Comparison I did: Dave Ramsey plan vs. the money guy FOO method

I tried following Dave Ramsey's baby steps for about a year. Got my $5k emergency fund together and paid off my car loan. But then I switched to the Money Guy's Financial Order of Operations and it just made more sense for my situation. Their approach let me invest for retirement while still paying down my credit card at the same time. Has anyone else tried both and found one clicked better for them?

3 comments

3 Comments

emma_lee221mo ago

Does the order really change much in the end? I just picked what worked for my paycheck.

joseph_bailey1mo ago

Does it really matter that much which order you do stuff in?

kellyallen1mo ago

Respectfully I gotta push back on that. The order you tackle things in can totally mess up your budget if you pick wrong. Like if you pay a smaller bill first but ignore a big one that has late fees piling up, you're just losing money in the long run. It's not about being perfect but being smart with what you've got. I've seen people end up paying way more than they needed to because they didn't pause to think it through. So yeah, it does matter a bit unless you've got money to burn.