Dave Ramsey’s Baby Step 5: College Funding
photo credit: Will Hale Just getting to Step 5 indicates that you have been doing some great things with your finances. You are debt free, except for your house and you have a fully funded emergency...
View ArticleDave Ramsey’s Baby Step 6: Pay Off the House Early
photo credit: rutlo Dave cautions people who reach this step that they are in grave danger: danger of settling for “good enough” when, if they keep the course, they will experience “best”. People need...
View ArticleDave Ramsey’s Baby Step 7: Build Wealth and Give
photo credit: db*photography Congratulations! When you reach Baby Step 7 you have come a long way. All of your debt is gone, including your house mortgage. You have a great emergency fund, your...
View ArticleWith Apologies to Dave Ramsey, One Size Doesn’t Always Fit All
Does one size really fit all? photo credit: rejon Before you jump to the wrong conclusion, let me state that the purpose of this post is not to trash Dave Ramsey. Just check my “About” page to read...
View ArticleHow to Get Personal Finance Taught in a Public High School
In contemplating whether to write this post, I weighed the negative aspect of “tooting my own horn” with the positive aspect of helping get more high schoolers some solid financial training. One...
View ArticleDo We Spend More With Credit Cards? A Study Proves … Maybe
Do people really spend more with credit cards than with cash? This topic has been beaten until blue and there seems to be no documented study which proves one way or another. Yes, many of us have heard...
View ArticleBeware of Percentage Budgets
You have seen those percentage budget plans which deftly tell you what percentage of your budget you should spend on which categories. Yes, they are a good guide, but you need to beware: giving too...
View ArticleBiblical and Financial Wisdom: Doing Things in the Right Order
Proverbs 24:27 “First plant your fields; then build your barn.” What does this verse mean? When I first read this verse, I didn’t get it. Understand that I am not a farmer, so I didn’t see what...
View ArticleWhat Really Qualifies as an Emergency?
If you follow Dave Ramsey, you are aware that your very first priority is to establish a $1,000 emergency fund for those unexpected life events. The point of this “Baby Step One” emergency fund is...
View ArticleIs Dave Ramsey Wrong? With No Loans and No Credit Cards, I Still Have a...
When Janice and I became gazelle intense about getting out of debt, we did so hook, line and sinker. Once we paid our credit cards off, we either quit using them or cancelled them. Over the years, I...
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