re: Dave Ramsey

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Another one is, I have say $25,000 cash on hand in the bank, Now he says I should draw that down to $1000 and use the rest to pay off any debt, then start to built it back up? That's my emergency fund. I'm screwed if I lose my job or blow a car up after doing that. IDK it scares me not have that safety net.

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I feel the exact same way

1000 for emergencies isn't much even though he thinks you can build it back up quickly once all your debt is gone


I don't have any extremely bad debt so I'll just keep paying it down normally and try not to add any unnecessary major purchases