Dave Ramsey - Becoming DEBT FREE

We have decided that we want to live debt free so that when we get older we can live like no one else. In an attempt to do this we came across Financial Peace University by Dave Ramsey. This course is all about getting out of debt and staying out of debt! Can I just tell you that at first I was totally skeptical. I didn't think that any of Dave's systems would really work and that no matter what we would have to be in debt for the rest of our lives and that monthly payments are just a part of life. But after listening to his CD's I have seen a small light at the end of the tunnel. I think that we will be able to pay off all of our debt except the mortgage by the time this baby gets here. Dave has 7 baby steps to help accomplish this. Here they are:

Baby Step 1 - $1,000 to state an Emergency Fund
Baby Step 2 - Pay off all debt using Debt Snowball
Baby Step 3 - 3 to 6 months of expenses in savings
Baby Step 4 - Invest 15% of household income into Roth IRA's
Baby Step 5 - College funding for children
Baby Step 6 - Pay off home early
Baby Step 7 - Build wealth and give

We are currently on step number 2. Now that doesn't seem very far in the whole process but by the time we are done with this step we will be debt free except for the house. We will have gotten ride of 10,000 in debt. That is our truck paid off and my school loan paid off. The hubby and I have also implemented the cash envelope system. More on that here. This system is all about telling your money where it is supposed to go and how you are going to spend it.

We tried this system in the past and it worked very well for us but my only complaint was that there were envelopes full of money laying around the house.And when you used to live next to a kid who is addicted to drugs and sales his parents TV to a friend to get a fix while they are gone for an hour it kinda made me nervous. So we stopped the system but we are back on track now it is a new year and a new start and this time we are going to follow through. We have rearranged things a little bit differently and are using bank accounts to help keep the money safe. 

Check out Dave's sight if you would like to jump on board with us and become debt free. 

http://www.daveramsey.com/home/

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We Just bought a house... Kinda

Well it is official Jordan and I put an offer on a house and it was accepted! :) We have been looking for a house since last summer. I bet we have probably seen 75-100 houses in the whole time we have been looking. Check out our difficulties in finding a house here. But at last we have found a house. This house is not exactlly what I wanted in the updated department but when I walked in the front door.... I KNEW IT WAS MY HOUSE! I know I know that sounds totally crazy but it is true! I knew that with out a doubt it was the house that I wanted to put and offer on. Here is a little info on the house.

                                   

Beds	3 bed	Baths	2 bath
House Size	2392 sq ft	Lot Size	0.25 Acres
		Year Built	1959
		Garage	1
Property Features	1 stories Kitchen Master Bedroom is on Main Floor Basement  partially Finished, with a Family Room Fireplace 2 fireplaces Hardwood floors

 The house also has new carpet through out and underneath it has beautiful wood floors. The fireplaces haven't been used in a long time but we might just change that.
We don't move in for a little while but when we do I will give and update here with pictures.

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Sunshine

Finally the sun has shown it's face. It is supposed to be warm this weekend but I guess we will see. Well school is finally over. My grades are great except for one class.... Math. Math was not the lucky class this year. But it is o.k i'm done for the next little bit. I'm not going to school anytime soon! Now it is time to look for a new house to live in and job!  I'm hopefully going to start teaching dance this summer and then again in the fall! So if you wanna come to a class. Hit me up! 

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