- July 22, 2008 at 3:52 pm #260345
My husband and I participated in the 13 week Financial Peace University course.
We have friends that conduct the program at a local church every few months. I
can assure you that not everyone following Dave Ramsey’s program makes over 100K
In fact most families make well under that amount. Our income would be
considered below the poverty line. Without Dave Ramsey’s program we could not
You start by making a zero based budget each month. Next you try to set back
whatever you can untill you have an emergency fund in place. Even if it’s only a
small amount , you add to it as you can. You try to pay off your smallest debt
first. Make minimum payments on all but the smallest debt. Pay as much as you
can on that one. Even if it’s only a couple of dollars above minimum , do what
you can. Once the smallest debt is paid off, add what you were paying on that
debt to the next debt payment. If the smallest debt was 25.00 month and the
second smallest was 50.00per month; then pay 75.00 per month on the second once
the first is paid off. Once both are paid off add that 75.00 to whatever you
were already paying on the third debt etc etc.
This is what baby steps are all about. Reorganize what you are already
shelling out each month, no matter how little. The lower your income, the more
you need Dave Ramsey’s Financial Peace. If you are struggling, then you need
Financial Peace University.Go to his web site and put in your zip code to find
out where the program is offered in your area.
From: Elizabeth Farnsworth
Subject: Re: Budget101.com : Re: Dave Ramsey Total Money Makeover
Why not email him and say I’ve noticed that most of your clients range
in the higher income bracket
and I was wondering if you might do something geared toward those of us
with more moderate income.
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