[CptnObvious]

Debt is an insidious trap and should be used sparingly.

D.R. would say to avoid it like the PLAGUE.

[redlegplanner]

Since we’re all talking about him, here’s Dave’s 7 steps for anyone who isn’t hooked on listening to Mr Ramsey (1 hr/day on the drive home for me):

Baby Step 1 – $1,000 to start an Emergency Fund
Baby Step 2 – Pay off all debt using the Debt Snowball
Baby Step 3 – 3 to 6 months of expenses in savings
Baby Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement
Baby Step 5 – College funding for children
Baby Step 6 – Pay off home early
Baby Step 7 – Build wealth and give!