I jumped on Dave Ramsey's website tonight. He does a national radio show about personal finance. Dave seems to focus on real life personal finance for the average American. I love step number 1. $1,000 emergency fund. hmmm, it seems like I've heard something similar before. Setting a goal for how much to start an emergency fund with will certainly be beneficial When we have an emergency in our everyday life. Starting now with a budget has helped us work on building our emergency fund. Dave quotes John Maxwell on his website, "A budget is telling your money where to go, instead of wondering where it went." In other words we should plan on paper or on the compter what we are going to spend before we spend it. This also sounds familiar--Spiritual creation before the physical creation. This principle has sure helped us begin building our emergency fund while saving for other things as well.
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