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DAY 1 WAS TO FINALLY PLAN HOW WE WERE GOING TO START
We quickly leveraged all the FREE online tools to manage money.
Decided to use mint to keep track of our money.
Committed to creating and sticking to our budget, for budgeting we used everydollar (the free version) online app, due to ease of use.
Our total debt to start was $124,695 (including personal loans with the bank of Mom).
THE PLAN IS:
1. STOP using the cards, as Dave Ramsey would put it, perform plastic surgery and cut off the plastic.
2. Write down ALL assets and liabilities, use mint, personal capital, or any other tool you are comfortable with.
3. Create a BUDGET!!! as I’ve said earlier, we used every dollar. We like that it’s easy to use and really intuitive; or use any other budgeting tool out there that is comfortable, easy and FREE.
4. Stick to the plan, get motivated, and most of all continue to Pray. God’s Grace is sufficient and HE is willing and able to help us and journey with us in this.
5. Get educated about money and debt management. The goal is to become debt free so read up on as much info as you can, If you can, subscribe, follow, or watch the Dave Ramsey show; or follow his blog, please do so; or start having a mindset of learning about how to get out of debt.
If you have other tips for us that can get us going to being DEBT FREE, please leave a comment or send us a line at thedebtfreejourney@gmail.com.
Til next time, Peace and God Bless you All.
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