The Most Frustrating Baby Step (and How to Get Through It)

Originally published by the DaveRamsey.com Blog.

Lily graduated from a four-year university with a degree in business—and $35,000 in school loans. She didn’t have any savings, so she used her credit card to pay the deposit on her new apartment. And she swiped it a few more times to buy some nice furniture and appliances. A few months later, she decided it was time to upgrade to a new car, now that she was an adult in "the real world."

But then the bills began rolling in. The grace period on her student loans ended. The 90 days "same as cash" promise from the furniture store came and went. Suddenly, at 23 years old, Lily realized she was more than $60,000 in debt. Something had to change, or else she was going to drown.

It was time to buckle down and dump her debt once and for all.

Maybe you can relate to Lily’s story. Maybe you’re a recent college graduate, a single parent, or quickly approaching retirement. No matter your life stage, paying off your consumer debt puts you knee-deep in the most frustrating of the Baby Steps—Baby Step 2, where you pay off your debt using the debt snowball.

Ai lg babystep

Comments

Day 48 & 49: Death and Pizza

A 63 year old Domino’s delivery driver died outside an apartment in Birmingham, AL on Sunday. "My Father was simply trying to earn an honorable dollar. He didn't feel entitled for it, he worked for it, and it makes me sick to my core how someone felt they were entitled to his money (and drivers never carry much, he always deposits it every time he runs back to the store) or his life over what? $20? My dad’s life was ended for $20??? I can't bear it. I just can't believe it," his daughter said on the site. That story stuck out Monday. It was plastered all over a private driver’s group I’m a part of. I saw it on my phone. I even got a message from a friend on Facebook. “Stay safe,” he said. He included a link to the story. “I saw that. Sad,” I said. Those law enforcement officials will do their best to solve that crime. I’m sure of it. The Pizza Delivery Driver’s Forum has opened my eyes to how bad this problem is. (I am affiliated with the forum as a contri...

Blowing off the dust.

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5 Things Every Pizza Delivery Driver Needs for Success

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ROE INTENSE

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