by Karin | Start Fresh | May 7, 2014 | Debt & Money Matters
Baby Step 4: Saving for Your Retirement After completing the first 3 baby steps, you will now be debt-free except for your home loan {if you have one} with a fully funded emergency fund. Now it is time to get serious about building wealth, and the first thing to do is...
by Karin | Start Fresh | May 7, 2014 | Debt & Money Matters
Baby Step 3: The Full Emergency Fund At this point you will be debt-free and have a small starter emergency fund. 3 to 6 months of expenses in savings Now to really blow your mind {and life-long misconceptions about personal finance}, Dave Ramsey suggests that we have...
by Karin | Start Fresh | May 3, 2014 | Debt & Money Matters
Baby Step 2: The Debt Snowball After completing Step 1 {The Starter Emergency Fund}, it is time to get gazelle intense to pay off all your unsecured debts, including your car but not your home loan {if you have one}. As a child of Sunny South Africa I have no idea...
by Karin | Start Fresh | Apr 27, 2014 | Debt & Money Matters
Baby Step 1: The Starter Emergency Fund Why do I need this? This was the first major money mind-shift we had to make when we started our Journey in December 2012. We had always thought that when you are in debt, you have to throw everything at the debt and delay...
by Karin | Start Fresh | Apr 23, 2014 | Debt & Money Matters
Times Live reported this week that 76% of South Africans’ income goes to debt repayments. People earning more than R15 000 pm are more likely to apply for more credit – using personal loans to fund our lifestyles have become normal behaviour. Does this...
by Karin | Start Fresh | Apr 14, 2014 | Debt & Money Matters
The Four Walls: Food, Shelter and Utilities, Transportation and Clothing. This is another valuable Dave Ramsey nugget. Have you ever fallen into the cycle of paying your credit card and then buying basics such as food with that same credit card? It’s a tough...
