One Baby Step

I generally keep my goals to myself but this year I decided that being stupid with my money has to stop. I already know from my own life experience that I can not be trusted with a credit card. I see shopping sprees, and not the end result of paying it off.
Hey, my addiction is shopping. For others it could be books or makeup. It’s ongoing, chronic and has to be managed with as much care as my health.
So I was lucky enough to find Dave Ramsey’s Financial Peace Revisited“> at a thrift shop. The book has been read {several times}, my budget tightened and allocated to the penny. Debts are up to date and now its time to build something.
Seven Baby Steps
Seven Baby Steps
The Emergency Fund! 1,000 dollars in my savings by 12/31/16. How am I going to do this? Well, here’s five ways I gave come up with….
  1. Automate the deposits – savings automatically goes into account without you even touching it! Take your goal, divide by # of pay periods & voila, insta-savings!
  2. If that doesn’t fit the budget, try the 52 Week Savings Challenge {google it, there are loads of free printables out there. Even broken down to biweekly, bimonthly & weekly for your pay situation}
  3. Excess from Cash envelopes say my budget is $30 for my gas and I spent $17 filling up my tank. I can save the excess but transferring the $13 to the ES Fund
  4. Coupon Savings – I wish I was one of the mega coupon shoppers but even if I come in $5 dollars under budget, the savings can go towards my fund
  5. No Spend Month – if you spend in your No Spend Month, times the total balance spent by seven put it in to your fund
Lastly, make a covenant with yourself defining what is an emergency. For me, its automobile and health emergencies that allows me to touch this fund. They can be the most expensive bills to have.
I will keep you posted on the first Monday of every month on how my ES fund is growing!!!
Loveya, kisses, byebye
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