The other day my sisters and I were talking about the top 3 things we each talk about. They said mine were:
- My boys (obvi)
- Dave Ramsey
That last one is embarrassing but totally true. For those of you thinking, “Who??” click here and here. After taking Financial Peace University at our church and Dustin even leading some FPU small groups, we decided it was time to actually implement the plan. As in make a budget and STICK to it. As in pay off debt. As in follow a plan. So last November, D and I sat down and did our first zero-based budget on paper. We cashed out some of our paycheck for the envelope system and started paying cash for groceries, restaurants, and clothing. We stopped using our credit cards. We got focused on our debt snowball which looked a little like this:
Dustin’s school loans
I’m thrilled to say we have been following the Dave Ramsey plan for a year now and have paid off
We are not done yet but we have paid off everything except the medical bills. So now the debt snowball looks more like this:
Dustin’s school loans
Yay! Setting up a budget in the past totally sucked for me because I could never stick to it. The main problem was that I wasn’t being realistic with how much I actually needed in each category. I also never thought about things like car repairs, dentist bills, pharmacy costs, etc. so when it was time to pay those it would totally ruin my budget. D was awesome because he made me look at all those things I never planned for and budget for them each month. I found that budgeting doesn’t mean you are confined to never spending money, it just means you have a PLAN for your money. You know where it’s going instead of wondering where it went. I don’t feel guilty anymore if I spend money since we already budgeted for it. How freeing!
Now twice a month, D and I sit down and do the budget together. We still use our cash envelopes and document every other purchase. We never really fought about money before but living on a plan we both have agreed to has helped us set goals and dream together. We love the Dave Ramsey plan not just because it works but because it’s based on what the Bible says about money. We are both excited for financial freedom but right now we are focused on getting to that next baby step.
I know this topic has nothing to do with design, art, or decor but I just wanted to share our experience and encourage others that they can do it too! And if any of you have experience with this, I want to hear your stories!
We are wrapping up our FPU small group on Sunday night. We somehow didn’t plan our budget at the beginning of this month and I have felt so lost with our money. We get paid again this Friday and I can’t wait to budget everything out for the rest of the month. Dave talked about giving and giving in our last class and I cannot wait to get to that point! Sounds so exciting!
We love the Dave Ramsey plan! We went through FPU our first year of marriage and it has made a huge difference. We paid of all my husband’s school loans and started saving towards retirement (which, let’s be real, we never would have started doing otherwise). Having a budget keeps us from fighting about money! I think that is the number one benefit. We are on the same page about where money is going and make better choices. Glad to find another fan!
I love hearing stories of people succeeding with Dave’s plan! My husband and I did the plan 8 or 9 years ago, and it changed out lives. We’ve been able to buy 2 cars outright (it feels wonderful to say “Nothing!” when people ask what your car payment is), and having our emergency plan in place means we don’t have to panic as quickly since my husband lost his job. Congratulations, and keep up the good work!
I am attending the class for the 2nd time around…this time with my husband 🙂 and also my sisters and their husbands. I LOVE dave ramsey’s baby steps I just wish I was better about actually following them :/ I’m going to keep trying to plug away at it though! congratulations to you guys for making it this far!!
It’s inspiring to read that you’ve paid off that much debt. I wouldn’t say this many other places, but we’re at about double that right now, and we’ve been “following” Dave Ramsey without actually STICKING to it. We buckled down and talked just a few nights ago about *really* doing the envelope system and sticking to it because we owe it to ourselves, our kids. I hope next year at this time I can say we’ve paid off that much, too! 🙂 Way to go!
You guys!! I love hearing your stories and experience with this!
Becca – Isn’t it funny when you can’t wait to budget again? Haha I totally get it!
Bethany – Awesome job!! And I totally agree on the marriage front – being on the same page is priceless!
Sarah – Thank you and wow good for you guys! I can’t wait to pay for a car with ONLY cash 🙂
Tammy – How fun to make it a family affair!
Laura – You can do it! I stay inspired by listening to the radio program and budgeting for some fun things along the way too. Persevere and before you know it, a year will have gone by, like it did for us! Good luck 🙂
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