Wednesday, January 02, 2008
A Diet of Sorts
| By Lynn Forgy The first days and weeks of the New Year a lot of people's thoughts inevitably turn to diets. Those of us who are watching our financial waistlines are also concerned about losing weight - debt weight, that is.  A budget is the first step. Writing down expenses and income, and making every dollar scream as Dave Ramsey says, is so important. Not only do you actually get a real feel for where your money is going, you have at your fingertips some idea of what expenses you could trim. If you follow Dave Ramsey's Financial Peace plan or his Total Money Makeover, you know that the 2nd step, or Baby Step 2, is to widdle away at your Debt Snowball. This includes credit cards, personal loans, student loans, car payments, etc. For the remaining Baby Steps, see Dave Ramsey's site. The start of the New Year is really a chance for us all to reflect on our financial weight gain or loss of the previous year, and how and what to focus on for the upcoming year. Becoming debt free is a process, and I have found it to be one that is teaching me to be patient. I'm still impatient - I want to be debt free YESTERDAY - but what I am learning along this journey is life changing. Why not take the Debt Free Challenge? |
posted by Krista at 12:17 PM
