I got really into Dave Ramsey content and saving/spending principles within the last year. I follow his plan pretty religiously. Wanted to hear everyone's thoughts. Pro? Anti? Too boring? Too safe? He's had a positive impact on my money habits. My family, friends, or colleagues hear me talk about the principles I've adopted and they think I'm crazy (and boring).
- No credit cards, no debt (other than a mortgage)
- Budget every dollar, every month
- 3-6 months emergency fund
- Invest 15% (in mutual funds)
Some of his ideas are a bit much for me, for example, he says don't buy a house unless it's a 15-year fixed, 20% down, mortgage no more than 25% of your take-home pay. Unrealistic in my opinion.