9: Are you Falling for this Dumb Money Mistake? The Truth About Dave Ramsey's Budget

Girl on FIRE

🎙 In part 2 of my 3-part deep dive series, we’re taking a close look at the percentage based budget method, particularly the one recommended by Dave Ramsey. It’s a super popular method of budgeting household income because it’s quick and simple, and Ramsey himself is really popular. But it isn’t perfect, in fact it has some pretty big holes. So are your dreams worth gambling on this method? 🤔

This episode discusses topics like:

🌟 Why Dave Ramsey’s percentage based budget won’t make sense for you (and why he isn’t always right);

🌟 How to create a percentage based budget that actually works for your unique circumstances; and

🌟 Which 5 types of people who should avoid percentage based budgets altogether.

Links from this episode:

Dave Ramsey’s Every Dollar Budget Percentages

Percentage Based Budget Spreadsheet - My Shop

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.