The first baby step in the Dave Ramsey Plan is a $1000 emergency fund. 💰💪🏼👏🏼 The coolest part of this baby step in my opinion, is that it can either feel amazing to get $1000 saved OR it can feel scarier than shit pulling all your savings out and throwing it at debt. 😳 💵 🔥
Let me explain...😬 ...to some, this $1000 may be the first $1000 they have saved in years. BUT, if you are like me, you always had a few grand sitting around which made me FEEL like I was doing good. 🤷🏼♀️ If you are like me, then you have to pull that additional money and throw it at your first debt in the debt snowball which we will chat about more tomorrow. Here’s the thing, you shouldn’t cheat... by much. I say cheat, because I’ll be honest, we kept $1,500 in savings so I could sleep at night 😂 but no more. When we started, we had around $3,000 saved up so it was nice to take $1,500 and throw it at debt right off the bat. 🤙🏼 But if you keep you 4K or 6k in savings you won’t FEEL the need to hustle!!! I’m telling you. This step is critical. It changes your entire mind!!! 🤯💰🤯💰🤯 If you have never been able to save, then my suggestion is sell. Sell some stuff, have a yard sale, find an odd job, clean someone’s house, ask for an extra shift, it’ll add up and get you off to a good start! 🥁
Baby step 1 should not take you more than 2 months or it’ll become draggy and you’ll likely never truly get started!
Baby step 1 is the first step to a financially peaceful, fulfilling, stress free life!! ❤️ 💵💵💵💵💵💵💵💵💵 #Budget #FinancialFreedom #GazelleIntense #MoneyMatters #FrugalLiving #DaveRamsey #DaveRamseyPlan #BabySteps #FPU #FinancialPeaceUniversity #SavingMoney #TotalMoneyMakeover #emergencyfund #financialgoals #debtfree #debtfreecommunity #debtfreejourney #Livelifenooneelse #MoneyGoals #Success #FinancialCoach #KaetiEvolving #Happiness #LoveYourself #Money #CashisKing