Dave Ramsey Baby Steps Explained – Now could be the right time to go on a Dave Ramsey credit counseling budget. He is one of the most popular personal finance gurus in the United States. Dave Ramsey is renowned for his no nonsense approach to personal finance. Especially when it comes to getting out of debt, staying out of debt, and living financially free.
The Dave Ramsey debt counseling budget teaches the Seven Baby Step process to financial freedom.
Dave Ramsey shows you tools like: Dave Ramsey Envelope System, Dave Ramsey Budgeting Plan, Dave Ramsey Debt Snowball, Dave Ramsey Baby Steps, and the Dave Ramsey Debt Counseling Budget Tool.
If you are looking for additional information on Dave Ramsey’s steps for getting out of debt, you may want to check out his Total Money Makeover book over on Amazon. It provides you with helpful charts and graphs to help you keep track of your debt reduction progress while following the steps in the book. Ramsey provides the hard truth about what it takes to become free of debt.
Dave Ramsey Baby Steps Explained
1). Start a $1000 Emergency Fund.
2). Pay off all debt starting with the smallest balance first.
3). Build your full emergency fund of 3 to 6 months of expenses in saving.
4). Invest 15% of household income into Roth IRAs and pre-tax retirement funds.
5). Grow your children’s college fund.
6). Pay off your mortgage early.
7). Build wealth and give to charity.
Now is the time to get going with Dave Ramsey’s Credit Counseling budget plan. Before you do anything however, go and get your annual credit report. Because you need to know where you are right now financially before you drove off into financial freedom.