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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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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?
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Posted 7/29/06 9:50 PM  |
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leighla
Support Cancer Research
Member since 5/05 16353 total posts
Name:
Lauren
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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.
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| Posted 7/29/06 9:52 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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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!!
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| Posted 7/29/06 9:53 PM |
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