I got my first subscription to Money magazine (something I have been wanting for a few years now.) Imagine my excitement when I saw my favorite financial guru, Dave Ramsey on the front cover. The title read something like, “Why Millennials are Flocking to Dave Ramsey.” I read the article and really got to thinking…why is it that Dave Ramsey has gained such popularity and momentum specifically with my generation, the millennial generation? Dave Ramsey is known notoriously for his no-nonsense, old school approach, yet millennials are thought to be very “new age” and
For those of you who haven’t heard yet, enrolling in Dave Ramsey’s course Financial Peace University was one of the best decisions I had ever made. I finally reached the point in life where I craved financial freedom but I still had no idea how to execute it. Previously I had lived with a scarcity mindset in which I thought paying for a course when I was already financially struggling was a stupid idea. The truth is, if I would have shelled out the $80 years ago I would have wound up savings myself thousands of dollars in debt. Hindsight…right? While there is no way I could fill you in on everything Financial Peace University has to offer, I do want to share with you Dave Ramsey’s Baby Steps and how you can execute them at home. Even after you know these steps, I still recommend enrolling in the course as there is much to learn!
I have said it before and I’ll say it again, the day I got comfortable talking to my husband about our finances, was one of the biggest sighs of relief of my life. For years we went to church and listened to them talk about some of the best Dave Ramsey methods to payoff debt. When we finally buckled down and gave it a go, we were surprised at just how easy it was. We have implemented budgets, get out of debt strategies, and better ways to save. I have included easy to follow printouts in my Fun Sized Budget Bundle on all the methods we use to keep our finances on track, so you can take full advantage of these practices as well. Right now I’ll show you how the debt snowball helped us pay off $6,000 of debt in only 6 months!