The Debt Free Mom: Day 100

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!

Wednesday, June 3, 2009

Day 100

My first Giveaway on Day 100...

Is Dave Ramsey's book The Total Money Makeover. This is the book my husband and I both read and listened to that completely changed the way we viewed our finances.

We are very grateful to my Dad who sent us the C.D. version of the book....thanks Dad

If you would like to win a copy of this book leave a comment or email me and leave your email address. I will contact the winner on 6-10-09 by email and ship the book to you! You may enter until 6-9-09.

Yea for day 100!!!

4 comments:

eurekan at heartJune 3, 2009 at 8:46 AM
I'm so interested in this book. I'm in on the contest!
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ChristieJune 3, 2009 at 2:35 PM
I love your blog! I have started doing some of the things you do, like the garage sale to ebay with great results!
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MomOhrtJune 3, 2009 at 7:33 PM
Please put my name in the hat for this book. Thanks,
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AnonymousJune 4, 2009 at 6:37 PM
I love your blog! You have gotten me so excited about saving money! My husband can hardly tell the differences except for the fact that our account keeps going up and our debt is going down.
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