GET SOME FINANCIAL PEACE THIS HOLIDAY SEASON, Article by Dave Ramsey
If you pay for your holiday festivities with credit, you're bringing a stalker home for Christmas!
The holidays will follow you around all year long...
The process usually goes something like this:
You buy a feast for Thanksgiving, and Christmas gifts for your family, more than likely waiting until the last minute for each occasion and missing the good deals. If you're not on Dave's plan (and, if not, what's stopping you?), you throw everything on the credit card.
In January, the bills start coming in the mail. One by one, the bills remind you of the temporary holiday thrill-rides. Unable to pay everything off at once, you pay the minimums.
By June, you've hardly made a dent in the holiday debt—which has simply been added to all your other miscellaneous debt like student loans, mortgages and the always-dreaded car payment.
By fall, you should be planning ahead for next Christmas. But, instead, you're still dealing with last year's debt—plus all the accumulated debt from the ghosts of Christmases past.
And the cycle continues. That is, until you finally say, "Enough!" No more debt. No more credit. It's time to make a plan early in the year, and then stick to it!
Thanksgiving is always on the fourth Thursday of November. Christmas is always on December 25. These dates never change. There's no excuse for getting caught off-guard and desperately piling up mounds of debt on credit cards.
So let's say you haven't started making a plan for the upcoming holidays yet, but now you are ready to get moving. You've still got time!
Consider some of these holiday shopping ideas:
Research. Before you head to the mall, look for deals online. Visit the websites of the stores you plan to visit, and check out their prices. Don't waste your time shopping at one store if you know the store down the street has a better deal.
Make a budget. This is common-sense stuff, but it's amazing how many people have no financial plan for their spending. They are like an energetic kid in a toy store, grabbing the first toy that looks pretty and tossing it into the shopping cart. In order to work your way out of debt, you must become disciplined during the holiday season. If you must buy for everyone, keep it simple and stay within your means—however meager they may be. Don't get caught up in "bigger is better," or else the bigger debt in January will remind you of how stupid that mindset is.
Use Cash. As Dave always says, you spend less when you use cash. Before you hit the stores, swing by the ATM and pick up a pre-planned amount of money. Then, stop shopping when it's gone! If you've planned ahead and followed the two steps listed above, then using cash should be easy. You'll know what you need to buy and how much it will cost—before you start.
Start now—no, really, right now!—planning for your Thanksgiving and Christmas celebrations. Or, wait until the last minute and celebrate them for months to come by wading through all those bills.
The choice is up to you!
Dave Ramsey http://www.daveramsey.com/
My husband and I have gotten completely out of debt, it is a huge relief let me tell you! We have an emergency fund, because face it gals, there is always some emergency that your going to have, I know, cause we just had two back to back!! We have over $3000 dollars in Doctor bills from my sons recent broken leg and resulting surgeries, even after the insurance paid their part! Number 2 emergency: Our Dodge Ram pickup trucks engine just blew up, we needed $2,000 bucks to get a new engine, (thank the Lord my husband could put it in himself, otherwise it would of been around $4,000 bucks all said and done). HOLY COW, WHAT WOULD I HAVE PAID IN INTEREST ON A CREDIT CARD FOR JUST THOSE TWO ALONE??? Shuttering to even think of it...
We have peace knowing we had COLD HARD CASH to buy that engine, and pay those Dr. bills, nothing goes on credit cards EVER! It is a rule we have followed since going through Dave Ramsey's, Financial Peace University.
I encourage you, to find a local church offering his classes, and then sign up and take them!..you will never be the same! While the rest of the world tries to keep the debt collectors from their doors you will be smiling and peaceful...it is a great place to be!
A great book too: 48 Days To The Work You Love, if you, or a loved one is out of work, hates their job or is looking to re-train, this is the book for all of those situations, check it out, they have them for pretty cheap on Amazon!
Bless you, and hope this will be of help to someone out there, I know times are really tough. You must do everything YOU can do to help lift yourself out of debt, then pray all the scriptures about finances in the Bible, my fav is:
The Lord shall supply ALL of my needs according to HIS riches in Glory by Christ Jesus! Philippians 4:19.
If your suffering, get into the word, listen to uplifting sermons, I download all of Joel Osteen, and Joyce Meyers sermons to my Zune, you can simply NOT have a bad day after listening to either one of these wonderful people preach! Keep a positive attitude, cause a bad attitude won't get you anywhere except deeper in darkness.
OH, another scripture I love, knowing I am a princess daughter of the Lord:
"And I, having received the gift of righteousness do reign as a King/Queen in this life by Jesus Christ! Romans 5:17 Yup, no wonder I love crowns and tiaras!!!!
