It is time to get this Debt reduction rolling. I have read Dave Ramsey’s “Total Money Makeover” a while back and plan to read it again this weekend. I was on his website yesterday www.daveramsey.com and checked out the Baby Steps he listed. Baby Step #1 is to have $1,000 in an Emergency Fund. Last paycheck I started putting $100 into our Savings acct each paycheck. I will transfer $100 today into that acct. In 2 months we will be up to the $1,000. Then I will be able to check that one off.
Altho I have not finished Baby Step #1, I had started Baby Step #2 last month. Pay off all debt using the Debt Snowball. I listed all our debts (:-( way to much). I picked the smallest, which is also the one with the highest interest rate, for our #1 priority. I am going to pay the minimum due on the others. I am going to pay the minimum on #1 plus $150 until that debt is paid off. It might take what feels like forever but going to do it. Took our credit cards and hid them. No more is going onto them!!!!
2 Economizing tips I am doing –
1. I wash and reuse plastic sandwich and gallon size bags. I don’t reuse those that have had meat in them but the others, I use again. My kids have given me a hard time about doing this but I continue.
2. I buy generic or store brands whenever possible.
So I am set for the moment. I know what I am going to do and will do it.
Until next time, adios.
Another reminder of my why:
Altho I have not finished Baby Step #1, I had started Baby Step #2 last month. Pay off all debt using the Debt Snowball. I listed all our debts (:-( way to much). I picked the smallest, which is also the one with the highest interest rate, for our #1 priority. I am going to pay the minimum due on the others. I am going to pay the minimum on #1 plus $150 until that debt is paid off. It might take what feels like forever but going to do it. Took our credit cards and hid them. No more is going onto them!!!!
2 Economizing tips I am doing –
1. I wash and reuse plastic sandwich and gallon size bags. I don’t reuse those that have had meat in them but the others, I use again. My kids have given me a hard time about doing this but I continue.
2. I buy generic or store brands whenever possible.
So I am set for the moment. I know what I am going to do and will do it.
Until next time, adios.
Another reminder of my why:
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