This is the Baby Step that I'm most excited for, our house situation is a little different to most other peoples but this is still going to be a super important step for us. Baby Step 3b (BS3b) is to save for a house deposit. According to Dave you should 'put at least 10–20% down on a 15-year fixed-rate mortgage that is no more than a quarter of your take-home pay'...that's … [Read more...]
Baby Step 3 – Dave Ramsey Baby Steps UK Version
This step can be the one that people find difficult to keep their momentum up with. We've had all the awesome wins from paying off our debt in BS2 and now, Baby Step 3 (BS3) is to save 3-6 months of expenses in EF to make it your Fully Funded EF (FFEF) It can be hard to keep pushing yourself when you really feel like you deserve a break after all that hard work in Baby Step 2 … [Read more...]
