For the past few years, I’ve been volunteering at my church to coordinate Dave Ramsey’s Financial Peace University course. It’s a 9-week course that helps people get out of debt and get into strong financial shape. We just started a new session and our class is focused on Baby Step 1 (save $1,000 in an emergency fund).
This step can sometimes feel daunting when you’re just starting out, but it’s a very important one. When you have money in the bank, it keeps you from going further into debt when emergencies happen.
A few of the class participants inquired how to get through Baby Step 1 fast so they can get right into Baby Step 2 (eliminating all of their non-mortgage debt). I developed a list of 10 suggestions that worked well for me in the past and sent them an email so they could get after it. Here they are:Continue reading “How to Complete Dave Ramsey’s Baby Step 1 in One Week”