“The Total Money Makeover” – Change Your Finances Forever

Book Review : The Total Money Makeover by Dave Ramsey

Dave Ramsey has an entertaining manner to teach basic concepts of good money management. Even he explains that there is nothing new in his program, it is the wisdom of how grandma lived. He includes giving to others, as a tithe, which is taught in the Bible. Paying yourself is also an important principle, and that the necessities must be met before paying off debt.

He breaks down the process of getting out of debt into baby steps. Succeeding in small goals help keep the people doing his program motivated to continue. The final step is a reward much bigger than just getting out of debt; you find peace, strength in your marriage and build a foundation to change your family forever.

The Total Money Makeover includes many personal experiences that offer inspiration in addition to the nitty gritty details for success.

The Basic Baby Steps

1 – $1,000 in an emergency fund (Christmas is NOT an emergency, this fund is for true emergencies)

2 – Debt snowball, eliminate the smallest debt first and then move to the next until all  debt, except the house, has been paid off

3 – Finish building an emergency fund, 3 – 6 months of living expenses

4 – Save for retirement, 15%

5 – Save for college funds for kids

6 – Pay off your mortgage early

7 – Build wealth, invest and give

There are many classes available that teach Ramsey’s program in greater depth and offer support. It is difficult, but it is worth it. The workshops are called Financial Peace University and are well worth the price for the support.

I highly recommend this program regardless of how much money your family earns, it will improve how you work with money. I really enjoy Dave Ramsey’s common sense. This approach has changed our lives. The Total Money Makeover, or Ramsey’s other programs, are also easily understood by children. When kids are taught young they will have an easier time staying out of debt and being financially responsible as adults.

5 out of 5 stars

– Michelle


About Tales Untangled

I am a mother of four children and have a passion for reading. I love sharing my treasury of books with my kids. I also do experiments in cooking which includes such things as Indian Tandoori Chicken slow cooked in a tagine. Weekly I get together with friends and go to yoga for a bit of mommy time. Some may find me quirky, I prefer to think I am one of a kind.
This entry was posted in All Time Favorites, grown up books reviewed, Self-Help Books Reviewed and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to “The Total Money Makeover” – Change Your Finances Forever

  1. Kip says:

    I highly recommend this self help book. It will literally change your life. I’m personally indebted to him for teaching our family how to get out of debt. Be free and read it.

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