I was so excited when I opened up my Google Reader and saw that Simple Mom was posting about Dave Ramsey's book. Josh and I started reading Dave's Total Money Makeover book on Jan. 1, and we've already read about 120 pages!
We're in...starting Feb. 1. I'm so excited! The good part is that we're not into crazy debt, the bad part is that we only have 1 salary to work with. I get a little on the side here and there with my business, but I'm by no means even close to being a "bread-winner". I'm more like a crumb-dropper.
Anyway, realistically, we're thinking probably 15 years of being completely debt free (mortgage included!). How great would that be?!!!
Anyway, Baby Step #1 is to save $1,000 in a fairly quick manner to get the emergency fund rolling. We have $5 already (that was just for my hubby!).
Simple Mom is going through Dave's Baby Steps on her blog here at the beginning of the year! Read more here if you're interested in joining us!
5 comments:
how exciting!!! what a great start to a new year and you will be great at sticking to the plan!!!
I am happy to hear that you have $5. Gotta start somewhere! :) Good luck with your plan!
Good for you for starting!! We have listened to/followed Dave Ramsey (and Larry Burkett with Crown) for many years and were able to get and stay debt free on one income. It's a huge blessing and so is getting to the more advanced steps. You can do it!!
The #1 thing I would recommend is having (and sticking to!) a budget!! There are some great budget guidelines here to get you started if you want to try it: http://crown.org/Tools/Calculators/Budgeting_SpendingPlan.asp?frmIncome=53520&frmTithe=0&frmTax=0&selection=1&Submit2=Calculate+Budget#more
I also did a saving money series that ran for 10 days on my old blog if you are interested. You can read it here: http://happygomommy.typepad.com/happy_go_mommy/saving-smart-series/
We started Dave's Financial Peace University last year. It has been great!
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