9 Essential Dave Ramsey Tips You Need to Try

Ramsey is the man with the financial plan. You know his strategy: spend less on yourself, and put that money towards building your emergency fund and becoming debt free. So how are we going to make his plan easier for you? We want to help you lower your bills and increase your income. And we’ve got tips right here to help you make it happen. Don’t let financial insecurity be your destiny. Make simple changes to gain control of your finances and give you a peace you didn’t think possible. These Dave Ramsey Tips Will Lead You to Financial Freedom Dave Ramsey has taught people how to get control of their finances for decades. While some of his teachings can be a little controversial, nearly 2 millions families have found financial peace. What are you waiting for? 1. Create a Spending Plan open next page to continue reading.... There’s no getting around it, if you want to have control over your finances you need to have a budget. Dave Ramsey suggests a zero-based budget in which you give every dollar a “name.” This means that every dollar that comes into your home is assigned a purpose. With a zero-based budget you write down the amount of money you will receive in for the month and figure out where it will be spent. This includes bills, savings, discretionary items like restaurants, entertainment, Starbucks and clothing, and whatever else you spend money for. When you subtract your expenses from your income, you should be at zero. If you have money left over on paper, then figure out where you want to put it (like toward debt or savings or Christmas). If you have a negative number, then you’re going to have to make some cuts. Free Workshop – Join our free Simplify Money Workshop The *only* way to save money is to spend less than you earn. That means you need to decrease your expenses or increase your income. We want to help you do both. What’s more? We’ve got a bunch of free money-hacks to share with you: Hacks to lower your monthly bills Hacks to spend less on debt Hacks to start investing Hacks to increase your income by $20/month (with no extra effort) This workshop has everything you need to accomplish the cardinal rule of personal finance: keep your income over your expenses. 2. Stick to the Budget open next page to continue reading.... Creating a budget and sticking to it are two different things. You worked hard to create a budget, don’t ruin it by not following it. Everyone in your family needs to be on the same page. Here’s a tip on how to make it easier to stick to your budget: create a budget you want to stick to. Think of every dollar you spend as an opportunity to make your life better. You have a mortgage; your home makes your life better. Your power bill makes your life better. But do you really need to pay for Hulu, Netflix, HBO, and Disney+ at the same time? Is that making your life better? Cut spending on the expenses that don’t make your life better. Empower – Effortless Budgeting and Saving The Ramsey method is centered around saving money. Build a budget to live on less, and save what remains. With Empower, you are held accountable to your savings goals. You will tell Empower exactly how much money you want to save every week (maybe it’s $50/week). Then like clockwork, $50 will transfer from your checking account to your savings account automatically every week, only when you can afford to save. That’s not to mention their streamlined budgeting tools, human coaching, spending recommendations, and more. If you are serious about saving money, allow Empower to hold you accountable. Banking services provided by nbkc bank, Member FDIC. Trim – Lower Your Unwanted Bills Do you feel like your getting ripped off on your internet? You probably are. Internet providers charge higher rates to customers who don’t fight for a lower price. A real person from Trim wants to negotiate lower monthly payments on your internet, phone, cable, and medical bills, and they’re very good at their job. Trim saved their users $1M+ last month alone. If Trim is unable to lower your bills, you pay nothing. But if Trim does lower your bills, you keep 66% of the savings the first year and 100% of your savings every year after that. Not a bad deal. Please note that Trim takes their payment immediately. For example, if Trim saves you $10/month, they will request their 33% fee ($40) right away. But you keep 100% of the savings after that. You need need a professional negotiator on your side. Save on Your Next Flight To Cushion Your Budget open next page to continue reading.... How can you find the cheapest possible flight without all that hassle and frustration? Just enter your local airport, select a few top vacation spots, and that’s it. Instead of you having to chase low prices flying out of your home airport, they will come to your inbox every day. See for yourself how great these prices are. Try Scott’s Cheap flights for 14 days free. Then grab 20% off your first year of SCF Premium with promo code BUDGET20. Hurry up, the average member saves $550 per flight. 3. Protect the Four Walls of Home What happens when you don’t make enough money to cover all your expenses? You make sure to take care of the most important things — the four walls. Ramsey describes the four walls as: Food: Make sure food is on the table. Utilities: Keep the lights on. Rent/mortgage: Maintain a roof over your head. Transportation: You will need to find a way to work. Here are a few tips to save money on these 4 walls: Ibotta – Save Money At the Grocery Store Wall #1 is food. Obviously eating out costs more than cooking at home. So since you will be cooking at home more often, you cannot skip Ibotta for savings at your local grocery store. Ibotta offers cash back on the items you’ll need, like meats, grocery staples and condiments. Simply open the app, snap a photo of your grocery receipt, and Ibotta money goes straight into your account. Redeem your money for cash in the bank or gift cards to your favorite retailers and restaurants. Your meal plans will be sent to your inbox each month, along with shopping lists and tips. Save about two hours a week. Each serving is around $2. Lower Your Home and Auto Insurance On to walls #3 and #4. But before we learn how to lower your home and auto insurance, have you thought about lowering your home and auto expenses? Can you live with one less car? Or can you sell a car (drop that car payment), and buy a cheap car in cash? Can you downgrade your home? Can you move to a cheaper city? Or move to a cheaper state? Don’t let your ego get in the way of your financial progress. If lowering an expense will make your life better and easier, swallow your pride and do it. So how do you lower your home insurance and auto insurance expense? You switch providers. Make the transition easy with Insurify. Enter your information, and pick the coverage at the price that is perfect for you. What’s more, the quotes are free. You have nothing to lose by trying Insurify, and a lot of money to save. 4. Don’t Go Further into Debt While we don’t share Dave Ramsey’s same view of credit cards, that doesn’t mean his message is wrong. Credit cards are dangerous! If you struggle with credit card debt, take scissors to them today. Do not wait. Dave Ramsey’s baby steps say to put $1,000 in the bank, and then put everything you can towards your debt. This is sound advice. High interest rates are draining your finances. Ramsey says to pay down debt using the debt snowball. That advice is okay… Our advice: consolidate your debt, pay less in interest, and get out of debt faster while spending less money. Get Out of Debt Faster While Spending Less Money Ever heard of debt consolidation? Here’s how it works: a consolidator will buy all of your credit card debt and consolidate it into one single payment with a lower interest rate. Why would you do this? Because the consolidator is going to give you a very lower interest rate! A lower interest rate = less money lining the pockets of your lender = more money paying down your debt. When your interest rate is lower, you pay down debt faster and spend less money in the process. Give Your Children the Best Chance to be Financially Stable with Greenlight Do you want your children to avoid the financial pitfalls you faced? There’s a way you can teach them to spend appropriately, save intentionally, and give generously with Greenlight, the debit card for kids and teens. Greenlight lets you teach your children a proper money mindset, and all the while you are in control of how much money your kids can access, along with how and where they can spend their money. With spending limits you set with the Greenlight app, your children will learn how to best use their money. Should they spend their money on candy or save for that Xbox? Empower your children to make smart decisions with their money with a Greenlight debit card for kids (you can have up to five cards for one low, monthly fee). Sign up for Greenlight today and get your first month free. 5. Have an Emergency Fund Dave Ramsey’s first step of his “7 baby steps” for financial peace is getting $1,000 into an emergency fund. That money is strictly for emergencies. If you budget you can plan for irregular expenses like holidays and birthdays so that the emergency fund is only used for emergencies. He suggests keeping this money in a different account than where you normally bank, so it is that much harder to get to, unless you have a real emergency. Grow Your Emergency Fund Faster With CIT’s High Interest Rates CIT offers interest rates that are typically 11X the national average or greater. The money in your bank should be growing faster. 6. Use Cash Did you know shoppers who pay with a credit card spend more than those who use cash. It’s easier to overspend with plastic than if you are paying with cold, hard cash because you only have so much money in your pocket. Dave Ramsey recommends using the cash envelope method. As long as your envelope has cash in it, you can spend it. But when it is gone, it’s gone. Want to earn cash-back on your purchases *without* a credit card? 7. Attack Debt If you pay the minimum on your debt it will be nearly impossible to pay it off. Attack your debt as quickly as possible. Dave Ramsey suggests the snowball method. You make minimum payments on everything but the smallest debt. Pay as much as possible on the smallest debt to knock it out fast. Take all of the money you paid on the small debt and apply it to the next one. Keep rolling that money over … like a snowball. Lower Your Credit Card Interest Rate Have multiple credit card debts? Did you know you can combine your debts into a single payment AND pay less in interest. It’s called Debt Consolidation (or debt combining), and it allows you to get out of debt faster while paying less money every month. Here’s how it works: Let’s say you’re in debt $15k across 4 different cards. A credit card company will pay off that debt (you’re not in debt to those 4 credit card companies anymore), and give you their card with a $15k debt. This is called a Balance Transfer Credit Card. Why would you do this? Because this new card’s interest rate is a fraction of what it was before. Balance Transfer Cards offer down to 0% APR (interest) for 12-18 months (your rates will depend on your credit score). Lower interest EVERYTHING in terms of paying down your credit card faster and for less money. 8. Avoid Temptation If you have a weakness for spending money on “deals” when you shop, then limit the number of times you shop. If you tend to overspend on groceries when you are hungry, then eat before you go. Learn what your weaknesses are and then avoid places that may cause you to slip. 9. Give Giving plays an important part of Dave Ramsey’s budgeting process. Whether it is to a church, a charitable organization or to someone who has need, make giving a part of your financial routine. Nothing feels better than knowing you had a hand in helping someone else. Remember These Tips to Improve Your Finances Ibotta – Save on Groceries + $20 Welcome Bonus Ibotta is giving their users cash back on the food you buy every day (over $600M and counting). You can earn cash back nearly every time you visit the grocery store with this app, and you get to turn that into free gift cards to your favorite stores (Yes, that includes Amazon). Start saving money when you take a picture of your grocery receipt. Trim Down Your Internet Bill If you’re willing to negotiate, internet service providers are likely to lower your rate. But what price do you ask for? Trim is a professional service who specialize in negotiating bills down. You will keep 66% of the savings the first year and 100% of your savings every year after. Lower your Electric Bill Lowering your power bill can be as simple as switch providers. Electricityrates.com makes it simple. Lower your electric bill after you enter your zip code at electricityrates.com. Destroy Your Credit Card Interest Transfer all of your credit card debt onto a Balance Transfer Credit Card. Get down to 0% APR for 12-18 months (your rates will depend on your credit score). Head over to Credit Land and pick out the balance transfer card perfect for you. Stop Eating Out – Get $5 Meal Plan And Save You’d be surprised by how much you’d save if you ate out one less time per week. Sign up for $5 Meal Plan because you will save money cooking flavorful meals at home.

9 Essential Dave Ramsey Tips You Need to Try

These Dave Ramsey Tips Will Lead You to Financial Freedom

1. Create a Spending Plan

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These Dave Ramsey Tips Will Lead You to Financial Freedom

1. Create a Spending Plan

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