lots of people plan budgets, I would say MOST people don’t have a starting point and are so overwhelmed they can’t figure out how to begin. Dave Ramsey works perfectly for anyone who wants to get serious about getting rid of debt.

I will also say, Stacie, that I don’t think you’ve researched Dave very well. If you had, you would know that he is an incredibly generous individual. He also RECOMMENDS people borrow his book rather than buy it. As we all know, just because someone has a product to sell doesn’t mean one has to buy it. That’s what got people into this mess to begin with.

Last word–you lost any respect I might have for your opinion when you corrected someone’s spelling. Totally unnecessary and in-your-face action which says more about you than him.

By: –› Credit Terrorist or Twisted Genius?

–› Credit Terrorist or Twisted Genius? — Thu, 04 Feb 2010 13:28:45 +0000

[...] Should I Save For Retirement While In Debt? [...]

By: Chase

Chase — Tue, 02 Feb 2010 00:52:09 +0000

I like to think of Dave Ramsey as a “one size fits all” solution. While the debt snowball works, if you do your homework – like you have done – you see that with discipline you can do a whole lot better.

Just make sure you are paying more than your minimum payments, or else you might be giving a lot of that earned investment back in the form or interest to the credit card companies.

By: Stacie

Stacie — Mon, 01 Feb 2010 19:51:02 +0000

Cnick – I haven’t borrowed until I am blue in the face. I have a good history with money and I don’t understand why anybody would think that you can work as long as you are breathing. Please, have you not heard of any illness that incapacitates one? What if I were to be diagnosed with MS or have stroke. You must plan for the worst and hope for the best health wise. It is not a given that you will be healthy until your dying breath – unless of course you plan on getting hit by a bus. Oh, and it is waste not waist.