How Do You Get A Total Money Makeover Using Dave Ramseys Advice?
Dave Ramsey is a successful author, radio show host and personal money management expert. According to his website, more than 450,000 families have attended Ramsey’s Financial Peace University classes. Not only have thousands attended the classes, but they’ve achieved results. Ramsey says the average family pays off $5,300 in debt and saves $2,700 in the first 91 days of the course and is completely out of debt, except for the mortgage, in 18 to 24 months. Here are a few of his tips to get you started. Save $1,000. This is the start of an emergency fund. Do whatever it takes to get the money together quickly. Pay off all debt using Ramsey’s method of the Debt Snowball. This means that you will throw as much money as you can at your smallest debt until it is paid off. Then move onto your next smallest debt and so on until they are all paid off. Put three to six months of your living expenses in savings. Make sure this money is easily accessible. Invest 15% of your family’s income into R
