Also, CardStore.com has a GREAT deal going on. Use coupon code THANKS4U to get 75% off your order through the 11th of December. Above are the cards we ordered. Isn’t my daughter the cutest
I wanted to let everyone know about this sale going on! My husband and I have gone to his live seminar, and we loved it! We have elimanated most of our debt (all we have left is one student loan and the house). We followed the plan and it worked for us. Even if you do not follow the plan exact, there is still alot of good advice in these books that will stay with you. Click here to check out his $10 sale! Below is a picture of me on stage at Dave Ramsey Live!
This was an article I wrote for another blog. I will be updating on my journey also!
There are many ways to go about a budget. When we sat down to do ours, we listed all of our debts (credit cards, house, student loans, personal loans, etc). Needless to say, adding it all up was very shocking. After we got everything together, we sat down and made a list of our debts, with the smallest item at the bottom and worked our way up.
The best way to go about this is to pay off the smallest debt ASAP. When that is paid off, apply the payment you were making to that one to the next smallest debt. Same applies when that one is paid off. Working your way up and only paying extra on your smallest debt will show results quicker and keep you motivated.
A good way for your money to work for you is coupons. And if you are reading this article, you probably already know that. When you do a budget, put any of the saved money toward your targeted debt. For example, if you budget $300/month for food and only spend $225 (because you are good and used coupons and got great deals) then the savings can be put to something else. This way, you make your money work for you, and coupons are a great way to make it work for you even more. You will be surprised at how quickly you can pay things off when you take the money you saved from coupons and apply it elsewhere.
When working to pay off a targeted debt, it might take a number of months to get it paid off. While making the final payment on a debt is really motivating to work on the next one, we need to find ways to stay motivated when working toward the final payment of the targeted debt. At our house, we have a goal to return to Disney World, where my husband and I spent our honeymoon. We have started to use “Hidden Mickeys” in certain places to help us keep our eyes on the prize.
One thing that we have done is to get two of the Disney paint sample cards from Home Depot (no coupon needed, they are free). We then taped them together and use them as a case to hold a debit card or cash. Another variation of this is to simply put a little Mickey Mouse sticker on your debit card. When we are in the store considering an un-budgeted purchase or thinking about going out to eat, we see the Mickey reminder when we pull out our money and remember that we are working towards a goal. Then we truly think about the purchases we are about to make — “Do I really need this, or can I put this back and use the money towards getting out of debt”.
One last thing I like is that I have a keychain with a picture of my husband and myself at Disney World from our honeymoon. That right there helps keep me motivated.
Your end goal may not be a Disney trip, but find something to gently remind you that you are saving money and paying off debts for a purpose.
Remember, couponing can help to get you out of debt, but only if you stop going further into it. Quit using credit cards and other loans for purchases. For more information on an entire debt solution, I recommend reading Total Money Makeover by Dave Ramsey. The idea of paying off the smallest debt that I mentioned before comes right out of this book and there are many other great ideas in it as well.