I've recently got into the Dave Ramsey "system" and we have a baby on the way (January) and two 4 year old boys (Step-son+my son). I first saved 1k for the emergency fund (Baby Step 1) then realized that I shouldn't start paying down any debt (aside from minimums) until we know the baby is home; safe, secure, and healthy. So we decided to put more away into this emergency fund. (Currently 2.5k)
We only have to buy presents for 6 people and last year we spent, eh, near 2200 for the same people. Personally after evaluating everything in our situation I wrote up an article on how I went about this with our personal Christmas budget here How to Pay for Christmas
I still feel like 1k is a bit much but we do all our clothes/shoes/outerwear shopping at this time and it works for us. I was just wondering if anyone has some feedback on the methodology I used or any inputs on how to better go about this?
Submitted November 05, 2017 at 10:35PM by PumpkinBuns http://ift.tt/2hf1KIf
