I am currently taking a class with Financial Peace University (Dave Ramsey) and it is interesting to hear someone that hit bottom share the tips that helped him get back on top. It is also amazing that through it all he was able to keep his family structure in order. Most time finances can break a relationship down.
As I am taking the class I see how I have been careless with money. I have always had the easy come easy go mentally to it. Ramsey wants to make sure that we pay ourselves first. We don’t imagine that is possible because bills have to be paid but if we took the time to put something on the side it could still develop the emergency fund that every household should have.
Do you have anything stored away for a rainy day?
Do you have money that you can access quickly when needed?
Ramsey encourages that you at least have $1000.00 saved away. That could deal with car issues, unexpected bill, etc. The ultimate goal is to have 6-8 months of living expenses saved. The secret is to save because an emergency is never planned but you can be prepared.
For more information visit www.daveramsey.com
