When Janice and I became gazelle intense about getting out of debt, we did so hook, line and sinker. Once we paid our credit cards off, we either quit using them or cancelled them. Over the years, I have sporadically checked my credit report, but had never become curious enough to obtain my official credit […]
If you follow Dave Ramsey, you are aware that your very first priority is to establish a $1,000 emergency fund for those unexpected life events. The point of this “Baby Step One” emergency fund is to provide you a buffer or fall back while you’re paying down debt with “gazelle intensity”.
Proverbs 24:27 “First plant your fields; then build your barn.” What does this verse mean? When I first read this verse, I didn’t get it. Understand that I am not a farmer, so I didn’t see what difference it would make whether one planted first or built his barn first. If fact, it seemed more […]
You have seen those percentage budget plans which deftly tell you what percentage of your budget you should spend on which categories. Yes, they are a good guide, but you need to beware: giving too much credence to those percentages could get you in trouble.
Do people really spend more with credit cards than with cash? This topic has been beaten until blue and there seems to be no documented study which proves one way or another. Yes, many of us have heard of the Dunn and Bradstreet study (oft quoted by Dave Ramsey) that indicates people spend 12-18% more […]