Dave Ramsey

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Lea from New York is calling in today, and she is worried that she’s not going to be able to move past the Ramsey Baby Step she is in now. She is currently in step 3, which means she is paying into her emergency fund. But, the issue is she is barely making enough to pay the bills and put some aside for that fateful emergency. She feels like she may not be doing something right when it comes to the process and wants to know what she should do to fix this.

Dave recommends revisiting their budget because this is usually the root of the problem. Looking at their average home income, he suggests reviewing because they are probably overspending in certain areas. Some people have issues with this because they like to start in the middle of the problem instead of finding the source.

The second step is to make sure you are planning for the due dates, not pay dates. Due dates are not mythology; they just don’t miraculously appear from nowhere. Instead, they come on specific days. So it would help if you made sure that when you are setting money aside, it accounts for these dates, not your future paycheck.

Dave Ramsey’s 7 Babysteps For Success


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