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Step 7 on DR's plan

July 18th, 2014 at 05:00 pm

I don't follow Dave Ramsey's plan word for word but I do have to give him credit for our desire to live differently. Although we had to cut our retirement contributions drastically when hubby was unemployed, I've already set up Roth IRA automatic deductions starting September as well as 403B. Both funds (combined) will receive 15% our our gross income. Having said that, all Dave Ramsey's Steps have been fulfilled except for Step 7. We are cash flowing our sons' college education with one down already and the other almost half way through. We have enough savings to cover a year's worth of expenses after paying the last two debts (the car and furniture). Car loan payoff check has been cashed by the way!

4 Responses to “Step 7 on DR's plan”

  1. creditcardfree Says:

    You are doing great! Had you been saving 15% before his unemployment?

  2. NJDebbie Says:

    Yes, we did.

  3. Beawealthywarrior Says:

    I follow Dave Ramsey and I'm currently on BS6(mortgage only). I hope to have it paid off in 2015 Smile

  4. LivingAlmostLarge Says:

    Congrats! I hope to get there one day.

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