You can download Dave Ramsey's radio show through Itunes or find him on the radio in your local area. It will change your life!
Here are the baby steps that Dave teaches to "change your family tree":
Baby Step 1
$1,000 to start an Emergency FundAn emergency fund is for those unexpected events in life that you can’t plan for: the loss of a job, an unexpected pregnancy, a faulty car transmission, and the list goes on and on. It’s not a matter of if these events will happen; it’s simply a matter of when they will happen. Learn more
Baby Step 2
Pay off all debt using the Debt SnowballList your debts, excluding the house, in order. The smallest balance should be your number one priority. Don’t worry about interest rates unless two debts have similar payoffs. If that’s the case, then list the higher interest rate debt first. Learn more
Baby Step 4
Invest 15% of household income into Roth IRAs and pre-tax retirementWhen you reach this step, you’ll have no payments—except the house—and a fully funded emergency fund. Now it’s time to get serious about building wealth. Learn more
What do we do differently?
We try to "live like no one else so that (in the future) we can live like no one else" (D.R.). Our focus is on purposeful spending and directing of our money now so that we can live purposefully in the future.
On a daily basis, we avoid using credit cards. We have cancelled many that we had (even though they had no balances). We are actively trying to pay off what we have left.
We do crazy things like ...
get water instead of sodas/tea when eating out
Have treats at home instead of going out
Limit gifts for ourselves and our children
Have garage sales
Say "no" to ourselves
Some things that we have learned:
Keep doing the right thing over and over to achieve your desired results.
Right choices must be made daily, weekly, monthly, and yearly.
Stuff, many times, is a curse. We are happier with less.
Some other great resources we use or have used:
Crown Financial Ministries
Crown Mvelopes - online budgeting software