“We’re debt freeeeeeee!” Anyone who listens to a Dave Ramsey broadcast knows the sound. Freedom from debt. What an amazing thought.
But how did they get there and what can we learn from their journey? More than that, what do they do that we can do that will allow us that same jump-up-and-down feeling? Want to experience the elation for yourself?
A family who has learned to live without debt – or is in the process of doing so – is a family that shares hopes and dreams and worries and fears. By communicating with one another, a lot of misunderstandings can be eliminated.
You reach financial independence by setting goals and working to reach them. Do you want to go on a vacation to Italy? Have the whole family discuss ways to make that happen.
A budget will declutter your financial life. Many make it more difficult than it needs to be. Identify all of your income, list out all of your expenses, and make sure you spend less than you bring in.
Do some research before you buy to make sure you’re getting the best deal possible and keeping more of your money.