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In response to
""establish an emergency fund equal to 9-12 months of your salary." i seriously can't comprehend how this is possible."
by
kare
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Dave Ramsey (Financial Peace University and multiple books) says 3-6 months.
Posted by
Trish (aka Trisha)
Jan 30 '09, 11:10
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But that's after you've saved $1000 for an emergency fund, then done the "debt snowball" to pay all your debts, concentrating on smallest to largest. As soon as you pay off one, add the money you were paying on it to the money you're paying on the next biggest, etc. I love his radio show, I listen to it all the time. :)
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