I listen to his podcast daily and he is always talking about making changes and that the only way you will ever win with money is to change your daily spending habits. Obviously I am not getting something.
If you have no idea what/who I am talking about, Dave Ramsey is a radio personality who has been giving financial advice for over 25 years. His advice (as he puts it) is the “same advice you get from your grandma but we keep our teeth in”. So basically super simple, old school, sound advice: spend less than you earn, save some, give some away. Sounds simple right? Simple YES, easy NO!
His steps are small and you do them in order…thus the name “Baby Steps”. Baby Step 1 is to as quickly as you can save $1,000 in a mini emergency fund to keep you a little bit covered as you work on Baby Step 2 which is a doozy for most people…pay off all your debt (other than your home).
The first time I did Baby Step 1, I did it rather quickly. We were living in a house and I had acquired lots of “stuff”. I basically sold books, clothing, DVDs, etc and built up my $1,000 very quickly. It was a long time ago so I can’t remember what we spent it on, but it was depleted fairly soon after it was built up.
The next couple times looked about the same. I sold some stuff, worked a little more, scrimped here and there and saved it up, only to use it up…again! Now somewhere in there my husband broke both wrists (yes…at the same time! And yes…to all the questions your wondering about what I had to do for him over that next few weeks) and I broke my collar bone. So we did have some true emergencies, but that isn’t an excuse to consistently spend more than we earn…which is what we were continuing to do.
That brings us to the present. We decided to get “serious” again about our finances last year. I say “serious” because in October of last year we spent a month in Hawaii which pretty much set us back a year…but of course worth it! We came back October 31st and started (once again) on Baby Step 1. It’s been 6 months and I have had to re-start Baby Step 1 FOUR times already.
This time there are no emergencies, no medical issues, I am just spending more than I make. So I have 2 options, I can spend LESS or make MORE!! Hmmm…tough one! I am already giving up racing triathlon this year (sad face) and am buying my fruits and veggies from Wal-Mart (no comments please). We are down to eating out once a week from like five times a week, and for Pete’s sake, we live in an RV!!!
So apparently my only option is to make more money. This is a conundrum for me (yay! I have always wanted to use that word in a post) because if you read my post on BRINGING LAZY BACK you know I am all about taking time for myself and my family and BALANCE. But I also want to get back to doing the things I love to do (race and eat out) without turning in my loose change to be able to do them.
After reading through this post, I made a decision to put my big girl panties on and turn up the juice for the next 2 months. I am committing to waking up 30 mins earlier each day and do my PSSJ and POTs (codes for things I know I have to do for my businesses to grow), continue tracking my food expenses, and going through my stuff again to see if I have anything left to sell. In 60 days, Baby Step 1 will be my bitch!! PERMANENTLY!!
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And I would love to hear ideas on how YOU save more, spend less, and keep your finances organized!
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GRATEFUL FOR YOU!!!