Dave Ramsey Baby Steps Road to Financial Freedom. I found this principles 4 years ago. Since then we saw success and failures yet thriving.
Currently we are on Baby Step 6 and about $270, 000 left over on our mortgage. We had set it on fixed interest rate for 15 years.
OUR DAVE RAMSEY BABY STEPS JOURNEY IN A NUTSHELL
Hard is an understatement. We made lot of sacrifices WE BUDGET monthly and most of the time we are on track, but sometimes, we give in to our whims. But the good thing though, after doing so, we dust ourselves and move on.
I always meal prep and spend my day off cooking instead of sleeping so that we don’t have to eat out.
It’s a must that you and your other half is on track also.
TIPS ON HOW TO BUDGET :
- Make sure that you and your spouse have the same goal. Our goal is to pay off the house in 6 years. Right now, my salary goes to the mortgage, so we are only living in my husband’s income.
- Know what you want to spend on a month. Our home expense total including the mortgage is about $6,000.00 per month. That’s really steep and those are the fixed expense like electricity, gas, internet and subscription.
- I budget my meals weekly instead of monthly.
- Have a weekly pantry/freezer challenge. I check what ingredients are available in my pantry and build my menu around it.
- Plan for a luxury spending. I don’t have this each month, but sometimes, I have. For this month of April, I budgeted $50.00 to buy a charcuterie board that I have been wanting for a long time and we budgeted $50.00 to have a date in Starbucks.