tag:blogger.com,1999:blog-76789252086652958.post2044345598136803108..comments2023-09-05T04:55:33.150-07:00Comments on The Call Family: Money Management Week: Day 4Kristinhttp://www.blogger.com/profile/06449332722049058967noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-76789252086652958.post-18556779379708500272010-05-07T08:22:11.000-07:002010-05-07T08:22:11.000-07:00I've never really understood this until just r...I've never really understood this until just recently. I've followed Dave Ramsey, and he's empowered me to get out of 21k of debt in 7 months. WOW. In that time, we also paid tuition, school expenses, etc. in cash. We have just over 3 months of expenses in our emergency at the moment and the feeling is amazing.<br><br>But that's not even the half of it. I was able to get my friend on Dave's plan and while he was on Baby Step 2 (the debt snowball, pay off your debts smallest to largest), he had already completed Baby Step 1 (save a baby emergency fund - $1000 as fast as possible). This came to GREAT use when he got in a car accident on Friday and then his wife needed medical treatment on Sunday. It all hit at the same time, but because he had his emergency fund in place, he's doing alright.<br><br>Just another side note, because we were completely out of debt and doing "well" compared to other people our age, we were able to splurge a bit and make him some dinner and at least knock some stress off of his life. Like the old cliche goes, it's not if it will happen, it's when. Best be prepared.Dustinhttp://www.youngandprosperous.comnoreply@blogger.com