Archive for the Money

Dave Ramsey’s Baby Steps

Dave Ramsey is quite the financial guru, and one of his biggest beliefs is his “baby steps” program- the steps he believes will lead you to financial freedom.  I like Dave Ramsey, and I believe he’s got some great ideas to help people become debt free and lead a financially stable life.  Here are the 7 baby steps: Dave Ramsey’s Baby Steps Baby Step 1: Save $1,000 in an emergency fund This is the first thing you do: you bypass paying off any debt and sell your crap to earn more money to become debt free. This $1,000 emergency fund is in place to help you not dig deeper into debt. During step 1, a lot of people choose to get a “Dave job” (such as babysitting, delivering pizzas, basically anything to bring in extra income) to help fund the emergency fund faster. Baby Step 2: Pay off all debt except the house Here’s where you get serious about debt and decide to make a plan to pay it all off. Dave Ramsey recommends starting a list of debts with […]

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2017 Goals

Setting goals is extremely helpful for me.  I have anxiety if I don’t have a plan set in stone, and by writing down exactly what I’d like for us to accomplish makes me feel better.  Last year I didn’t set goals, but I did in 2009, 2010, 2011, 2012, 2014, 2015. -Pay $8,000 down on the principal of our home.  We’re still in the same house we bought almost 10 years ago. That is crazy! I never thought we would be here that long.  I’m glad because my sister and her family now live next door! I can’t see us moving in the near future, although you never know.  We’re slowly chipping away at the mortgage, and that feels good! -Save money for college education/the future for kid(s).  I would love to help provide funds for a college education for our child(ren) and will do the best we can with saving now.  I also figure by the time our kid(s) start college, we’ll have the mortgage paid off hopefully and will be debt free so that we can cash flow […]

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