Financial Preparedness: Step 4: Pay Off The House!
02/03/2011 • Well here we are at Step 4 of our Total Money Makeover. (If you missed the previous steps, you can find them here: Step 1; Step 2; and Step 3). So far we have built a small emergency fund, attacked our debt with the debt snowball, and then built our larger 3 to 6 month emergency fund as well. Now it is time for Step 4: Pay Off The House! This step in my total money makeover, is where I deviate from Dave Ramsey in his steps to a total money makeover. If we were following his steps exactly, this part more
Financial Preparedness: Step 2: The Debt Snowball
11/18/2010 • Okay, considering the current state of affairs with our economy and the world, I don't want to drag my feet in getting through the Dave Ramsey steps to financial freedom. We've already covered Step 1: Getting an Emergency Fund, and hopefully you've had a chance to work on that and get that done. So let's move on to the next step... GETTING OUT OF DEBT! (Wahoo!!) Step 2: Paying Off All Debt Using The Debt Snowball Here's how it works. Start off by listing every single debt you have (excluding your house) in order of smallest balance to largest balance. Cars, credit cards, more
Financial Preparedness: Step 1: Emergency Fund
10/21/2010 • Alright, ladies and gentlefolks. It is time! Time to jump into the steps to FINANCIAL FREEDOM!! As promised, we are going to start breaking down the steps laid out by Dave Ramsey, in his book 'The Total Money Makeover'. Again, if you haven't had a chance to read his book, go. check. it. out. from your library! I will not be able to do the book justice as I lay these steps out, but I want to at least help reinforce his plan in any way I can. So are you ready to do this? Are you ready to take more
