What does Dave Ramsey Mean When he Says to Eat "Beans & Rice, Rice & Beans"?
I have been a Dave Ramsey fan for a long time and my family has followed his financial advice for years. If you have ever listened to his radio show (which you can do online if you don't get it in your area) or read his books, then I am sure you have heard him say that to get out of debt you need to eat "beans and rice, rice and beans". But what does he mean by that? Does he expect you to literally eat nothing but beans and rice?
I think he does to some extent, but I also think that it is just a way of saying to live on very little while you are getting out of debt. Dave Ramsey believes that if you are in consumer debt (any debt other than your mortgage) then you should be gazelle intense. You should live on as little as you can, so that you can send as much money as you can to pay off your debt.
If you are living on as little as you can, then beans and rice should certainly be a part of your weekly menu. Both of these foods are cheap, filling and healthy. If you use brown rice with the beans, then you have a complete protein source. But besides this, I believe Dave Ramsey means you should not be eating out, you shouldn't be grilling steaks or eating lobster, you should cut out all the fancy stuff from your budget. There should be no daily splurges when you are in debt.
I call this bare minimum living. We have months where we live on the bare minimum a couple of times a year. Sometimes it is planned in order to meet a financial goal we have set and sometimes it is forced due to an unexpected bill. It is nice knowing we have so many areas we can cut from if we need to.
I think when Dave Ramsey says live on "beans and rice, rice and beans" he means in all areas of our life. Live on the bare minimum until you have reached your goal of being debt free. It might be hard for awhile; I know that, I have done it. But you won't regret it in the end. I liked to build in little rewards with each debt paid off. You can do the same to keep yourself motivated to keep living on beans and rice until you too are debt free.
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