The Debt Free Mom: Day 12 Prince of Peace

My Favorite Email!

I’m curious about how you learned to live debt free.

First I would recommend reading the book The Total Money Makeover by Dave Ramsey. It was a huge eye opener for both my husband and I.... It was the first wise financial decision we made....We had it in our shopping cart and were going to charge it to our credit card, we looked at each other and said this is crazy. We put the book back on the shelve and checked it out at the library :)

~The first thing we did was sit down together and add up how much debt we had. I thought we had around $20,000 but in reality we had $48,000.

~Saved $1000 Emergency Fund

~Then we payed our debt off smallest to largest no matter what the interest rate was

~We make a budget and put a name to every penny

~We use the envelope system....taking out cash for budget categories....that way we do not overspend....when the money is gone from the envelope we know we are done spending for that category

~Canceled Cable...don't miss it....still don't have it, have basic cell phone, basic home phone we cut back on anything and everything we could.

~Squeezed every penny out of the budget to throw on our debt

~My husband and I started communicating about money....that was huge for us.... now we are on the same page and were and are intense to make sure we honor God with our finances

~Coupons

~and most important lots of prayer

Wishing everyone the best of luck.....be intense....and tell every dollar where to go!

Thursday, March 5, 2009

Day 12 Prince of Peace

I listen to Dave Ramsey every chance I get. It has been one month since my husband was laid off from his job. Some days I find myself in a funk but after listening to one of his shows I am reminded of how grateful I am that we follow his advice. It is only because we followed his plan that we are in the position of having money saved and no debt. Click here and listen.

No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money. Matthew 6:24

Free yourself of debt and let your only master be the Prince of Peace. Debt is a burden to heavy to carry. Today is the day!

Looking for a deal? Check out these great places online for good prices and peer reviews!
http://www.froogle.com/ - Google’s search engine for hot deals!

http://www.pricegrabber.com/ - Comparison shopping from all over the web!

http://www.epinions.com/ - Great real-world product reviews and opinions.

http://www.ebay.com/ - You can find just what you need—in someone else’s attic!

from Dave Ramsey lesson 8 Financial Peace University

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Thursday, March 5, 2009

Day 12 Prince of Peace

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