Do you ever feel like your finances are out of control? How about smothered by your debt? If so, consider taking a look at the Total Money Makeover program from Dave Ramsey. If you’ve never heard of Dave Ramsey, he’s an awesome financial guru who can help you get your finances on track.
Why You Should Use the Dave Ramsey Method
The Total Money Makeover system is set up to allow people just like you and me who might need a little bit of help getting things on track. It works by helping you to get on a budget and then walking you through Dave’s 7 Baby Steps to help you save for emergencies, get out of debt and finally build wealth. The system has help hundreds of thousands of people over the years live a comfortable, debt-free life.
To start, Dave makes you promise yourself that you’ll not take on any more debt. By promising this to yourself, you are setting a rule in your mind that debt is not acceptable. Once you make this promise to yourself, you begin your journey on the baby steps.
Dave Ramsey’s 7 Baby Steps:
- Save $1,000 emergency fund
- Pay off all debt.
- Save 3-6 month expenses in an emergency fund
- Plan for retirement by investing 15% of your monthly income.
- Save for college for your kids
- Pay off your home early
- Build wealth and give to others.
The baby steps program enables you to cover yourself for any emergencies while making sure that you’re paying off your debt and building your retirement. It can help you get on a budget and stay on your budget. It’s the perfect program for someone who is struggling with their financial life.
Even better though? Dave offers a free budgeting tool to help! Everydollar.com is founded on the zero-based budget and can help you visualize every cent that you have come in for income or going out as an expense. Being able to see every cent and being able to “tell” it where to go is a major foundation for the Total Money Makeover program.
All in all? If you’re in financial trouble or just want to plant your family on firm financial ground, give the Total Money Makeover a chance. You would be joining the ranks of thousands of others who’ve used it to remake their own bank accounts!
More Budget Tips
8 Reasons Your Budget May Not Be Working
How to Budget for People Who Hate to Budget
How to Build an Emergency Budget on a Limited Income
Money Saving Tips: Bad Spending Habits You Should Break
How to Trick Yourself into Saving Money
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Lorna says
I’m giving Dave Ramey money make over a chance because I need to get rite of my debt. I have a mortgage, one personal loan, 3 credit cards to pay off. I meet Dave Ramey at little America in Wyoming one year. And I should of talked to him about debts. I’m 122,000 in debt.hate it
Simplemomma says
I have a family of 4 and make $30,140.00 a year. Is there a plan for that range? I can’t pay off $30,000 a year if that is what I make.
kritzia says
Obviously wont be able to pay 30k in debt in a year if that’s what you make, but the plan will teach you how to budget your money correctly to cover all of your “needs” and still be able to pay your debt and eventually live debt free.
Nefeli says
I love the envelope system 🙂 I started using this system just a week ago. Let’s see how it goes. I am greek, and some of us are having the philosophy “why save? What if we die tomorrow? we will take the money to our graves??” But not. Of course, money is not that important. Saving is the way to have money for a vacation, health problems, children, and in general achieve a better life. Either we like it or not (I don’t like it) World is all about money 🙂
Crafty Sundays says
We are doing Dave’s plan and trying to pay off the house. I love the envelope system. I fought it at first but after you get over the initial fear of running out of money at the grocery store, it has worked great. I got sick of the ugly bank envelopes and decided to make my own pretty paper ones. I just recently started selling them on Etsy. I am trying to get the word out.
If you have time please check out my Etsy store and let me know what you think.
https://www.etsy.com/shop/CraftySundays?ref=hdr_shop_menu
Best of luck to you on your debt-free journey. You can do it!!
Kathleen says
We started the plan in April (7 months ago). We are also on baby step 3. We paid off 70,000 dollars of debt! The first couple of months were rough coming to an agreement with my husband and making adjustments to the budget for things that were not working for us. It’s such a relief telling your money where it can go and having a plan. I don’t feel guilty for buying cloths and makeup anymore because we have it in our budget.
Emily says
We are doing the Dave Ramsey plan! We were able to pay off $80,,000 in 6 months! It was a miracle because my husband didn’t even make that much a year and we started this plan a week before we moved! My husband said he wanted to do it and I fully supported him, but said could we wait till after the move? He said it is NEVER going to be a convenient time. So we started it right away! I am so glad we did! we will finish baby step 3 by December ☺. I highly recommend this plan!!! It will change your life, marriage, and so many things!