I must admit I am addicted to the financial evangelist Dave Ramsey, his tagline is “Where debt is dumb, cash is king, and where the paid off home mortgage has taken the place of the BMW as the status symbol of choice”
How cool is that?
I have been looking at my fellow UK based PF bloggers and not many of them talk about getting out of debt permanently.
I am an expat so my ideas about money are slightly different than your average Brit as in, when I lived in New York, it was impossible to get an overdraft unless you are depositing a great deal of money every month. So basically if you have a lot of money you can have an overdraft, makes sense huh?
In the UK, a majority of us, regular working folks, live off our overdrafts, well at least most of my friends do, therefore, the circle of debt is incredibly difficult to break. I do rely on my overdraft to cover me when the bills come in and my freelance pay hasn’t, which I know is naughty but unfortunately it has become a habit.
I would love to be able to listen to a UK based financial evangelist to help buoy me up the way Dave does for the Americans. I know I can come out of my circle of debt with one month of extreme leanness. I know it won’t be fun but I get so excited by listening to the people on Dave Ramsey’s podcast screaming, “we are debt free” that I want to be one of them.
In the UK, is it not in our nature to try to try to live debt free? Are we all expecting the State to pick up our pensions? So many of the so called Credit Crunchers that are in our newspapers just tell us deals we can get which of still means spending even though it’s at a discount. How about some real frugal advice? Why aren’t we advised more on how to save in this country. The only person I have found that is similar to Dave Ramsey is the wonderful Martin Lewis from MoneySavingExpert.com
Rant over – please feel free to put your oar in. See you Thursday