Over the years we have accumulated some debt. I think most people fall in to the debt trap with out even realizing it. It's taken some time to start seeing this clearly and I am now turning the page.
I see it and now I am taking the necessary steps to eliminate it. Our income fluctuates and is now evening out a little. I just recently finished reading Dave Ramsey's book, "The Total Money Makeover". I thumbed through it a few years back but didn't get serious with it. Why? Because our income was not predictable. I figured that in order to make it work we would need a regular income. If I had examined it more closely I would have learned that he had a proven way to deal with our situation of unpredictability. Oh well. Live and learn.
Over the last few years I have learned some great ways to be frugal and happy. Now I'm going to apply those things while doing a Total Money Makeover. This is exciting! The thought of (as Dave says) "living like nobody else so that later you can live like nobody else" is encouraging to me. We don't have credit card debt but we have some lingering medical bills that need attention. Before thoroughly reading Dave's book I felt that these debts would have to wait. Now I see that I can really work on them right now. Well, after Baby Step #1 is completed. Right now I am looking for ways to build an emergency fund. I see the wisdom in it. Many people live with a steady salaried type paycheck and it's a different thing altogether to deal in the realm that we do.
I was reminded of Dave Ramsey's book over at the moneysavingmom site. She told the story of how they have saved 100% down for a house. I was really inspired by what she said. She talked about how she had been taught when she was young to work carefully with money. At the beginning of 2009 they had 33% of their goal. At the end of 2009 they had reached their goal of 100%! I was blown away to say the least! Hurray for them!
So, as I embark on this Total Money Makeover journey I will post about my progress.
The thought of being debt free seems far away but after reading Dave's book and seeing that other real people have gotten rid of their debt it gives me courage that I can do this.
I paid off a small debt a few days ago and it felt great!
Onward and upward!