Who knew April is "Financial Literacy Month?
Check out this post about financial vocab words-brush up on your knowledge or teach your kids!
30 Financial Vocab Words Your Kids Should Know. #
Sunday, March 27, 2011
Monday, March 21, 2011
The Beginning.
What do you believe about money? Here are a few of the things that I have been taught through out my childhood...
1) Save, Save, Save.
2) Get a job.
3) If you want something-Get another job.
4) Spend less than you make.
Thank you, parents, for a drilling these ideas into my head. But I'm going to need to learn a whole lot more if we are going to make smart financial decisions in our future.
This desire to make smart financial decisions and have a game plan has inspired the
"Herbolsheimer Family Financial Peace Adventure"!
The step-by-step guide to Financial Peace is provided by Dave Ramsey's 'Total Money Make Over'.
Step 1-$1,000 Emergency Fund.
Step 2-Debt Snowball.
Step 3-Fully Funded Emergency Fund. 3-6 Months of Expenses in Savings.
Step 4-Invest 15% of Household Income into both Roth IRA's and pre-tax retirement.
Step 5-College Funding for Children.
Step 6-Pay Off Home Early.
Step 7-Build Wealth and Give!
http://www.daveramsey.com/new/baby-steps/
Baby Step 1 was simple. We got married October 10, 2010. We managed to keep the wedding costs fairly low and had leftover money in the budget to fund our $1,000 Emergency Fund.
Baby Step 2, paying off debt using the debt snowball is a little tougher. Read the next post to hear more about Step #2!!
1) Save, Save, Save.
2) Get a job.
3) If you want something-Get another job.
4) Spend less than you make.
Thank you, parents, for a drilling these ideas into my head. But I'm going to need to learn a whole lot more if we are going to make smart financial decisions in our future.
This desire to make smart financial decisions and have a game plan has inspired the
"Herbolsheimer Family Financial Peace Adventure"!
The step-by-step guide to Financial Peace is provided by Dave Ramsey's 'Total Money Make Over'.
Step 1-$1,000 Emergency Fund.
Step 2-Debt Snowball.
Step 3-Fully Funded Emergency Fund. 3-6 Months of Expenses in Savings.
Step 4-Invest 15% of Household Income into both Roth IRA's and pre-tax retirement.
Step 5-College Funding for Children.
Step 6-Pay Off Home Early.
Step 7-Build Wealth and Give!
http://www.daveramsey.com/new/baby-steps/
Baby Step 1 was simple. We got married October 10, 2010. We managed to keep the wedding costs fairly low and had leftover money in the budget to fund our $1,000 Emergency Fund.
Baby Step 2, paying off debt using the debt snowball is a little tougher. Read the next post to hear more about Step #2!!
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