How do I start?

Are you considering starting your own debt free journey?

Keep reading!

Since many of you have expressed interest, I thought I would go into more detail on the steps you can take to become debt free. Maybe you have felt the struggle of making payments, and you’ve become really tired. Your tired of bills, tired of not getting ahead, and tired of working for “nothing”.

When you reach this point, that my friend, is when you have to make a decision. Do you want to continue living this way? Will you be happy in 10, 15, or 20 years down the road if nothing changes? If the answer is no, then you’re ready.  The very first step is drawing a line.  Committing yourself whole heartedly to not borrowing money, for anything, ever again.

The concept really sounds crazy at first, but it can be done. Millions of people have followed Dave’s program, and other similar programs and became debt free.  No matter the situation, it isn’t going to get better if you allow yourself to keep using those credit cards. So cut those suckers up, or put them in the freezer, in a bag of water.

If you have gotten this far, great! Now we are ready for the real baby step 1.  In Dave Ramsey’s program he lays out basic baby steps to follow. They are simple, and to the point.

Baby step 1 is saving 1000.00 for your emergency fund. This fund is to be in savings or cash in your house, to be used in true emergencies ( a flat tire, medical emergency, or preventing foreclosure, etc.).  This fund is not to be used when you need new shoes, or you want to go out to eat.

Dave recommends that if you have more savings than 1000.00 (in a checking or savings account) you should use all but 1000.00 to get  your debt paid down, then you will increase your savings again during baby step 3. This does not apply to retirement savings, do not cash out your retirement to pay off debt.

Stay tuned, Monday we will go over baby step 2 in detail.  Hit the follow button so you don’t miss it! If you have questions, please, feel free to get in touch with me via Facebook or the blog! Happy saving!