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Emergency Fund

June 11th, 2008 at 01:58 pm

I just started Dave's Ramsey 7 Baby Steps last month. I'm almost finished with step 1.

1. $1,000 to start an Emergency Fund

2 Pay off all debt using the Debt Snowball

3. Three to six months of expenses in savings
(b) Start saving for a house.

4 Invest 15 percent of household income into Roth IRAs and pre-tax retirement

5 College funding for children

6 Pay off home early

7 Build wealth and give!
Invest in mutual funds and real estate

8 Responses to “Emergency Fund”

  1. littlemama Says:

    Welcome and good job!

  2. PauletteGoddard Says:

    Welcome! Thank you for joining us on the Baby Steps!

  3. terri77 Says:

    Congrats on your progress!

  4. HelpMeFriend Says:

    Let us all know about your progress!

  5. Blue Eyes Says:

    Welcome and thank you for joining the blogs!!!

  6. baselle Says:

    Step 1 is the biggest, because you started from 0. Step 2 is easier by definition, because you can build on the success from step 1. Congrats and welcome to our group!

  7. creditcardfree Says:

    Welcome!! I look forward to seeing you make it to step 7.

  8. Myrtle Says:

    Welcome to our "group". Sounds like you are doing a good job!! Keep us posted on how you are progressing.

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