I've been fortunate enough to have people in my life tell me to make some wise investments, but I am clueless when it comes to managing money, saving, planning for emergencies, not living paycheck to paycheck, and planning for retirement. Therefore I listened to Buffalo Bleu when he mentioned Dave Ramsey. All I could picture was Gordan Ramsay, the British chef that drops the F-bomb every 5 seconds. 
Dave Ramsey
Dave Ramsey
Dave Ramsey isn't much different. He does refrain from using the F-bomb, but he doesn't beat around the bush, he is blunt and tells you exactly what he thinks! People are stupid and need people to beat the truth into them sometimes. I am one of those stupid people therefore I signed up!
I attend Financial Peace University every Monday night. There are 7 Baby Steps that Dave Ramsey suggests you follow:
- $1,000 In An Emergency Fund
- Pay Off All Debt With The Debt Snowball
- 3 To 6 Months Expenses In Savings
- Invest 15% Of Income Into Roth IRAs
- And Pre-Tax Retirement Plans
- College Funding
- Pay Off Your Home Early
- Build Wealth And Give!
I am currently on Baby Step #2-Pay Off All Debt With the Debt Snowball. Fortunately I have very little debt (excluding my mortgages) therefore am not to worried about that. The hard part is my monthly budget. I imagine it will take a few months to get a firm budge in place, so here is month #1's budget.
Entertainment (eating out, drinks, movies, etc.)-$100
Grocery Store-$150
Internet-$50
DirecTV-$63
At The Beach - Spray Tanning :)-$63
Bally Total Fitness-$18
Haircut and dye-$25
Fuel-$100
Cell Phone-$100
Unity Fax (fax to email)-$6
Chiropractor ( I go every 6 weeks)-$30
Shopping (Clothes, hair products, make-up , etc.)- $100
Rent-$600
Rent-$600
TOTAL -$1,405
Due to the fact that I just made my budget and well it's the middle of the month, operation live like a poor person, poor but tan, commences on June 15th. Wish me luck!
