Dave Ramsey’s 7 Baby Steps
- Save up $1,000 to start an emergency fund.
- Pay off all non-mortgage debt using the debt snowball.
- Save up 3 to 6 months of expenses to complete your emergency fund.
- Invest 15% of household income into Roth IRAs and pre-tax retirement accounts.
- Work on college funding for children.
- Pay off your mortgage early.
- Build wealth and give!