This is where I have beef with Dave Ramsey...I do not think $1000 is enough for anyone's emergency fund these days, unless you are a college student/early 20s with very minor living expenses. Especially as a homeowner, I wouldn't feel comfortable unless I have a good $20k saved for house things that can go wrong and to cover living expenses in case of a job loss.
Dave Ramsey has said that the $1000 was never enough to be a fully funded emergency fund, even 20+ years ago. Fully funded is 3-6 months your expenses. He has always said the $1000 is just a starter emergency fund while you’re getting out of debt so that every single tiny thing doesn’t knock you off course. That’s why if you go through his steps, he says after becoming debt free then fully fund your ER fund. People keep stating that they have fully funded their ER fund once they hit the $1000 and people just assume that is what Dave said.
Hey there! You shouldn’t need to pay anything to get your credit report. You can get it for free and other places like credit cards apps, nerd wallet, or credit karma will get you close enough. This sheet does look great! Good luck with staying on track!
