Gardener Guy and I are baby-stepping with Dave Ramsey.
Baby Step #1: Set up Emergency Fund. Check.
We are on Step #2. Paying off debt.
We both have a bit of credit card debt, as well as Student Loan debt.
(enter lump in the pit of my stomach)
I gotta say, in college, Gardener Guy was better with managing money than I was. I took a 4 year hiatus from balancing my checkbook and had overdrafts to prove it. So now, I am kinda anal-retentive about balancing it because, well, it just makes cents. You laughed out loud didn't you?
In moments of stress we were quoted on more than one account of saying, "It will be better when we graduate and have jobs." And, it has. But now, it's time to pay off some debt and save some moolah.
I had a small credit card debt, so we transferred my balance to a 0% interest card with 12 months until interest begins to build. (These are my words you see, I have ABSOLUTELY NO business or financial background).
I have paid off all of my "Store Credit Cards". For crying out loud, cut those suckers up into tiny pieces, Chic Chick! Mama is right, the feeling of not dreading a credit card bill in the mail is so much more satisfying than buying stuff. Go me.
We are trying to pay off the rest of the balance transfer and GG's credit debt asap and building momentum and motivation as we go. Soon, our Student Loan bills will be rolling in and we will be ready to take those on too.
Baby Step #3: We will be working to put 3 to 6 months worth of expenses in savings. I'm thinking this might come in handy when Chic Kiddos come around.
See more of Dave here.
Goal for October: use Envelope System.
Baby stepping love and all of mine!