- This topic has 2 replies, 1 voice, and was last updated June 23, 2003 at 2:22 am by .
- June 23, 2003 at 2:22 am #249718
I started the Dave Ramsey system a couple of months ago…although I
had a similar system before I even knew about Financial Peace. I
have what is known as a Zero Based Budget which I do at the beginning
of every month. First list ALL expenses, housing, utilities, autos,
medications, food etc. Don’t forget to give yourself a “little blow
money”. It can be $20 a month so you do not feel completely
deprived. If I have a bill lower than what is in the budget for
example my phone bill was $29.96 and I had a budget of $45, I put
that extra money on one of the bills I want to pay off…I just don’t
say Hey I have a couple more bucks to spend this month!.
I concentrated on my smallest bill a Visa for around $800. I
expected it to take me 8 months to pay off but with the little saved
from here and there and the sale of a couple of items I actually paid
it off in just 3 months. The system works but you have to be honest
with yourself and do it until you are finally free of debt. My next
job is to tackle a $7500 credit card…card is gone and all extra
money saved and earned goes toward this one card. Kim in MI
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