Let’s start talking about why this blog exists in the first place. I was raised hearing about this fellow, Dave Ramsey. When I was in high school my parents bought me the book Financial Peace. With a little incentive, I read this book. I learned what could lie in store if I was free from debt. However, I still ended up with student loans and my husband and I have two car loans. My husband brought to the marriage “stupid tax” as Dave Ramsey would call it. For example, a T-Mobile account in collections because he just stopped paying mid-contract. Luckily, for me, my husband has embraced the idea of living debt free, remedying stupid tax and setting ourselves up for success.
This is just the first post in a series about finances, let’s get started!
Have you ever stopped to think about what you want your finances to look like 1-year, 5-years or 10-years down the road? I’m going to give you the first goal: Be debt free except for a mortgage. Beyond that, do you want to travel? Do you want to buy your own home? Do you want to remodel or buy a new car? Make yourself some goals to look forward to.
For us, our 10-year plan looks like this: pay off debt, save for a home and buy a home.
Before we start learning how to make a budget think about your top financial goals. Knowing your goals will tell you how far below your means you should be living. Next time I’ll help you create a budget to achieve these goals!
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