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Can you do 2 at once??

Posted by on Jun. 17, 2014 at 3:22 PM
  • 26 Replies

I dont remember if it was this group I posted my bank issues and someone.... many people suggested Dave Ramsey. Now I am just wondering can you do step 2 and step 1 at the same time? We have a CC that will go up in interest and we need to start making double payments now before we go into the hole worse than we are. I was just wondering if for 8 months we can do the $1,000 emergency funds as well as doubling up on payments?


I did several scenarios that it will work if we did both at the same time and still have more than enough to left over for everything else.

Proud mommy of 1 special angel and 2 boys :-)
by on Jun. 17, 2014 at 3:22 PM
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Replies (1-10):
momofsixangels
by Colleen on Jun. 17, 2014 at 4:38 PM
1 mom liked this

Heres a bump

aubsmom09
by Erin on Jun. 17, 2014 at 4:54 PM
1 mom liked this

I'm not familiar with his system.  Here is a bump for you.

JRSMOM0621
by Member on Jun. 17, 2014 at 7:17 PM

Thanks :)

Quoting aubsmom09:

I'm not familiar with his system.  Here is a bump for you.


Proud mommy of 1 special angel and 2 boys :-)
lizzig
by Ruby Member on Jun. 17, 2014 at 7:20 PM

  no clue about dave ramsey or any of that but if you have done some "scenarios" & you are able to do it & still have $$ for all your other monthly necessities why would you question doing it?

Whereismymind
by Amanda on Jun. 17, 2014 at 7:22 PM
Bump for you !
MamaJane
by Jane:) on Jun. 17, 2014 at 7:38 PM
Yes. If you can do it. Don't strap yourself though.
proudmommy690
by Christa on Jun. 17, 2014 at 8:01 PM
Here's a bump
michiganmom116
by on Jun. 17, 2014 at 9:35 PM
1 mom liked this

Yes, you can!  The whole reason behind step 1 is to avoid making more of a mountain during step 2, which is why it is important.  Once step 2 is done, then on to a fully funded emergency fund.

DH and I decided to do things just a bit differently after the past 5 years of struggling to do it exactly Dave's way.  We upped our step 1 amount a LOT more than Dave recommends, only because our experience with emergencies is that they cost a lot more than $1K nowadays.  we just finished that step last week....now on to Step 2!

lil_mama06
by Brian's Lil Vixen on Jun. 17, 2014 at 9:49 PM

Not familiar with Dave Ramsey...Good Luck...

childofgod04
by Platinum Member on Jun. 17, 2014 at 9:54 PM

I am familiar with his system as we use it and have taken his Financial Peace clurse. I don't see why not in my opinion. It will help you get back on track in the long run.

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