Family Balance Sheet
OCTOBER 18, 2019
1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here. We cut our gym memberships.
Family Balance Sheet
JUNE 22, 2020
As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. We’re no spring chickens, so in November 2016, we started contributing again to our retirement. We stopped paying for our gym membership. .
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