![]() ![]() ![]() He's also a big supporter of working additional hours or extra jobs to pay off debt as quickly as possible.Ĭonsider getting your $1000 emergency fund saved and then using the Saving category to help tackle debt and improve your financial situation. Why is that?ĭave believes that you can adjust the percentages to put some money towards debt while setting up your budget. You’ll notice that debt repayment - like credit cards - isn’t listed on Dave’s budget percentages. This breakdown is based on net income (after taxes, but before 401k contributions or health insurance premiums) Dave Ramsey Suggested Budget Categories Using Dave Ramsey's budgeting percentages can be an easy way to get started with budgeting. If you're struggling with figuring out what percentage of your monthly income should go to what budget category, you're not alone. Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families.The Total Money Makeover (with workbook).For more information on his debt repayment methods, pick up one of his books: One of the key pieces to his method is budgeting, along with his seven baby steps. He's pulled himself out of the trenches and is now estimated to have a whopping net worth of $200 million, which makes him pretty well qualified to help others do the same.įor beginners, Dave does a beautiful job of dumbing important things down to a level where you can't mess them up. Dave has been bankrupt and knows what it's like to struggle with money. Chances are, if you've heard the term "Better than I deserve!", then you've heard of Dave Ramsey budget percentages.ĭave Ramsey is a money guru whose budgeting concepts and baby steps are best used by people starting their money journey. ![]()
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