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.

This entry was posted on Tuesday, June 19th, 2012 at 5:36 pm and is filed under Coping with Financial Stress, Examining Your Spending Habits, families. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.