Living Sweet Moments

Delicious and easy recipes from scratch

  • About
    • About Me
    • Honors And Mentions
  • Recipes
    • Instant Pot Recipes
    • Breakfast/Brunch
    • Snacks
    • Beverages
    • Appetizers
    • Breads
    • Salads
    • Side Dishes
    • Soups
    • Entrees
      • Meats
      • Pasta
      • Poultry
      • Seafood
      • Vegetarian
      • Stuffed Eggplant Recipes
    • Desserts
      • Brownies/Bars
      • Fudge
      • Mousses
      • Best Cake Recipes
      • Cookies
      • Cupcakes
      • Frozen
      • Donuts/Quick Breads
    • Spreads
    • Venezuelan Recipes
    • Jewish
    • Holidays
      • Valentine’s Day
      • Halloween
      • Christmas
  • Recipe Index
  • Daily Living
    • Parenting
    • Household Tips
    • Money Saving Tips
    • DIY Projects
    • Random Thoughts
  • Entertainment
    • Movie Reviews
    • Celebrities I’ve Interviewed
    • Entertainment News
  • Travel
  • Contact Me
You are here: Home / Daily Living / 5 Tips For Breaking Down Debt (The Dave Ramsey Way)

5 Tips For Breaking Down Debt (The Dave Ramsey Way)

June 21, 2014 by Tiffany 4 Comments

Yum
Tweet
Share
Pin265
Email
Share
Reddit
Buffer
265 Shares

tips-for-breaking-down-debt

5 Tips For Breaking Down Debt (The Dave Ramsey Way)

Debt is one thing in this life that continuously wears on us. That’s why it’s important to get out of debt as fast as you can without looking back. Dave Ramsey is a guru in the debt slicing world. He has great tips that I’ve been able to take and apply them to my own life. While he has a great plan in place, sometimes you have to customize the plan to fit your needs.

#1. Budget

It amazes me how many households in America do not have a budget. Instead of paying bills first, people are using their money on going out to eat and for fun. Creating a budget gives you financial freedom in so many ways. You are telling your money where to go. This is one way to slice debt because you are able to put your money where it goes, while also applying leftover money to debt. If you have no leftover money (after paying bills), you are at least putting it in the right places. 

#2. Rolling with It

When it comes to paying off debt, you are going to have some really good months and some incredibly bad months. Snowballing can be difficult, but in my opinion this is one of the best tips Dave Ramsey has. He tells you to snowball your debt from smallest to largest. It sort of gives you the oomph you need to go ahead and get debt paid off. If you have been saving money for a rainy day, this is the perfect opportunity to put it towards debt that is just accumulating you interest. 

#3. Support

I’ve noticed that people pay off debt faster when they have the support they need. If you don’t have the proper support in real life, consider joining a group on Facebook. Search for Dave Ramsey Debt groups and click to join. There are some hard core debt payers out there and you are bound to find some in these groups. Of course, joining Financial Peace University will also help you come in contact with those who support you. 

#4. Pace Yourself

Paying off debt is exhilarating; you are so close to being free. I would recommend pacing yourself. Set small goals and meet those goals head on, one at a time. You are more likely to pay off debt when you are not burnt out from it. 

#5. Don’t Accumulate More Debt

I think one of the biggest mistakes people make when they are paying off debt is that they justify new debt. Accumulating more debt will not help you reach the ultimate debt free status. You must also understand that life happens, but we must also be prepared. Having an emergency fund in place is important because it’s a matter of when you will need it, not IF you will need it. Americans are so used to relying on credit to buy things they want now, so they can pay letter. If you want out of debt, you have to change your way of thinking. 

The amount of debt you are in doesn’t matter, getting out of debt is what matters. I say do what it takes now. Dave Ramsey says “live like no one else now, so you can live like no one else later.” While your friends and family might mock your frugal efforts now, you are only headed towards bigger and better things (by paying with cash of course). 

Yum
Tweet
Share
Pin265
Email
Share
Reddit
Buffer
265 Shares

Filed Under: Daily Living, Money Saving Tips Tagged With: dave ramsey breakdown, dave ramsey debt ideas, debt counseling, debt ideas, tips to breaking down debt

« Ranch Goat Cheese Pizza
7 Unconventional Ways To Declutter Your Home »

Disclosure: This post may contain affiliate links. I receive a small commission at no cost to you when you make a purchase using my link.

Get More Updates!

Sign up to get exclusive updates & tips!

Privacy Policy

Comments

  1. Dorothy Boucher says

    June 21, 2014 at 10:05 am

    these are all great tips, I know for myself this is what I am doing now from past bill when I was youger, everything catches up with you sooner or later, I just take my time paying it but get it done ๐Ÿ˜‰ thanks for share

    Reply
  2. Terri S says

    June 21, 2014 at 8:40 pm

    Great tips. Thank you for sharing them.

    Reply
  3. Jackie says

    October 31, 2014 at 12:13 pm

    I think not accumulating more debt is the biggest one. People get in the habit of turning to debt as a solution, when really it’s a problem. Change that one thing and everything else changes too ๐Ÿ™‚

    Reply
    • Tiffany says

      October 31, 2014 at 12:16 pm

      I agree Jackie, that sometimes is the hardest thing to stop because it requires a big change in lifestyle.
      Thanks for stopping by

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow Me:

  • Bloglovin
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Search This Blog

Categories

Popular Recipes

This delicious Cuban Sandwich Wrap made with turkey, is ready in 5 minutes or less and is the perfect quick weeknight dinner that is both exotic and tasty!

Easy Cuban Sandwich Wrap

This delicious Peruvian Quinotto recipe is made with seafood, wine, and tomato. Perfect for summer entertaining and can be made in 30 minutes or less. Yum!

Amazing Seafood Quinotto Recipe

This yummy Latin Cheese Bread (almojabanas) is gluten free and delicious. Perfect to serve as rolls during dinner and as appetizers for a party or brunch. Originally from Colombia.

Incredible Latin Cheese Bread – Almojabanas (GF)

This delicious St. Louis Gooey Butter Cake Recipe is easy to make and has chocolate and coconut in the middle for extra flavor. The perfect summer dessert!

St. Louis Gooey Butter Cake Recipe

These delicious Skinny Mug Brownies have less than 100 calories each and are made in the microwave in just 1 minute

Skinny Mug Brownies ( Under 100 Calories )

More yummy Recipes..

LSM Cooking Channel

Newsletter

Subscribe for email updates!

Privacy Policy
  • Bloglovin
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
my foodgawker gallery
Living Sweet Moments

Welcome!

Hello! I am Tiffany, the blogger, cook and photographer of Living Sweet Moments.
I a married and have 2 little girls. We currently live in Miami, Fl
I spend my days cooking and baking delicious recipes that you will surely love. So sit back and enjoy! Read Moreโ€ฆ

  • Bloglovin
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

More From the Blog

Give your weeknight dinner a Latin twist and make this delicious Baked Yuca Pie filled with shredded chicken and topped with lots of cheese
Skip the drive thru lane and enjoy a delicious meal at home. This Copycat Taco Bell Crunch Wrap recipe is easy to make, healthier and ready in no time.
This amazing Rosemary Olive Bread Recipe has a nice crust on the outside and chewy on the inside. Better than any bakery. Enjoy a few slices with olive oil.
This amazing Succulent Orange Curd Cake consists of 3 layers of moist orange cake filled with orange curd and topped with Swiss vanilla buttercream.
This decadent Crunchy Chocolate Hazelnut Cake has 3 layers of chocolate cake filled with creamy chocolate hazelnut ganache and frosted with praline cream
  • Home
  • Contact Me
  • About Me
  • Disclosure
  • Privacy Policy

Copyright © 2019 · Foodie Pro Theme by Shay Bocks · Built on the Genesis Framework · Powered by WordPress