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Dave Ramsey??

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hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Dave Ramsey??

Is anyone familiar with him? He says you should save $1,000 emergency money first before you pay off your debts. How can you do that if you have cc bills to pay each month?

Posted 7/29/06 9:50 PM
 
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leighla
Support Cancer Research

Member since 5/05

16353 total posts

Name:
Lauren

Re: Dave Ramsey??

I've never heard the $1000 before, but I have heard that you should have at LEAST one month's worth of bills saved in case of emergency and then pay off the credit cards.

We have $200 automatically deposited from each paycheck into savings until we reach that goal (way more than $1000) and every other cent we have left over goes to credit cards.

Posted 7/29/06 9:52 PM
 

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

Re: Dave Ramsey??

Posted by leighla

I've never heard the $1000 before, but I have heard that you should have at LEAST one month's worth of bills saved in case of emergency and then pay off the credit cards.

We have $200 automatically deposited from each paycheck into savings until we reach that goal (way more than $1000) and every other cent we have left over goes to credit cards.




Yes, if you go on his website, he tells you the first step is to save $1,000 for emergencies. We HAD that emergency and now we are back to square one but with cc bills to pay-ahhhh!!

Posted 7/29/06 9:53 PM
 
 

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