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Originally Posted by Raisecapital01
I have been on Dave Ramsey's Financial Freedom program for the past year. If you are not familiar with Dave Ramsey, he preaches about using the envelope system, and stop using credit cards. Buy used cars, and other means to stay away from debt. Have you had any good or bad experiences with his system?
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i used the envelope system before i knew it was the envelope system. early 20's..didn't have a checking account. cashed check and put everything in seperate envelopes to pay minor bills. it worked out fined. i agree with dave, i've stopped using credit cards and i haven't had any "emergencies" i could not pay cash for. but think about it, if you have no debt, only cash is left.