Dear Dave,
I like your plan, and I’m ready to get control of my finances. Should I catch up on past due bills before saving $1,000 for the beginner emergency fund you recommend in Baby Step 1?
Samantha
Dear Samantha,
This is a great question, because it gives me a chance to walk you all the way through the Baby Steps plan.
Make sure your necessities are taken care of first. I’m talking about food, clothing, shelter, transportation and utilities. Then, get current on anything you owe or make payment arrangements for your past due bills. Once you have these things taken care of, it’s time to take your first Baby Step.
Good luck, Samantha!
—Dave
Dave Ramsey has authored seven best-selling books, including “The Total Money Makeover.” The Dave Ramsey Show is heard by more than 14 million listeners each week on 600 radio stations and multiple digital platforms.
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