Is anyone on the Elizabeth Warren plan?

iVillage Member
Registered: 08-22-2008
Is anyone on the Elizabeth Warren plan?
25
Mon, 02-23-2009 - 4:15pm

I just got my book, figured out must-haves and what wants and savings should be.

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iVillage Member
Registered: 11-17-2007
Wed, 02-25-2009 - 12:47am

I have not came across any books for a single renter as of yet.

iVillage Member
Registered: 01-23-2007
Wed, 02-25-2009 - 6:35am

Thank you for this! I'm sure my must-haves are over 50%, but that's a great goal. It could then mean living on one income, if need be.

I plan to review my budget later with these percentages in mind. I do put 15% of my gross pay into savings and a smidge of my take-home pay. Is she talking about gross pay or take home with these figures?

Dee









iVillage Member
Registered: 08-22-2008
Wed, 02-25-2009 - 9:17am

Net pay-- after taxes and health insurance are taken out, but presumably before 401K as of course that would count towards the 20% savings.

iVillage Member
Registered: 08-04-2008
Wed, 02-25-2009 - 4:36pm

Where do CCs go?




iVillage Member
Registered: 08-22-2008
Wed, 02-25-2009 - 8:50pm
I believe not, they go under the 20 percent part-- you're asked to pay them off in drain-your-savings, take no prisoners, Dave Ramsey style.

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