I'm here to admit that I'm obsessed with Dave Ramsey.
I spend every night with him as sit up reading his book far past my bed time. I have done up a few budgets in the last 2 weeks and well I'm so excited for our future.
Have you ever listened to Dave? Or read is books? The way he tackles debt and our societies obsession with debt being the way we have to live fascinates me.
I have been MIA from blog land for several reasons but this one is huge.
We are gearing up to have our family be debt free besides our home by 2018. Now we don't plan to start our debt snowball until the beginning of next year because we have to tackle baby step #1 first.
Our debt is just something that is unacceptable at this point in our lives. We want to have another baby and remodel the house and have FUN! But with the way we are going those things seem impossible.
I mean 3 years is not that much time. Dave says on average it takes 18-28 months but we are going to take a little bit longer and that's OK. Or not because you see these are all just projections, and the faster you pay less interest yada yada.
Also I was always always always a new car kind of girl. Well not anymore. Once my Jeep is paid off it is used vehicles for this girl.
So what made me lose my mind and become obsessed? Well part of it was Erin from Love, Fun and Football. She had written openly and honestly about their debt and while I have been reading for quite sometime I always thought it wasn't for us. I had a million excuses, we have a baby, we have student loans, it's only 5 more years on that one loan why pay it off early. And then as we were in the troughs of this wedding and money was disappearing $5,$20 at a time and I saw our savings dipping more and more I panicked and decided to go back and read her entire debt story again.
Then I got on Dave Ramsey's website and I read a success story and holy cow they were just like us. That was it I knew we had to do this! I went home that day and dusted off my copy of Total Money Makeover and I read alllllll night.
So after hours of talking about it and really understanding what we have to do. Michael and I have taken the plunge into a Total Money Makeover. We have a budget and a plan and we know that we have to be accountable to each other which if your married is a huge piece to this puzzle.
Baby Step#1- Build an Emergency Fund of $1,000. We are hoping that this will be complete no later than December and then the first of the year we are onto
Baby Step#2- Debt snowball. I have listed all of our debt smallest to largest and we will start putting every extra dime we have on those loans and kiss them goodbye sooner rather than later.
Now I'm not an expert and I'm still just working my way through it for my personal situation.But if you want to chat about it I'm down because like I said I'm obsessed with getting out of debt!
Also not that this needs to be said but I'm not getting paid for this at all. Actually Dave Ramsey has no idea who I am but he will one day because I will be going and screaming WE ARE DEBT FREE!!!!!