I am looking forward to retaking Dave Ramsey's Financial Freedom classes starting next week!!! I signed up in January for my very first time in his class. My best friend, Autumn, and I enjoyed every class and learned SO MUCH! Since beginning the class this year, my family and I have made more conscious efforts to manage our finances and become financially FREE! To do so, we have had to cut back a lot on our spending, and in doing so have been blessed to do more for others.
We look forward to learning more our second time around, and hope to implement more of his strategies in everyday life.
Unfortunately, we were not always wise to the limitations debt can put on us, and it was entirely our fault for getting ourselves into debt...one day, hopefully soon, we will realize our dream of living completely DEBT FREE!!!
Debts consist of:
Mortgage/refinance loans
Car/vehicle loans
School/college loans
Personal loans
Credit cards
Business loans
Credit debts
any other money owed
Before we start the class, I am going to add up our total debt and compare it to where we were at the beginning of 2009. I WILL BE POSTING HERE WHAT OUR CURRENT HOUSEHOLD DEBT IS!!! If you would, I would absolutely LOVE to know where you are at with financial debt. You can post anonymously if you prefer. I would like to get an average debt per household for FIFTY readers!!!
THANK YOU FOR PARTICIPATING!!!
Our Household Debt Total: $107,825.47
Whew! Putting it out there for the whole world to see is a little stressful!!! We have been working hard on reducing our debt, and it has been quite a challenge. While Dave Ramsey says that you do not have to include your mortgage in your total debt, I have chosen to include it. Regardless, it is money that we owe, and money that we are paying interest on.
We are proud to say we are out of credit card debt!!! :-) We are still paying on one of my school loans and my car loan.
Our next step is to pay off my car, then the school loan, and THEN the mortgage! Hopefully we can refrain from adding to our total debt anymore!
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