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
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*The time has come at** 9:30am EST* we entered into the Autumn Equinox:
meaning day and night are equal lengths and provide for us balance that
o...
3 years ago
2 comments:
I think every parent should make their teenager take his class before they go to college or even while they are in high school. This is definitely information that does not get taught in school, but its vital to their financial well being when they are out there on their own. If the schools aren't teaching it, it's up to us to find avenues to teach our kids these things so they don't fall into the same traps we have.
Gosh, it's so hard to put up your own emergency fund, right? You have to have the right amount of discipline to be consistent with your contributions, and your reasons for building the fund should be enough to keep you motivated. Is it advisable to start small when putting up an emergency fund? And by small, I mean saving up your loose change and stuff like that. Well, that's what I'm gonna do for now.
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