Yep. I sat through a Dave Ramsey course several years ago. I don't remember most of the specifics, but I'm pretty sure that the "$1000 emergency fund" is just

Yep. I sat through a Dave Ramsey course several years ago. I don't remember most of the specifics, but I'm pretty sure that the "$1000 emergency fund" is just the _first_ step, for those who don't have _any_ existing savings yet. Looking things up... yeah, these are the "7 steps" he suggests [0]: - Step 1 – $1,000 to start an Emergency Fund - Step 2 – Pay off all debt using the Debt Snowball - Step 3 – 3 to 6 months of expenses in savings - Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement - Step 5 – College funding for children - Step 6 – Pay off home early - Step 7 – Build wealth and give! So, the idea is to get _something_ in reserve now, then build up that fund once you've eliminated debt. [0] https://www.daveramsey.com/dave-ramsey-7-baby-steps https://www.daveramsey.com/dave-ramsey-7-baby-steps