If you didn’t see my previous post that explained Dave Ramsey’s first three baby steps, you’ll want to click over to read that post first. The first three steps are all about saving for emergencies, digging out of debt, and gaining a security net of a fully funded emergency fund. The last four steps are all about looking at the long-term financial future, and steps 4, 5, and 6 are completed concurrently.
If you’re into personal finance, you’ve probably heard the name Dave Ramsey a time or two along your financial journey. I was introduced to Dave Ramsey’s Baby Steps when I was 19, and those steps definitely saved me from making a lot of mistakes during my undergrad and grad school years. Although a bit extreme at times, what I learned from these steps are the reason I maintain a mostly debt free lifestyle today. This post briefly explains my own experience with each of these steps and what it takes to accomplish them. This is part one of a two part post, so be sure to click the “see next post” button for the remaining baby steps!
What we buy at the store is something almost all of us have control over, within reason, so as long as we stick to our budgets. This post will list some tips and tricks to sticking within your budget for groceries…and how you can still buy healthy and quality ingredients in the process.
When making the decision about whether you should move in with a significant other, you need to have a conversation about the finances of it all before you go all-in. I know talking about money isn’t sexy, and sometimes it’s incredibly stressful, but these conversations will help you navigate this new stage in your relationship. There are several schools of thought about finances and your significant other, and we’ll list them as follows:
My first week I managed to save $147, even with a hiccup or two. The second week I saved $53. Here’s a play by play of the first week and a rundown and what I learned over these two weeks.
I find that when I really need a nice budget reset that engaging in a “no-spend week” really helps me reevaluate my financial goals.