Monday, September 8, 2008

Baby Step One


We are studying Dave Ramsey's Total Money Makeover. Baby Step Number One is having an emergency fund. One thousand dollars in liquid cash that is USED ONLY for emergencies. An emergency is anything that is not in your budget, like a flat tire. Too many people use credit cards for emergencies and when they are trying to pay off the credit cards and must use them for an emergency it kind of takes the wind out of your sail. Before you know it you have lost your momentum and are charging again sooooooo...... baby step one is to save $1000.00 in cash.
A BIG LOL.....WHEN WE ACHIEVE BABY STEP ONE---I WILL SHARE NUMBER 2!!!

1 comments:

He And Me + 3 said...

BAAAA! Keep the steps coming, because Rick has introduced them all at once, so they are in no order for me, just snowball those bills we have the emergency fund...but I hate to call it that. Ugh. Love it!