Why We Started the Total Money Makeover

Posted 07-10-2013 at 11:00 AM by Krista

Today, July 1st, marks the beginning of our Dave Ramsay Total Money Makeover. We are really, really trying to work on this and get our finances in order. This year my father lost his job, and my mother has, due to illness, been unable to work for years. As of yet my dad has not found another job, and though he is not quite sixty, I don’t think he intends to. Now, my parents are nowhere near wealthy, but there house and cars are paid for and they do have some retirement funds.

On the flip side of the coin, my father in law also lost his main source of income this year. He gets money from the Airforce as a retiree, and teaches at three different colleges in addition to having been employed for Civil Air Patrol. My mother in law also works, and they had a pretty sizeable annual income. At least, in my opinion. If you ask my mother in law, she will tell you it was “peanuts” but I will say that it was almost three times than my husband makes!

Anyway, when they lost the bigger portion of that income I came to know that they also had a very, very sizeable amount of credit card debt: $200,000 dollars. Wow! It really got me to thinking about money. Here my dad was, and my parents combined have never come even close to what my Father in law’s salary was, yet here they were, both unemployed, and my parents aren’t concerned. My father in law still brings in quite a bit of money with his other jobs, but they are freaking out because of how they have chosen to live and spend their money.

We always tell ourselves that we have time to pay off the debt, that we can put it off until later, but sometimes “later” is gone before we realize it. We tell ourselves that when we make more money things will be different. That might be true for 3% of the population, but the truth is, if you aren’t spending wisely now you probably never will. More money will mean more stuff, and more debt.

This is why we decided to start the Total Money Makeover, because honestly, I don’t want to be like my Father-in-law who, at sixty-two, was still expecting to work for ten more years to pay off credit cards and loans. I know that you don’t either, so make a change in your life today that will affect your future.

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Comments

4 Responses to “Why We Started the Total Money Makeover”

  1. Rachel.castlen on July 11th, 2013 11:54 am


    we are huge Dave fans!! the TMM has made an incredible difference in our lives, marriage, and finances. i hope tons of mamas get inspired by your post! :)

  2. MEL LEP on July 12th, 2013 11:36 am


    We are huge Dave fans as well!! His radio show is very motivating for us to continue on our path. Your post is great! :-)

  3. marvelous on July 13th, 2013 5:19 pm


    We went through Financial Peace University and it was the HUGEST blessing in our lives! It MATTERS and it is WORTH IT that you are doing it now. It might be hard at first, even for a few years, but when you look back you will only wish you started sooner. Wishing you and others who start because of your post the best with TMM!

  4. Marie8603 on July 15th, 2013 3:02 am


    Good for you! We started our TMM in January 2012. We are now on step 3 and a little on step 6. We did the steps a little different. Step 3 we have 3-4 months saved and are still saving a little each month to make the 6 months of savings. Hopefully soon we can start step 5.

    Sounds like your In-laws could benefit from the Financial Peace University.

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