Budgeting. It was always a dirty word in our house. When my husband and I got married, I had a job, an apartment, a car, and NO money. He had about $600 to his name. From there we worked hard and made more money…and spent it all every single payday…for 16 years. In all this that time we went through school, then graduate school, then had kids, then graduated, and lots of moves in all those transitions. Obviously lots of money will be spent on things like that. But we could have been saving so much in all that time! I don’t even want to know how much money we wasted on eating out and shopping.
Back to the “b” word. Budgeting was never really present in our life. We knew we were spending and should be saving but we never really had a good way of doing it. When my husband graduated from medical school and landed a good job, we went and bought a forever home and a new car! Stupid, stupid, stupid. We had so much debt from school yet we said, “we’ve worked hard and deserve to pamper ourselves!”, so went into more debt. And then more when we built his practice. It seemed like a good idea and that nothing could go wrong. Then the great economic depression of our time hit and we were in a world of hurt. We had no savings, and were tapped out each and every month with all our bills. We had to sell our house and then sell our practice and we also sold lots of fun things we accumulated. We moved and moved and moved looking for the right opportunity to be our golden ticket. And then we found his book.
If you read my About page, you’ll know who HE is. Dave Ramsey’s book, The Total Money Makeover, was brought to our knowledge at another financially critical time in our lives. We were about to buy a home having only had a new job for a few months. We had been renting for 5 years and our bankruptcy period had just ended to where it was possible to get a loan again. We were so excited to pull the trigger and so close to doing so. When I heard about his book from a family member, I felt the need to read it. I read the first chapter and told my husband he needed to read it with me, so we read it in one night and we both felt strongly that we should NOT go forward.
We implemented his baby steps and it works! It’s the only thing that has ever worked! I will go into them in future posts but one of the main things we did was cut up all credit cards and go straight to a CASH ONLY system. The only thing we use a debit card for is gas and that’s because I don’t like to leave my kids in the car. Anyway, our life has changed and I’m excited to keep sharing what we’ve learned with you. Stay tuned … you won’t regret it.
If this has you intrigued, I urge you to buy the book here.