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Pay Off Debt or Stockpile Cash During This Time of Uncertainty?

Zachary and his wife have $8,700 left to pay off in Baby Step 2 before they’re debt-free. With the chaos and uncertainty of how the coronavirus is going to affect the economy, Zachary asks if it’s best to pause their gazelle intensity or pay it off as planned. Dave shares that in times of uncertainty, it’s wise to push pause on the Baby Steps and pile up cash until the storm clears.

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Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

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