I'm horribly analytical. There's very little black and white with me. It took at least three days for me to decide which car to take to Detroit this weekend. What if, and what about that, and maybe this would be better... It can be really annoying. With finances I drive myself crazy. I think I should put the extra $10 towards the emergency fund but I'd really rather pay a bit more on the smallest credit card but we haven't eaten out in a long time and my husband has been so stressed lately (just an every day example).
The really nice thing about Dave Ramsey's financial peace plan is that it's completely black and white. There is a specific answer and correct way to go about everything financial. But on the flip side for an overly analytical person like me its torture not being able to control or devise my own plan. Thus for several years I've been implementing bits and pieces of Dave's plan, slowly, SLOWLY crawling out of debt and analyzing every financial decision I make along the way.
It took a long time but I finally came to agreement, after much much analysis that baby step one: $1000 in the emergency fund is essential. I also struggled forever with the cash only payment part of Dave's plan. But after pit fall after pit fall, again he's right. If you want to spend less, if you want to pay off debt faster, if you're anything like me and want to be more financially responsible paying with cash is the only way to go.
Okay what if, and I know alot you don't follow or wholly agree with Dave, but what if after years of driving myself insane with every little financial decision, what if I spend the rest of this year just throwing in the towel on my own madness and trying Dave's way, for real?
hmm, I'm going to have to think about this for a few days.