Setting aside money for known downtime is not close to what Baby Step 3 of Dave Ramsey's debt-management system is all about. Breaking News: Phoenix surpasses 100 degrees, breaks daily heat record ...

Step 2 is paying off all consumer debt from smallest to largest using the debt snowball. Then, Baby Step 3 is where you top off your emergency fund with three to six months of living expenses.

Dear Dave, My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so we’re out of the Baby Steps. But we’ve still got about $50,000 in ...

Dear Dave, My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so we’re out of the Baby Steps. But we’ve still got about $50,000 in ...

Dear Dave, I make $38,000 a year working in the trade show industry, and I’m about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I’m wondering how long ...

Then, Baby Step 3 is where you go back and grow your emergency fund to a full three to six months of living expenses. With all this in mind, let’s call getting ready to buy a home Baby Step 3b.

To fill in the gaps, Baby Step 3 is going back and fully funding your emergency fund with three to six months of expenses. Baby Step 4 is investing 15 percent of your household income in Roth IRAs and ...

Then, Baby Step 3 is where you go back and grow your emergency fund to a full three to six months of living expenses. With all this in mind, let’s call getting ready to buy a home Baby Step 3b.

We have a special-needs child, who likely will be under our care for the rest of her life. The doctors say there’s a good chance she’ll live to be about 40. We just finished Baby Step 3 of ...

Dear Dave, My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so we’re out of the Baby Steps. But we’ve still got about $50,000 in ...

Dear Dave: My husband and I have been following your plan. We just paid cash for our new home after selling the old one, so we’re out of the Baby Steps. But we’ve still got about $50,000 in ...

Dear Dave, I make $38,000 a year working in the trade show industry, and I’m about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I’m wondering how long ...