From the category archives:

Dave Ramsey

Why Dave Ramsey’s 7 Baby Steps Really Work

May 21, 2010
Dave Ramsey 7 Baby Steps

If you’ve been around the past three years, you’ve probably heard the name Dave Ramsey. The recession has popularized his teachings about saving, eliminating debt, and sound investing. Perhaps you’ve been curious about Dave’s Baby Steps, and whether or not you should give them a go. For those of you who aren’t familiar, here they [...]

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Are You Participating In All The Doom And Gloom? Don’t! Have Hope.

March 27, 2009

Ever since last September our (or arguably before then) our economy has been in a downturn.  Big companies, small lenders and consumers all engaged in irresponsible behaviors that resulted in the failure of  businesses, and necessitated the bailouts of many others.  People are being laid off left and right,  and things are extremely tight!  So [...]

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Accountability: Sometimes You Need Someone To Slap You On The Back Of Your Head

March 19, 2009

When we were taking Dave Ramsey’s personal finance course, “Financial Peace University” last year, one of the things he stresses in his course is the need to have someone in your life who can keep you accountable for your financial goals.   For single people it might be a close friend, a mentor or a parent.  [...]

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Where Dave Ramsey and I Part Ways

March 6, 2009

This is a guest post from Philip over at http://www.weakonomics.com.    Please check out his blog where he writes about personal finance in an edgy, yet entertaining way. You can subscribe to his RSS feed here. I may not agree with everything he’s writing here,  but I think it’s important to get more than one [...]

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Dave Ramsey’s 7 Baby Steps Review: Get Out Of Debt, Build Wealth And Give.

March 5, 2009

Over the past couple of weeks we’ve been doing an in depth look at Dave Ramsey’s Baby Steps plan for getting out of debt, building wealth and giving.   The plan really is a pretty simple one, some might say it’s common sense,  but it brings home a lot of concepts that a lot of us [...]

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Dave Ramsey’s 7 Baby Steps: Step 7 – Build Wealth And Give!

February 26, 2009

Last time we looked at Baby Step 6,  paying off your home early.  We talked about how much freedom paying off your house would give you, allowing you to really save for retirement, give and live like no one else!   Today we’ll be closing out the baby steps with a look at building wealth and [...]

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Dave Ramsey’s 7 Baby Steps: Step 6 – Pay Off The Home Early!

February 23, 2009

Last time we looked at Baby Step 5,  college funding for your children.   We talked about how and when you should save for their education.    Today we’ll be looking at taking extra money and paying off your home early.  Before we jump in,  once again, here are the 7 Baby Steps. Dave Ramsey’s 7 Baby [...]

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Dave Ramsey’s 7 Baby Steps: Step 5 – College Funding For Children

February 19, 2009

Last time we looked at Baby Step 4, investing 15% of your gross income into Roth IRAs and other pre-tax retirement accounts.   We looked at the magic of compounding interest, and why it’s in your best interests to start saving earlier rather than later. Before we jump into step 5, here’s a review of the [...]

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Dave Ramsey’s 7 Baby Steps: Step 4 – Invest 15% Of Household Income

February 17, 2009

Last time we looked at Baby Step 3, saving up 3-6 months of expenses to prepare for when you have a rainy day.  Everyone will have unplanned for expenses, so it’s best to plan for it, and be ready! Dave Ramsey’s 7 Baby Steps, and our progress. Dave Ramsey’s 7 Baby Steps Step 1 – [...]

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Dave Ramsey’s 7 Baby Steps: Step 3 – 3 To 6 Months Of Expenses In Savings

February 16, 2009

Last time we looked at Baby Step 2, paying off all your debt using the debt snowball.  You take your bills, rank them in order from smallest to largest, and proceed to pay them off with intensity! To review, here are the 7 Baby Steps. Dave Ramsey’s 7 Baby Steps Step 1 – $1,000 to [...]

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Dave Ramsey’s 7 Baby Steps: Step 2 – Pay Off All Debt Using The Debt Snowball

February 13, 2009

Last time we looked at Baby Step 1, saving up an emergency fund of $1000.  You’re saving up that money for a variety of reasons, but mainly because you know you’re going to have little “emergencies” popping up all the time, and the baby emergency fund will help keep you from going further into the [...]

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Dave Ramsey’s 7 Baby Steps: Step 1 – $1000 To Start An Emergency Fund

February 11, 2009

Yesterday we gave a brief overview of Dave Ramsey’s 7 Baby Steps, and talked about why it is so important to prepare yourself for the whole experience.  You need to be ready to change your lifestyle, be ready to commit to no more consumer debt, and know that people are going to think you’re a [...]

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Dave Ramsey’s 7 Baby Steps By The Numbers: Getting Started

February 10, 2009

I’ve been writing about personal finance for just over a year now.   During that time I’ve written a lot of about Dave Ramsey and his class “Financial Peace University“,  but I realized that I’ve never written in depth about his 7 baby steps plan to getting your finances in order and on track.  So today [...]

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5 Keys To Overcoming The Urge To Splurge

November 21, 2008

Christmas is for debt? Christmas will soon be upon us with all of the good cheer, family get togethers and presents! All of the big department stores are already in full-on Christmas mode, with aisles upon aisles of decorations in the front of the store and Christmas music pumping over the PA systems.  It’s hard [...]

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