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!