I have never done it but heard AMAZING things about it. I think it can't hurt to try, right? I would like to do it someday, with my schedule now it's just not possible but I think you should give it a shot. Good luck and let me know how it goes!
I'm sure it's possible just difficult. But if you put your mind to it you can do just about anything. I'm not following Dave Ramsey per se but I am working towards getting out of debt. I'm slowly getting there. My goal is 10 yrs. To be completely out of debt and that includes over 50K of student loans.
I'm sure it's very possible. I may be tough and you may have to cut out things you really like but in the end, it is better to be out of debt.
I think the first thing would be to figure out all your bills and see where you can cut and then set a budget from there.
i am really thinking of getting rid of or majorly cutting back our Dish Network. I want to reduce my car payment but I don't think that will work right now. I've considered getting a 2nd job but I don't think it would make much difference in the long run with taxes and limited hours I'd be available to work.
I don't see why it wouldn't be doable. Give it a try.
I took the Financial Peace University course a few years back, and have done the budget ever since. The principles are right on. I wasn't in debt, but I also wasn't budgeting and was constantly spending more than I had, and didn't know where my money was going. I think applying his principles is especially important for a single mom. The more difficult your situation, the more important it is to apply them.
I am a single mom. I do get 'some' support, but C/S ends when the kids are of age, so that won't be forever. I am also disabled (working on getting disability). I know that due to my disability, I won't be able to work for too much longer. I am currently taking Dave Ramsey's Financial Peace University. We're only on the second week.
For me, its not that I am IN debt, it's that I want to prevent that. I want to live TODAY and have a life TOMORROW...
Quoting LifeCafe42:I'm a single mom with no income other than my own. I own my home have a car and no debt aside from those. I sacrifice we don't eat out and I budget it's possible to be done
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