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In many respects, thebrilliant advice of Dave Ramsey lies in its simplicity.
My wife and I had our family at a young age while we were attending college, explained Parker.
Life happened fast, we made many mistakes along the way such asour car loans and credit cards.
We were definitely living beyond our means and purchased cars that we didnt need nor really afford.
Learning the Baby Steps is one thing, but having the money to follow them is another.
However, Parker has learned the value of the simple act of budgeting.
It may sound too easy to work, but for him it has.
My wife and I plan and review our budget monthly and this really helps us seeour hard workpaying off.
It is also very helpful to use their EveryDollar app to help track everything, he said.
Increasing Income
While budgeting can help reduce expenses, sometimes theres not enough spending to cut.
As Parker realized, increasing his income could help pay down debt much faster.
Im on Baby Step 2.
However, both my daughters are currently in college, and I dont want them to go into debt.
Overall, Parkers story shows that simplicity can be valuable.
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