• hefty244

    The Who, Why, What and How of Budgeting 

    by
    hefty244
    Published on 12-07-2015 03:10 PM
    1. Categories:
    2. Budgeting

    Creating a budget can lead to a lot of emotions: fear, frustration, anger, guilt, anxiety; but it can also lead to calm and contentment. A written budget tells your money what to do for you. This control over your income and outgo, is the key to achieving financial peace.

    Who:
    Every adult family member needs to be involved in the budget process, whether they contribute an income or not. It’s important that each person’s voice be heard and their vote count. One ...
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    Expanded Baby Steps 

    by
    hefty244
    Published on 11-30-2015 02:30 PM

    While Dave Ramsey’s Seven Baby Steps have formed the map to financial freedom for many, the members of the forums have used their experience to expand the basic steps into ‘turn-by-turn’ directions.

    0.1: Commit to never borrowing money ever again, other than possibly a house.
    Getting out of debt and remaining debt free is the underpinning of Dave Ramsey’s plan for financial peace. That begins with a commitment to never borrowing money. Dave does make an exception for mortgages that fit certain criteria.
    0.2: Talk with spouse and get him/her on the same page as you concerning finances.
    It is possible to ...
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    Dave Ramsey's Baby Steps to Financial Freedom 

    by
    hefty244
    Published on 11-17-2015 02:00 PM

    Dave Ramsey believes that by following his Seven Baby Steps people can achieve Financial Peace. Eliminating debt, saving for the future and paying off your home are all financially important goals, but trying to do them all at once will dilute your efforts. The Baby Steps plan works by focusing all your energy--and income--on one of these goals at a time.

    Baby Step 1: $1,000 in an emergency fund

    You might be tempted to skip this step and jump to paying off your debt, but DON’T. The emergency fund is your ‘Murphy Repellent’; it will keep you on track and ...
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