Baby Step OneDave Ramsey has 7 Baby Steps to Financial Freedom. If you do a quick Google search you’ll come across three different opinions on Dave Ramsey: people who think he is awesome, people who think he is too rigid, and people who think he is not rigid enough.┬áIn the end, I don’t think it matters what other people think. I think it matters what you think. Much like Goldilocks and the Three Bears, there is a lot of financial advice and options out there and you need to do what best suits you and right now, this best suits me.

I need some guidance, and I need little milestones along the way. (Dave Ramsey even addresses this issue, but I’ll probably discuss it in a later post when I start talking about knocking out the next credit card.) And so starts my journey to Baby Step One: $1,000 in savings.

I read an article saying a car emergency could easily wipe out $1,000 in savings, which is true, but if you end up in the hospital you could easily end up with a $5,000 hospital bill you don’t have cash for, too. You can’t plan for every emergency, but you can plan for some of the smaller emergencies, and this is a great start.

Baby Step OneSo where am I now? I currently have $250 in my “jar.” Yes, I even have an actually jar in my planner so I know where I stand! It’s satisfying to watch it fill up and helped me with a bit of my frustrations to see that every little bit adds up.

I’m blessed at this point in my life to have things fall into place. I have some back pay coming in from a second job that will help me unexpectedly fill it up a bit faster and I am hoping it will be full by the end of January. I’m really tightening my belt to meet this goal and get started on credit card #3.

Now, I’m not so starry eyed that I don’t think I’m going to wipe my debt away by the end of the year. It took a while to dig myself into this hole and it’s going to take a while to dig myself out. I can, however, put in the work and get myself turned in the right direction and get some good habits solidly in place by the end of the year.

I also have big charges due throughout the year that I know are going to cause bumps that put a pause the forward momentum. I already know I’ll get frustrated, but I’m determined to try to set aside some savings over and above Baby Step One when I know those things are coming (car insurance, for example). That’s life. But the point is to keep going. I’ve got a motto and a method for what I do when something like that tries to get in my way, so look forward an explanation of that in my next finance post.

How are you doing with your finance goals this year? What areas do you need to work on? Are there any tools you can use to reach your goals? What kind of encouragement can I give you?
Baby Step One

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