This week has been great and now we are in full swing of our financial Peace. We had to stop by the grocery store last night and I wanted a few extra’s not on our list when Randy said “what would Dave say?” We laughed, but knew we have to stick with the our plan if we truly would like to be debt free.
- $1000 in Emergency fund √ – we now have our emergency fund. When you have an emergency fund you have the security knowing if something breaks down you can take care of it and not use a charge card.
- Debt snowball- This paycheck we are paying off our son’s cello and Kohl’s =$188.52
Use cash– Did you ever notice when you use cash you think a little more about your purchase. I usually buy less when paying with cash because I don’t want to go over my amount – saving embarrassment at the checkout. Now that most of use debit cards we are spending more. In our class it was stated McDonald’s is taking debit and credit and their average bill has went up from just over $4 to $9. Smart thinking on McDonald’s part, but now people charge their dollar meals. Something has to change!
My parents had their own business when I was a kid and the income wasn’t always steady. My mom had an envelope system, she would stick cash for bills and when they came due she would have the money. I asked her, how did you not use it for other things? she said “I just didn’t” My mom always found a way for her family… she still does. Randy and I are also starting to use the envelope system.
Randy said yesterday it is funny now that we have a plan he doesn’t want to spend except for debt reduction and he wishes he would have listen to me sooner. The thing I am realizing about Dave Ramsey is he is teaching me things I know or have seen before, but just never put into practice. What was I thinking? I guess I wasn’t, but now I am!
God’s blessings on you day, Candy