Posts Tagged ‘ramsey’
Rule Two of the YNAB Budgeting Method
May 17th, 2009
Rule Two basically says that you need to give every dollar a job. It helps you clearly establish your priorities, cut wasteful (no value added) spending, and focus resources where you really care.
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Rule Four of the YNAB Budgeting Methodology
May 13th, 2009
Rule Four basically stipulates that what you overspend this month will be deducted from next month’s available funds. It’s called ‘Rolling with the Punches’ and it gives you actual consequences you’re forced to deal with — instead of some useless budget variance report.
We’re Debt FREE!!!!
March 20th, 2009
After following Dave Ramsey’s Debt Snowball steps, we finally paid off almost 000 of debt in only 9 months! We made a fun video ‘dramatization’ of what it would be like if we called Dave Ramsey on his radio show to talk about how we did it and scream “WE’RE DEBT FREEEEEEEEE!!!” For more details on how we did it, check out my website at http://www.hughsung.com/prosperousmusician/prosperousmusic.php?itemid=993
Rule Three of the YNAB Budgeting Method
March 10th, 2009
Rule Three is to Save for a Rainy Day. You set aside monthly amounts for expenses that happen less frequently (but are usually larger). For example, Christmas, property taxes, car insurance, etc. These can be both known (property taxes) and unknown (car repairs) expenses infrequent expenses. Following Rule Three lets you smooth out your cash flow and avert most crises before they ever start.