Growing up….Ramsey Style

March 12, 2014 sweetpea2200
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For a long time, I wanted to make more money, “To buy things, I cannot afford, to impress people, I do not like,” like Dave Ramsey says.  Now, I want to make more money to pay off my debt and save.  I started Dave Ramsey get out of debt plan last month, and my kids started Dave Ramsey’s Junior Financial Peace.   I am currently on baby step 1, saving a 1,000 dollar emergency fund.  I decided for my situation 2,000 would be better so I am working on that.  I have my debt snowball plan, with my current income it can be paid off in seven years, but I am praying about, what I can do to increase my income with the smallest out-of-pocket expense that allows me the freedom to be at home with my kids as much as possible.  I am super excited, I plan to have all my non-student loan debt paid off by the end of the year, and then hopefully, have the student loans paid off within the next four years.  I am so excited, I just want to tell everyone to jump on board with Dave Ramsey’s financial freedom plan.

Now, if you are not a Dave Ramsey fan, just keep listening, because at first he just annoyed me. Probably, because I know I could do so much better and have nothing to show for all that debt.  And, I thought he was kinda mean, but then I started listening to his testimony and it is powerful.  He says, he was stupid with six digits on the end of it, but what he said that ultimate turned the light on was: If you owned a corporation called Me Incorporated would you fired you for the way you are handling the company money, and it is not your money but God’s (you are His manager, just like our children are only on loan).   The light was are low then I heard the first comment, then flipped on bright after the second comment in both my financial walk and my mom walk (but that is another post).

Now, the hard part sticking to the budget and being patient because like usually I want to hurry up and be on baby step 7, but that will come and what an amazingly beautiful learning experience it is going to be. 

 

 

Baby Steps 

1. $1,000 In An Emergency Fund
2. Pay Off All Debt With The Debt Snowball
3. 3 To 6 Months Expenses In Savings
4. Invest 15% Of Income Into Roth IRAs And Pre-Tax Retirement Plans
5. College Funding
6. Pay Off Your Home Early
7. Build Wealth And Give!

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Entry Filed under: Faith,Family,Family Finances,Health,Home Business,Home Businesses,Kids,Life,Stess,Uncategorized

4 Comments Add your own

  • 1. lardavbern  |  May 14, 2014 at 7:14 AM

    I heard he and his daughter have a book out. Are you familiar with it? Anyway, he strikes me as very practical.

    • 2. sweetpea2200  |  May 14, 2014 at 7:14 PM

      Yes, Smart Money, Smart Kids, I have mixed feeling. I have not read it but I do not see how his daughter can give parenting advise without being a parent. But, I heard recently that her voice in the book is growing up as a Ramsey, so I am thinking about reading it.

  • 3. Darleen  |  July 13, 2014 at 6:58 AM

    Hi, I bought Total Money Makeover in April 2014 and I am still on getting Baby Step 1.. It’s slow but suppose that is why he calls it ‘Baby Steps’.. I really love his book and way talks on his radio.. I listen via YouTube.. I do get discourage now and then but I think that at the end it will be all worth the effort to be debt free.. Thanks for your post..

    • 4. sweetpea2200  |  July 13, 2014 at 9:41 AM

      Yes, I believe will be worth it too. 🙂


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