Author name: Dave

In Dave Ramsey’s book, The Total Money Makeover, Dave Ramsey made mention of a personal finance debt freedom plan that he titled Dave Ramsey’s baby steps. This is a system that outlines a pathway from indebtedness to financial freedom. Dave Ramsey’s Baby Step 5 is a plan that’s poised to help people invest in the …

Dave Ramsey Baby Step 5: Save for Your Children’s College Fund Read More »

Have you been saving up in a savings account, and you’ve noticed that it is a scam? In case you’re not aware, anytime you save up in a savings account, you’re basically loaning the bank some money. It’s an agreement where the bank helps you to keep your money safe while they invest that money …

Dave Ramsey Money Market: 4 Things You Need to Know Read More »

Dave Ramsey’s Baby Steps says that you should pay up all your debt with debt “Snowball method”—which is debt payoff method where you arrange your consumer debt by balance, from the lowest remaining debt to the largest, then you prioritize the smallest debt first by making as much payment as possible on it while paying …

Dave Ramsey’s Baby Step 2: Payoff Your Debt Using Snowball Read More »

You are starting Dave Ramsey baby steps and are learning about starting creating $1,000 Emergency fund per Baby Step 1. This is an amazing feat considering that many Americans are financially vulnerable and would have difficulty covering an emergency expense of $400 (Source and Source). Dave Ramsey calls on us to create an emergency fund …

Dave Ramsey and the Emergency Fund: 5 Things You Need to Know Read More »

Dave Ramsey has a lot to say about many things including the baby steps method, including car insurance. One of the questions he often asks is to figure out how much care insurance you actually need. How does car insurance work per Dave Ramsey? Dave Ramsey is of the opinion that everyone needs car insurance. …

Dave Ramsey on Car Insurance: 4 Things You Need to Know Read More »