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Financial Friday: Dave Ramsey Baby Step One Complete (Again!)

January 16, 2015 By Bailey

Welcome to the bi-weekly installment of “Financial Friday” here on Becoming Bailey. On the first and third Fridays of the month, I share about my journey to debt freedom, share financial advice that I’ve received, or review a personal finance book.

 

Back in May, I completed Dave Ramsey’s Baby Step 1: Save up $1000 for emergencies. And then, I unexpectedly left my job a few weeks later. Because I left my job without another one lined up,  I lived off my emergency savings until I got another job a little while later.

Unfortunately, after I started my new job, it took a few months for me to finally decide “Okay, I’m going all-in and committing to this baby steps stuff.” Once I finally reached that point, I had to tap into my emergency fund for true emergencies, so the ball was slow to roll for a little while.

But I’m here. It doesn’t matter how long it took me to get to this point, just that I got here.
Before I start in on Baby Step #2, I have a few other goals in mind. First, to build up my emergency fund a bit more and turn it into YNAB Rule Four. Then, to save $400 for new tires on my car, and $600 for my car taxes due in July. Then, FINALLY, I will be able to get the (debt snow)ball rolling.

 

Which Dave Ramsey Baby Step are you currently on?

Filed Under: Finances Tagged With: Finances


Hi y’all!

I’m Bailey and that’s my handsome husband, Andy. I’m a Kentucky girl who fell in love with a soldier and packed up her life in the Bluegrass state to explore the world. We currently live in beautiful Bavaria, Germany with our toddler son, Drew, and our cat, Gracie. Becoming Bailey is my happy space on the web where I share about our lives, Army adventures, and everything in between!

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