So one of my goals for 2016 is to become debt free. I’ve been using the Dave Ramsey’s method of paying down debt for a while now, and let me tell you, when you stick to it, it works. I faltered a little during the end of November and December, but I’m back on the wagon for January. I made out my budget and so far I’m sticking to it.
It’s not always easy to stick to a budget, but let me tell you, when you set a budget and tell your money where to go instead of blindly hoping your money will go where it’s supposed to go your debt does go down.
So my challenge for you for 2016, if you want to take control of your finances this year go out and pick up a copy of The Total Money Makeover by Dave Ramsey and start following The 7 Baby Steps. The first two steps can help you on the right path.
Step 1: Save $1000. This is so important. Life happens, unexpected things happen. Cars break down, kids get sick. This baby emergency fund will help get you through rough times without going further into debt.
Step 2: List your debts smallest to largest and pay off the smallest first. When you see a debt disappear it gives you hope and encouragement to keep moving forward and keep paying down your debts.
Starting with even these first two steps can make a world of difference in your life, so I challenge you. Make a change.