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Affiliate Disclosure
I’m a big fan of Dave Ramsey.  I bought one of his books on his debt management strategies and it really impressed me.  I’ve read lots of similar plans, but this one really got my attention and it seemed like something I could really do, especially the debt snowball plan because at that point, I was in crushing debt.
Dave Ramsey bookI got the book for myself and then I studied it like it was my JOB.  We started a debt snowball to pay off nearly $30K in debt, set up an emergency fund so we wouldn’t put emergencies on a credit card, and made some major changes to my spending habits.  It took quite a while, but it really made a huge difference in our financial lives.  So I got to thinking about our kids.  I didn’t want them to struggle like we had, but how to get their attention?  Well, I went with what had always worked – BRIBERY!  

Getting My Kids on Board

I really wanted my three kids to get the benefit of Dave Ramsey’s excellent advice as well, but I knew if I just told them about it, it would just go in one ear and out the other.  I knew they’d really benefit from this program, but how do you get these 20-something kids to follow through and actually READ the book?  

The answer – I paid them!  I got three copies of the book, taped a $20 bill to each of them and handed them out.  Then I told them that they couldn’t have the twenty until after they had listened to the program.  Since I figured that these lessons were likely to help them for the rest of their lives, I counted that $60 as the best money I ever spent in my life. 


“Then I told them that they couldn’t have the $20 until after they had read the Dave Ramsey book – best money I ever spent!”

Dave Ramsey to the Rescue

Sometimes when you really want to get serious about something, you need to literally put your money where your mouth is.  And it did make a big difference.  My oldest son and his wife immediately started an emergency account and started working on paying off their debts.  They will be buying their first house next month.  And my middle son started building up his savings account and picked up a 2nd job to start saving for his first apartment.  And the youngest son immediately started paying down his credit card.  All these years later and none of my kids has had any serious issues with debt.  
What is the best money you’ve ever spent?  Seriously, try this with your own kids.  The cost of the book plus a $20 bill could save your kids thousands of dollars and a lot of stress over their lifetime!  
Disclosure:  As an Amazon Associate I earn from qualifying purchases.
Dave Ramsey’s The Total Money Makeover

debt snowballWould you like to have your very own debt snowball spreadsheet?  I’m happy to share it with you because it’s been such a huge help to me in my own get out of debt plan.  It’s not a spreadsheet that I’ve created myself, it’s in the public domain, but it’s a super amazing spreadsheet.  Much more sophisticated than anything I could have created, but still very simple to use.  Plus I throw in a sheet of my best debt management tips to help you out.  And I will occasionally send you a newsletter as I come across other helpful tips.  You can click HERE to get your own copy for FREE.  

Here are some other posts you might enjoy:

Toxic Money Behaviors

Paying Cash for College

The Trick to Minimum Payments


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