In his book The Total Money Makeover: A Proven Plan for Financial Fitness, Dave Ramsey offers practical advice to help you create more financial security. There are three simple financial guidelines that can assist youin making decisions that will help your family weather the next storm:
1) Long-term, fixed expenses pose more risk than shorter financial commitments. So choose a three-year car loan over a five-yearnote and a twenty-year mortgage over a thirty-year repayment.
To be continued
Excerpted from Angela Sasseville’s award-winning book Families Under Financial Stress.