9 Dave Ramsey Money Hacks You Need for 2020

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“You’re materialistic if you’re focused on money.” Has anyone ever told you that? Well, you’re not selfish, you’re only concentrated on something that matters. So don’t let someone bring you down for keeping your money in order.

And one of the first things you can do to help yourself is to get your finances sorted. So check out these great Dave Ramsey tips for 2020 down below!

Minor changes go a long way

Some small sacrifices in your monthly expenses can help you save a lot. And to be honest, the only way you’ll be able to make changes is by keeping track of them.

Make sure that you have an effective budget that you follow! And check every month where you can make cuts and save some money!

Emergency funds

Dave Ramsey has sworn by this one, and we all know how unpredictable life is; we never know what financial setbacks will come up. So always keep at least $1,000 in your emergency fund.

Invest and invest smart

Start working with a professional who can guide you in the right direction as to where you should be investing your money.

A recent survey showed that investors’ own mistakes lead them to lose approximately 7.5% of their potential investment returns. So just make sure that you take it to a good professional.

Get rid of your debt

The increasing interest rates are nothing but a big pain. Be quick to pay off all your loans and free yourself from debts that will slow down your life plans.

Pay off your credit cards monthly

The interest rates are already too high if you let these payments sit. The banks are gonna benefit a great deal and all you’ll be left with is an empty pocket.

Might as well pay cash

Pay cash always. Avoid the use of cards as much as you can because every time, you end up paying more than the actual price due to the interest rate.

Plastic surgery

One of Dave Ramsey’s best pieces of advice is, “Plastic Surgery.” Cut up your cards and live the plastic-free life. Good Riddance!

One source of income

If you have a gun pointed to your head you have a 141 options (If you’re a suits fan you know who said this).

Similarly, when you want money there is no one way of getting it. Whether it’s selling off your old furniture or increasing your income by freelancing. You will always have a way to earn just enough to save some.

Financial education

Some companies offer this great way of understanding how to manage your money. If yours does, then don’t miss the opportunity to better equip yourself with good information.


These hacks will help you in making your future brighter and better. Not only will you efficiently use your money, but you will become more organized and have a clearer picture of what your future may look like.

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