Monday, December 1, 2014

Confused about the debt snowball?

Dave Ramsey suggests that after $1000 emergency fund is set up, debt snowball begins. He states that all debt excluding the mortgage should factor into that.

Should I buy my house BEFORE paying off debt? Should I be saving for down payment on a home BEFORE paying off debt? Why did he exclude this step?

Read more: Confused about the debt snowball?