My goals are to pay off our debt to free up our income, so we can save. I have two saving goals I am gaselle intense about right now. Saving for a trip to Disney in April 2015, and saving up to buy a home!
I am following the Financial Peace University steps to wealth.
Dave Ramsey says the very first thing you gotta do to get out of debt is.....
1. STOP BORROWING MONEY! sounds obvious right? for me this means I can NOT have access to any credit cards. So, I have to go to several websites that have our cards on file and delete them. :/
2.Next thing is too save $1,000 for a baby emergency fund. Dave Ramsey says this should take a month. Sell lots of stuff, do what you gotta do, get $1,000 in the bank, then don't touch it.
3. Debt Snowball. Start with the lowest debts and pay them off then add on those minimum payments to the next debt and so on.
4. SAVE SAVE SAVE
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