I've been a fan of Dave Ramsey for a while. He's spoken at our church several times and I'm sure some of y'all know he does a radio show. We even started to follow his money makeover program a while back - remember I mentioned his cash envelope system? We did great for a while, but just weren't disciplined enough and eventually fell off the wagon. Ohhh, but girls, we are BACK on it! The Live event was so over-the-top motivating and we are going hard core to get debt free. That's his whole thing - to live debt free and build wealth.
We joined one of his Financial Peace University classes that meets once a week. Our first class was Sunday - yeah, we didn't waste any time. All I can say is we are pumped! He is still on tour and if he's coming to a city near you, I highly, highly recommend checking it out! Yes, it's a long afternoon - but it FLIES by. He's hilarious and so entertaining. Even if you have little or no debt, you can learn so much from him. All he teaches is common sense, but it's just very different from what we hear everyday in this society of consumerism.
His money makeover is a series of baby steps. We're making some quick decisions and working fast through Baby Step #1 - which is to put $1,000 in an emergency fund. He wants you to get #1 done fast - in a month or less - so you can quickly move on to Baby Step #2, the debt snowball. That's the biggie - where you attack your consumer debt. It is really cool how it works, so I'll let y'all know once we hit step #2 and give updates on our progress!
The first big step of our own we took this weekend... we did a little "plastic surgery," as Dave calls it...
Bye bye, credit cards! Weeeeeeeee!!!
We learned so much, but one of the best principles we learned this weekend was ordering our money...
3. Pay bills.
Wow - and all this time it's been... 1. Pay bills, and if there's anything left we'll give and save. And the amazing thing was that the sermon at church on Sunday totally reinforced this. Coincidence? It was really the sermon that drove home the idea of giving first. Our pastor literally echoed Dave and said: Give, Save, Live on the rest. OK I get it! God doesn't need our money, but throughout the Bible it says that wherever your money is, that too is where your heart is. By unclenching our fist around our money and giving it to God, we're trusting in him. And dude, God knows his stuffs - so this sounds like a plan. So anyway, yesterday I called the church and increased our giving to 10%. Anyone looking at our budget would think we're insane for doing that... but we did it! It was scary at first... but I'm excited about it. And it comes out automatically from our account - that's probably a good thing! Otherwise it could mysteriously turn into a pair of new shoes! A really good pair of shoes too.... damn. ;-)
OK girlz, enough money talk. Just wanted y'all to know where we were at the moment. More fun topics to follow, pinky swear. Hope y'all are having a great week!