Dave and I started the Dave Ramsey plan a couple of years ago. Dave stumbled upon it by accident one day when he got a set on CD to listen to in the car. He liked what he heard, so I listened too...we were both hooked and became Dave Ramsey junkies. If you want to learn more, read one of his books, listen to his radio show, look him up on Fox News Business Channel, or www.daveramsey.com.
When we first listened, we started our baby step 1 emergency fund and started snowballing our debt. We weren't doing too bad and even managed to pay down some junk, paid off one credit card, paid off a bank loan, and cut up some credit cards. His plan really works!
Unfortunately, the housing market started crashing and it was getting harder and harder to get good paying construction jobs. Making ends meet became priority and the debt snowball got put in the freezer to ride out the storm. We muddled along but we sure wanted to get that snowball out of the freezer and get it rolling again. The snowball was getting nervous and hadn't been added to for over a year.
Since Dave has been in Iraq working, the snowball is officially rolling again! It's a beautiful snowball, and this month it rolled away American General and our refrigerator. The emergency fund (baby step one) is fully funded again (that's our Murphy Repellent). I love our snowball! We're going to keep kicking the debt to the curb where it belongs.
The girls and I did celebrate a little (we ate out at a restaurant), but the spending is going back to being essentials only. We can't wait to pay off more next month!
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