Budgeting Breakthru!

iVillage Member
Registered: 02-11-2008
Budgeting Breakthru!
Wed, 01-16-2013 - 9:58pm

I've talked to my SIL for many years about money, budgeting, finances. It always went in 1 ear and out the other. Well she finally took notice when she realized we (hubby and I) are sitting better financially than we ever have been...using the envelope system for 2 years now. 

I gave her Dave Ramsey's Total Money Makeover book. She's finally seeing the big picture! SIL and her hubby are in the mid 40s and have never had a budget. They barely have a retirement fund and even less of an emergency fund. If they do get money saved up their use it for who knows what. 

I'm happy to report SIL has finally written out a plan/budget! She has goals and timelines. I think she's realizing changes need to be made :)   I don't follow Dave Ramsey to the T. I like a lot of his ideas, but some ideas are insane and a bit extreme to me. It sounds like SIL is going to follow him according to the babysteps. 

So happy she finally had her "I get it now" moment! It's never to late!



iVillage Member
Registered: 12-31-2010
Fri, 01-18-2013 - 12:49pm
Everyone at their own pace, you can only go as fast as they let you. I see this with people every day and no, it is never too late. Good for you in continuing to follow the methods and do what is right for you, as you see, you do sleep better at night this way. -Marie
iVillage Member
Registered: 07-24-2001
Thu, 01-17-2013 - 4:12pm

I think this is GREAT!  Good for you for helping.

I've been helping my grown dd's friend with her budget for about a month now (reviewing it with her weekly).  It can be a lesson in frustration (oye!), but I remain detached and nonjudgemental.  All I can do is help her work through the math and set some goals.  She has to be the one to stick to the plans.

iVillage Member
Registered: 11-14-2008
Thu, 01-17-2013 - 11:55am

I love this. Helping others see the light confirms what you are doing and gives you a warm fuzzy! It gives you motivation to keep going with your goals and plans as well, or it does for me! Awesome!

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Thu, 01-17-2013 - 9:48am

Good for your SIL!  The mid-40s is not too late to change your financial life.  I didn't start on my debt journey until I was 42.  Eight years later I have paid off over $100K in debt, bought & paid for two new cars, paid for a total of 8 years of college for my two older kids, made massive home improvements, taken my family on five amazing vacations, and saved substantially for my retirement.  And I didn't do Dave Ramsey's or anyone else's program, either, though I'm all for anything that helps people get control of their lives. 

It *can* be done.