DAVE RAMSEY'S BABY STEPS - What We DIDN'T Follow While Becoming Debt Free (and Why)

Dave Ramsey has laid out the baby steps very simply. If followed, the baby steps are extremely well organized, simple, and highly effective. BUT, everyone’s lives are a little bit different and as laid out, following the baby steps 100% to the T may not be the best move for everyone.

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There were two of the baby steps Brittany and I did a little differently than what Dave Ramsey normally recommends on his radio show:

1) Baby Step 1 - $1000 starter emergency fund. We felt this was a little too risky for us given the nature of our work schedules, high medical bills, and how often things seemed to break on our cars.

2) Baby Step 2 - paying off debts smallest to largest using the debt snowball (everything except the house). Brittany and I saw that we could pay off two of the debts in the middle of our snowball (our cars) and clear up $640/month. That would give us a TON of extra cash flow to throw at our student loans, and that's exactly what we did.

We do plan to continue following the general outline of the baby steps, but personalizing it more specifically to our lives as we always have. We’re on baby step 4 right now (investing our money), so after we move into our new house and our finances settle down, we plan on investing A LOT more than 15% of our income. And paying down the house early, etc., etc.

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