Dave Ramsey Debt Free

The Dave Ramsey Plan is a popular money makeover plan used to pay off debt. Many people have achieved financial freedom by following the plan. For those whose debt has taken over their life, it's often a necessary choice.

While some of the more drastic measures of the Ramsey plan - such as selling expensive homes and cars, taking a second job, and living frugally while paying off debt - may seem overwhelming for some, anyone can benefit from the basic guidelines of the plan. For those with debt that is a growing concern, but not unmanageable, a short sprint with the Ramsey plan can help pay off debt and help to design a better long-term money strategy.

Test the Dave Ramsey Debt Snowball Plan

To try some of the Ramsey plan ideas, set a time period – a month, three months, six months - to pay off as much debt as possible. Use a snowball debt calculator to determine which debts to focus on. During this time period, live frugally. Set a budget that includes inexpensive food, less eating outside of the home, and a minimum number of purchases.