9 Essential Dave Ramsey Tips You Need to Try

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.

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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.

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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