What Are the Baby Steps?
Dave Ramsey's 7 Baby Steps will show you how to save for emergencies, pay off all your debt for good, and build wealth. It's not a fairy tale. It works every single time!
Baby Step 1
Save $1,000 for your starter emergency fund.
Baby Step 2
Pay off all debt (except the house) using the debt snowball.
Baby Step 3
Save 3–6 months of expenses in a fully funded emergency fund.
Baby Step 4
Invest 15% of your household income in retirement.
Baby Step 5
Save for your children's college fund.
Baby Step 6
Pay off your home early.
Baby Step 7
Build wealth and give.
Why the Baby Steps Work
Forget everything you know about money-management plans. With Dave's 7 Baby Steps, you don't need a degree in finance to take control of your money. Anyone can do it! With each step, you'll change how you handle money—little by little.
Link to original article from DaveRamsey.com