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JAM Program Simple Steps
JAM Interactive Budget Program
Getting Out of Debt
Just Ask Question – Should I sell company stock to eliminate CC debt
Should I sell my company stock worth $1000.00 to pay down credit card debt? I have $6000.00 in credit card debt and am putting $800.00 of my buffer into this each month.
This is an excellent question and first of all, awesome job on the buffer of $800.00! This hunk of money will follow you through [...]
Why Tackle Credit Card Debt First
Two primary reasons:
Your credit card debt holds no value to you and your family. At least you have a car to back your car loan, and even an education to back your student loan. No, your memories from your trip to Europe that you put on your credit card hold no value to you and [...]
Where do you put your $1,000 emergency fund?
Where do you put your $1,000 emergency fund? I personally don’t care where you put it, as long as you have it saved. The question always comes up though, so I better offer some suggestions.
In your checking account. My bank considers this amount too small for savings and charges me a monthly fee it I [...]
Enough is Enough
Two years ago, my wife and I were making a five hour drive home from her parents house after Christmas. With Christmas behind us, we usually discuss our plans for the new year on this trip home. This year, I was not in the mood. I was 25 lbs overweight and had no energy. I was [...]
Setting Your Budget
So, you are ready to start budgeting? This really isn’t as painful as you think.
Know the Numbers
Quick. Off the top of your head, what are your monthly fixed and variable expenses? What is your net income after taxes and tithe per month? What is the net profit or loss? These are the important numbers that [...]
Three Phases of JAM
The JAM program is broken down into 3 Phases. Each phase is broken down into 3 simple steps. The intensity level changes with each phase.
Red Level Intensity- We are going to run, not walk, out of debt. Personally, my only regret with getting out of debt is that we didn’t do it faster. You are [...]
Simple Steps to Financial Freedom
Here is a more thorough explanation of the Simple Steps program to financial freedom.
Phase 1 – Extreme Intensity
Step 1- Save $1000
Before you start knocking out your debt, you will want to create a small buffer. This $1,000 creates some padding for the emergencies that life can throw at you. It also gives a good excuse [...]
Three Ways to Raise Your First $1,000
We want you to save your first $1,000 as soon as possible. I don’t care what you have to do to get it (within reason). Once you get there, smile, and get to work knocking out your debt. Feel the stress release in your life. This is only the beginning to the peace and ease [...]