Posted in Dave Ramsey says . . .

29 Ways to Leap Out of Debt

Today, Dave shared 29 Ways to Leap Out of Debt in his online newsletter, so I thought I would share them with you in honor of this Leap Day . . . and add in a few comments of my own that you can live without, but I’m sharing to make it more of a “real” blog post (or, I just like to try to be funny even though I’m not).

Frugal Living

  1. Start couponing. It’s worth the time, and you can save a ton of money. (I’m pretty novice, but I did save 44% at Kroger today!)
  2. Cut cable. Welcome to 2012, where you can watch most of your favorite shows online. Put that $80-per-month cable bill toward your debt. (So, we have no willpower to cut the Dish, but we did cut down on the programming.)
  3. Stop eating out. If you don’t know where all your money is going each month, we’re pretty sure Applebee’s can locate it for you. (This has been big for us!! I’m hoping it doubles as a weight loss plan.)
  4. Visit the library. Remember libraries? They have free books you can borrow! Free is a lot cheaper than Amazon! (Sadly, I have only been to our public library once in my lifetime. Yes, I know, it’s sad. Does it help if I say I’ve intended to take the kids to story hour?)
  5. Plan your grocery trips. Or, follow your stomach, who really doesn’t care about your budget. Your choice. Get tips for cutting your grocery bill. (Really, I am a nerd that loves sitting down to make my 2 week grocery list while planning the next 2 weeks of meals and matching Kroger deals with our needs. Then, it thrills me even more to see if I can beat my budget during the shopping trip.)
  6. Learn the word “no.” Learn it. Make it a new part of your vocabulary. Love it. Embrace it. Because, when it comes to money, you’ll be saying it quite often. Practice with us now: “NO!” (This one is tough!)
  7. Tell the kids to shut up. When it comes to money, the kids can be a worse guide than your stomach, and they don’t care about your budget either. (Our kids are actually great!)
  8. Avoid expensive hobbies. $200 a month on golf? And you don’t even have a 401(k) or a college fund for your kid? Are you serious? (It’s definitely a pro that my husband doesn’t have hobbies.)
  9. Use eBay or Craigslist. Sell your stuff. Or, better yet, if you have a skill for making something, put that skill to use by making stuff and selling it online. (Consignment has been more of our recent forte.)
  10. Sell the car! The average car payment is more than $400 per month. Everyone, say it all together: “Sell the car!” (We fail, we aren’t selling the car!)
  11. Stop making excuses. If you don’t want to get out of debt, then guess what? You’re not going to get out of debt. To win with money, you have to change the way you think. (Done!)
  12. Cut up your credit cards. Shred ‘em. Burn ‘em. Shoot ‘em. Drop ‘em in a trash compactor. Cut ‘em up while skydiving. You’ll never get out of debt until you stop making debt a way of life. (So done!)
  13. Use the envelope system. You spend less money when you use cash. (Love our envelopes!)
  14. Get on a budget. So unoriginal, right? But it’s true. You’ll never get out of debt without knowing exactly where all your money is going. (We have been budget fools since the day we married. . . this is another one of those weird things that I enjoy. )
  15. Listen to The Dave Ramsey ShowEvery day, Dave helps millions of people across the country find hope with their money. His advice will help you too. Listen online. (Apparently, I’m not smart enough to find our local station.)
  16. Merge bank accounts. If you’re married, you and your spouse should share the same account. When you got married, “two became one,” right? (That was one of my biggest excitements of getting married!)
  17. Stop investing. Yes, you read that right. Once you’re debt-free, then start putting 15% of your income into a retirement plan.
  18. Use your tax refund to pay debt. The beach will still be there next summer. We promise.
  19. Build your emergency fund. Start with $1,000. After you’re out of debt, build the fund to three to six months’ worth of living expenses.
  20. Ignore your broke friends. Twenty years from now, you won’t have a financial worry in the world, and they will still have car loans, mortgages and credit card bills. If they call you crazy, like Jeff and Crystal’s friends did, you’re on the right track! (We are living like no one else so that one day, we can live like no one else!)
  21. Subscribe to My Total Money Makeover. MyTMMO has one of the most active and exciting financial forums on the planet. Our members love to talk money. Plus, as a MyTMMO member, you get access to archived shows, budget tools, fresh articles and all sorts of other cool stuff.
  22. Give more. Wait a minute … give more? Yes, giving changes your spirit. Make giving a priority in your budget and you’ll see a difference. (What a blessing to be able to give, and it really is true that God blesses when we are giving.)
  23. Ask for a raise. Why not? Unless you’re sitting at home reading this article right now, after calling in sick with a “sore throat” for the fourth time in three weeks. If that’s the case, maybe you shouldn’t ask for a raise. (Um, probably not a good time for this one!)
  24. Don’t quit your day job. You’re in debt, so you need money. Pursue your dream while you are working your day job. Learn how. When you’re debt-free, you have so many more options because money isn’t an issue.
  25. Get a part-time job. This guy made nearly $20,000 a year delivering pizzas. No excuses! (We get a pass on this one – 3 kids 4 and under is more than a part-time job!)
  26. Stay away from get-rich-quick schemes. If it smells like a pyramid scheme, then it’s a pyramid scheme. Don’t get hoodwinked by a smooth-talking salesman. Check out six scams to avoid.
  27. Get in shape. Better health means fewer doctor’s bills. Walk, run, lift, press. Just get off the couch and do something!
  28. Read a book. Instead of watching mindless television, read a book … from the library that you’ve already visited for free! (Well, what about me? I don’t go to the library, remember.)
  29. Take a successful friend to lunch. Find someone who is doing things the right way—with money, with marriage, with life in general—and do what they are doing. Get to know them. (Um, I did this on Tuesday with my best friend . . . but I guess I owe her because we both paid.)
Share your tips with me and other readers!


I am a mom of 3 adorable kiddos born in 3 consecutive years. I juggle daily with work outside of the home, managing a family, keeping a house, connecting socially, loving and adoring my husband, and seeking to grow closer with my heavenly Father each step of the way . . . however, this blog will prove my inadequacies in all of the mentioned areas. Humbly, I pray that as I journey through this world of blogging, I will grow closer to my Father and others will be drawn to His feet in praise, as well.

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