He is on KMJ 105.9 (go to his web to find your local channel) every day he takes callers questions, and his website, has tons of free information. Eventually we signed up for FPU online (Financial Peace University online) which is his seminar and workbooks but online. FPU was very helpful, and helped us get organized a little.
When we first started out, we used all the info on his website which is all free. Starting with the 7 baby steps, used the free online forms, etc. At first I thought this was for people with money and stuff, but IT WORKS. Some of the callers have amazing stories, and problems. And I kept thinking some of the steps are crazy, like the cash only system. But we did it step by step and it really works.
We haven't used a credit card for over a year now, and never will again, and look forward to a zero credit score from none use. Its funny now because when a house/car repair or some other mini crisis occurs, we don't panic about which card has enough room on it. We just use our emergency fund, or other savings and pay cash for it.... we have never done this before.
Instead of living credit-to-credit or check-to-check, we actually have cash leftover at the end of the month. It is very surreal to live this way, and I love it! We are never going back to the other way!
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2 comments:
Hi Shelley,
I've heard a lot of good stuff about Dave Ramsey. I know you might not want to answer these questions online, but I am curious as to how far in debt you were and how long it has taken you to climb out to where you actually have money left over at the end of the month and still are able to save. Wow! That's impressive!
Its been amazing... and crazy. It has taken us about a year or so. Depending on how much debt you have depends on the length.
The website has tons of info just go the the tools area. I have heard of people on the radio who have been working on the debt snowball for a couple of years but they had $100,000 or more in credit/car debt
The steps are easy too follow, but the work that you put into setting it up is worth it. The saving comes last after the debt snowball is finished. We are working on paying off the house early, would like to do it in 10 years or sooner.
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