![]() ![]() It took use almost six months to get current on our bills, organize our finances, and stick to the budget. I totally believe there is a bit of a preparation mode to Dave Ramsey’s Baby Step Plan. What are Dave Ramsey’s 7 Baby Steps? Dave Ramsey Baby Step Zero! ![]() It doesn’t matter if you make $40,000 or $400,000 a year…Dave Ramsey’s 7 Baby Steps will work for you. Yes, you’re going to work your off, and it won’t be easy, but it will be soooo worth it. I started blogging about our debt free journey, because I wish to inspire the hopeless (me a few months ago!) If you don’t think you can do it… we need to hang out! Yes, we will be here a while…join us will you?! We are in baby step 2 which is PAY OFF ALL DEBT. Related: How to Cut Down Expenses in the Family Budget We were finally on the same page about money, and even did drastic things like sell our cars, and move to a smaller house to allow us to become debt free even faster! We actually communicate and know exactly where our money will go each month. My husband and I went through Financial Peace University in January, and it completely changed the way we talk about money. Related Post: Best Personal Finance Books for Women You can take it online, or find an in person class near you. The next step would be to take Financial Peace University. ![]() If you have debt, or just struggle to understand basic personal finance, I would recommend you start by reading The Total Money Makeover.Īfter you read that, you will probably be crazy motivated. I immediately felt more in control and more at peace than ever. The funny thing is that once we actually knew the numbers, we were able to develop a plan. I didn’t want to add up all of our debt, because I was scared to know the truth. The easiest thing to do was to panic, worry, and allow myself to become completely consumed with hopelessness. Throw in a new, growing medical practice and Yikes. We knew we had a ridiculous amount of debt, mostly because of student loans. This ultimately will bring you to financial peace.When you are free from debt, you and your family have more money to use to save, build wealth, and give.He teaches very basic, common sense personal finance.If you have never heard of Dave Ramsey, I highly recommend you get on board. We had to live off of our savings, and sat around confused… yet again wondering why we had no money! When the overspending of our medical practice caught up with us, we suddenly couldn’t pay ourselves. The big issue of course, is that we get paid out of the business. Oops! We forgot to do a budget for the business! Our medical practice was still spending money like Congress ( as Dave would say). The only problem is that we also have a business. Related Post: How to Make a Budget for BeginnersĪfter a couple of months of sort of sticking to a budget, we felt like we got a huge raise! We had more money to throw at debt, and we really thought we would be able to start digging our way out of our money hole. This obviously left my husband frustrated, because he works all the time and is thinking, where the heck is our money?!Ībout a year ago, we realized we needed to do something, so we actually decided to “budget” our money better. Instead, I would just panic and yell, “OMG don’t spend any money for the next 4 days!” Related: How to Get Your Spouse on Board with the Budget I never asked my husband for help, or for his opinions, or thought that just maybe if we worked together, things would be better. My control freak self, would sit down and try to keep the bills, student loans, car payments, and groceries paid. Even though we were making money, we had no clue where it was going every month. We had absolutely no plan for the future. The kids had clothes and a nice Christmas. I now realize they were keeping our family crazy broke. These are a few things I used to tell myself. I can afford a car payment, a nice house, and I totally deserve those cute shoes I saw yesterday.Built with ConvertKit Are Dave Ramsey’s Baby Steps the Right Financial Plan for Large Debt? ![]()
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