Evolving Personal Finance » Entries tagged with "FPU"

The Thinking Person’s Guide to Dave Ramsey: Reasonable Baby Step Modifications

December 11th, 2013 | 19 Comments

The Thinking Person’s Guide to Dave Ramsey: Reasonable Baby Step Modifications

As we discussed in the two prior posts in this series, Dave Ramsey’s (DR’s) program for getting out of debt and building wealth works very well for some people but may be inappropriate for those who don’t agree with all of the underlying principles.  The next two posts are intended for people are curious about following the Baby Steps loosely but who want to know what some reasonable modifications may be.  In this post, we … Read entire article »

Filed under: choices, debt, emergency fund, giving, goals, psychology, savings

Don’t Buy into the Pro- or Anti-Credit Card Hype

October 21st, 2013 | 37 Comments

Don’t Buy into the Pro- or Anti-Credit Card Hype

Last week’s FPU lesson was “Dumping Debt,” which was rather different from what I expected.  Dave spent a lot of time talking about the disadvantages of various kinds of debt and not as much as I thought he would on the mechanics of the debt snowball.  Of course, credit cards were pointed out as a particular evil, not just in the video but also reinforced by the class exercises.  One exercise was to stand up … Read entire article »

Filed under: credit cards, debt

The 3 to 6 Month Emergency Fund

October 2nd, 2013 | 45 Comments

The 3 to 6 Month Emergency Fund

I can see why people find Dave Ramsey’s baby steps attractive, I really do.   As someone who is prone to paralysis of analysis (and whose husband is even more prone), executing an instruction is so much easier than making an informed decision and then carrying it out.   While watching week 1 of the FPU videos last week on “super saving,” my thoughts were on that 3-6 month emergency fund.  We’ve had $1,000 set aside (baby step … Read entire article »

Filed under: emergency fund

Favorite Posts, Mentions, and Top Comments Week of 22September2013

September 29th, 2013 | 6 Comments

We had a pretty nice week – lots of work and some good social stuff.   I started my FPU table hosting on Tuesday and it went well, I think.  I picked a table of people who looked to be around my age.  🙂  There wasn’t a whole lot of time for us to interact as most of the class was watching the DVD of Dave teaching or receiving instruction from the coordinator.   We also drafted our games from our basketball season ticket this week.  Since Kyle and I were drawing immediately next to one another we got all the same games so that worked out well.  We’re pretty disappointed with the home games this season – it doesn’t seem to be a as hard a schedule as they’ve had in previous years.   I’m … Read entire article »

Filed under: weekly update