Tuesday, December 07, 2010

Budgeting Software...

Dave Ramsey has a $10 sale going on over at his website on his books, cd's and software. I purchased the financial planning software because I have a really hard time with budgeting and his plan calls for a zero based budget. He says it usually takes a few months to get used to budgeting.

It is probably going to take me a while to get the handle on it, but knowing that I can't use my credit cards and I only have $1,000 in emergency funds should help.

4 comments:

YBP said...

great!!! You are doing great!!! Remember the race is not given to the swift, but to the one who endures to the end.

Chitown said...

Thanks YBP!

Getting close to 30.... said...

I just found your blog and I’m really enjoying it! I’m going through the same thing. I’ve been listening to Dave Ramsey for a while, but I haven’t read any of his books. I really like his debt snowball plan and the emergency fund. I’ve pretty much taken his steps and adapted them to fit me. I have consolidated most of my credit cards so I only have 2 payments, but it’s still works great, and as far as the emergency fund, I upped mine to $2000, because $1000 just doesn’t seem to cut it. I have to be honest…. I still struggle, but I have been using a excel spreadsheet budget that I created for a little over 2 years now. The budgeting part is actually really fun- I love seeing a plan in place and over the years I have altered it and made it more detailed, but for me the hard part is really sticking to it. I also like Dave’s envelope idea- divvying up all the cash you have and mark the envelopes with where the cash goes and once it’s gone it’s gone. It’s a huge commitment, but it definitely works. Good luck!! Sending you ‘prosperity vibes’! :-)

Chitown said...

Hi Getting Close to 30!!!

So glad you found my blog. I could use all the help and advice I can get. =)

Dave Ramsey had an amazing sale over at his website for $10. I bought the black envelope wallet and put my expensive Coach wallet to the side. It has seperate segments for gas, restaurants, food/groceries, entertainment and miscellaneous. I also took all the credit cards out of my wallet. I had to. I've been using them and paying them off every month but it just depleted my savings account.

I think the $2,000 eFund amount is a good amount for me too. I am going to stick with that since my car repairs last year were $1,500. Ouch!!!