Well, I'm happy to report that we did it! We now have 6 months of expenses in a savings account!
I don't think we've ever had that much money saved up. EVER!
So what better way to celebrate this momentous occasion than with a giveaway! I'd like to bless one of my readers with a $50 gift certificate to Dave Ramsey's store.
Whether you really need help financially or you are doing well and would like to do better, Dave Ramsey can help. Of course, it is up to you to do the work, but he offers you the advice and steps necessary to achieve financial peace.
This $50 can be put toward a Financial Peace University course, which Doug and I took last year, some of his best-selling books, software, DVDs, or downloads, or something for the kids in your life.
When I look back at what life was like 5-10 years ago ... hating to get the mail because of all the bills, trying to get ahead by consolidating all our credit card debt to one card (believing this would actually help), drowning in debt with what appeared to be no way out ... Dave Ramsey's tough advice was just what we needed.
We didn't always like his advice. Change is hard. Sometimes it is easier to stay miserable. And broke. But once we got on track, our moods improved, our marriage improved, our communication improved. I no longer dreaded sitting down to write out bills anymore. Doug and I could talk about money without a fight. We could talk about our hopes and dreams for our future. A future without a bunch of debt hanging over our heads.
And we could teach our kids the right way to handle money. Something neither of us were really taught. At least, I know I wasn't.
We still do a monthly budget. Now we're nowhere near perfect. Sometimes we still miss the mark. But we are always trying. Working together for a common goal.
This month we are refinancing our mortgage ... going from a 30-year fixed to a 15-year fixed. Our monthly payments will go up about $100 but we will save about $44,000 in interest over the life of the loan. And if things work out the way we plan, we will actually pay the loan off in 10 years. Or less. This is part of the next 3 baby steps, which according to Dave, we should work on simultaneously ... 15% toward retirement, kids' college funds, and pay off the house early.
We still need to work out the details about the retirement and college funds. Doug puts plenty into his 401K, but with me being a stay at home mom, I have no income. So I'll have to read up on what we are to do about my retirement fund.
Anyway, back to the giveaway. In order to enter, head over to Dave Ramsey's store to see all the great tools he has to offer, then come back here and in your comment, tell me what you would get with the $50. Only one entry per person please. The last day to enter is Friday, January 28. I will draw a winner on Saturday, January 29. Probably in the afternoon ... after Alex's soccer game.
Please remember that this giveaway is for my readers. I'm not trying to get followers (although I do appreciate each and every one of you!) and I don't want a bunch of freebie junkies participating. (Yeah, I got a bad taste in my mouth after the last giveaway went awry.) :) I truly want to "pay it forward" ... bless someone else since we have been so blessed.
And if you need suggestions on what to buy ... here are my recommendations:
Financial Peace University - regular or home study
The Total Money Makeover book and/or workbook
Financial Peace Revisited book and/or planner
Financial Peace Jr. for kids age 3-12 (I'm going to get this myself!)
Thanks and good luck!