Quote Originally Posted by just_a_yak View Post
I love Dave Ramsey. I watch his videos probably daily. I like the no nonsense approach (like IL said), the general life advice (financial adjacent), frugal motivation ("beans and rice, rice and beans"), etc. But when it actually came down to paying down my debt, I couldn't actually follow it: I couldn't leave only $1,000 as an emergency fund, I couldn't take money out of an investment inheritance to pay off debt. What I did was not ridiculous -- I knew I had big purchases coming up so I didn't want my account depleted and my debt was at a low rate, so I didn't feel it was urgent. But I still felt like a poser for not walking the walk
I think this sounds very sensible. 1000 in an emergency fund is not enough to cover most things that are really an emergency. We did use that method fifteen years ago to get out of debt, so maybe I should not say that, but things are so much more expensive now. I think his advice about having 6 months of living expenses is very important.