Dave Ramsey = Bruce Williams = common sense, (which apparently isn’t common).
While I like these guys, and agree with what they say, it’s perplexing to me that people just don’t get it.
Spend less than you make.
If you’re in debt, get out of debt, now.
Pay the highest interest debt off first.
Eliminate extras, including going out to eat, cable tv, new cars, etc.
Work as many jobs as you possibly can. No job is beneath you.
That just about covers it. It’s not all that hard, but for the people that need to hear it, Dave Ramsey is a good messenger.
Does Dave recommend paying the highest interest debt off first? It has been a while since we have attended FPU and I honestly can’t remember. I thought he advocated paying the smallest debt first so you could start your debt snowball rolling. I could be mistaken, it wouldn’t be the first time(don’t tell my husband, lol).
I think Dave's baby step here is to pay off the items with the lowest balance first, so you see the progress, then add those smaller payments to the next bill, and so on. If you have two items with the same balance, he certainly says to pay off the one with the higher rate first.