Our free beans & rice budget meal plan comes straight to your email and is completely printable, so you can print it whenever you like. We’d love to hear about it! BONUS: Our Budget “Beans & Rice” Meal Plan Let us know if you try any of these Dave Ramsey calculators out, and if they’ve helped you on your debt free journey. The reason Dave teaches these guidelines is because when people throw a mortgage on top of all their debt, unexpected expenses or a job loss can easily crush them financially. Can qualify for a 15-year fixed-rate conventional mortgage.Have an emergency fund of 3–6 months of expenses.Remember, Dave teaches that you should hold off on buying a house unless you meet these qualifications: To feel confident about buying a house you can afford, enter your monthly income into the How Much House Can I Afford? calculator and instantly get a list of home prices that fit your budget, based on Dave’s guidelines. Dave Ramsey’s How Much House Can I Afford? Calculator If you want to see where you stand, use Dave’s handy debt-to-income ratio calculator. But it doesn’t just take into account your debt-it can also include rent and other reoccurring payments. Your debt-to-income ratio is just a fancy term to explain what percentage of your income goes toward debt each month. Dave Ramsey Debt-to-Income Ratio Calculator Plug in your numbers to get started.” How awesome is that? 12. (Yep, we can predict the future.) Our debt calculator can show you just how fast you can get there. We love this debt snowball calculator because it churns out your anticipated debt free date! Per Dave: “The only thing more predictable than the plot of a Hallmark movie is your debt-free date. Maybe it will inspire you not to take out that loan after all. Then stick around to see what’s even cooler than that car you’re eyeing. If you’re thinking about buying a car with debt, you can use their car payment calculator to see how much your monthly payment would be. Honestly, we were kind of surprised to find this car payment calculator on the Dave Ramsey web site, but yes, it’s there. Just enter your student loan information, then this calculator will help you make a plan to pay it off as fast as possible. Use Dave’s student loan payoff calculator to see how much you can save on interest by making extra payments. Dave Ramsey Net Worth Calculatorĭon’t live with your student loans for 20 years. In the 401k calculator / investment calculator, you can input your current retirement savings, your contributions, and your anticipated annual return rate into the investment calculator, and they’ll show you how much you can expect to have in retirement. It will also break down how much you have to invest every month to make your dreams a reality. Then the calculator will do some fancy math to figure out how big of a nest egg you’ll need. How much money do you need to retire? In Dave’s R:IQ retirement calculator, you’ll describe your retirement plans and your current financial progress. The expense categories are autofilled based on averages of what people typically spend, but feel free to type in your actual expenses to get a more accurate comparison. You’ll see the breakdown of how your monthly expenses would compare between cities. To use the cost of living calculator, simply enter the two cities you want to compare, and your current salary, and this calculator will give you a cost of living comparison. Use Dave’s mortgage payoff calculator to see how fast you can pay off your mortgage! Just enter information about your mortgage loan and how much extra you plan to pay toward your principal balance. Dave Ramsey Mortgage Calculatorīuying a home? In the mortgage calculator, you can type in your purchase price, interest rate, down payment, taxes and more to get a monthly payment breakdown and/or a full payment schedule. Oh, and if you’ve never read our personal debt free story, you can find it at We’re Debt Free! Our Story of How We Paid Off Our House. While you’re here be sure to check out our Dave Ramsey meal plan for a beans and rice budget, free Dave Ramsey inspired budgeting printables, and this super fun post about 13 things Dave Ramsey fans wish you knew. These 13 Dave Ramsey calculators will help you create strategies for paying off your debt, saving for college, planning for retirement, and more. Actually, I’m not sure they even existed at the time, and they certainly aren’t in one easy-to-find place on his web site. When we were working our way through the Dave Ramsey Baby Steps, we didn’t know about any of these calculators.
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