Rick is single and has been working the Baby Steps. How does he stay motivated and focused as a single person? Dave says he needs to do two things.
QUESTION: Rick in Michigan is single and has been working the Baby Steps. How does he stay motivated and focused as a single person? Dave says he needs to do two things.
ANSWER: You’ve got to do two things. One is you’re not doing your written plan monthly. Every single month you’re doing a budget. If you don’t draw the out-of-bounds markers, you don’t even know when you’re out of bounds. There’d be no way in a football game for the ref to call you out of bounds if there wasn’t a marker. You have to have the written monthly budget every month when you’re single. It becomes your self-accountability tool. It becomes your plumb line. That’s your first thing.
The second thing is you need to do something to get some accountability in your life—on a lot of things. It’s not to say you don’t have to be married. Actually, doing the Total Money Makeover steps or doing Financial Peace University is easier for singles because they don’t have to talk somebody else into going along. They’ve just got to decide. All you’ve got to do is look in the mirror and go, “Uh, hey, doofus. Change.” You don’t have to talk somebody into it. It’s easier in that regard. It’s harder because you don’t have this built-in accountability. You don’t have somebody who’s going to look at you like, “You did what?” every time you do something stupid.
You need some accountability in your life. All it is, is just somebody to look at your budget with you and somebody that you talk to before you make a major purchase. You just pledge to them for your own good that you’re going to do that. That can be a pastor. It can be a parent. It can be a friend. It ought to be somebody who has a clue about money though. That’s the overall issue.