Mr. Ramsey’s thoughts and teachings about debt and personal finance hold a lot of controversies. Specifically, Dave Ramsey’s recommended percentages for budgeting.
He is also the creator of the wildly popular baby steps.
These budget categories and percentages are taken from my Total Money Makeover book from 2009.
Setting up a budget is daunting for so many. How in the world do you even start? Where does my money go and what budgeting categories do I even need?
Even though you may not be Dave’s biggest fan, his program works.