What Are the Dave Ramsey Baby Steps?

Financial guru Dave Ramsey encourages those who want to get out of debt for good to start with these seven baby steps. This proven plan is designed to reduce the stress of debt, and it has done just that for millions of Americans. 1. Baby Step 1: $1,000 Cash in Savings This new savings account will be the “baby emergency fund.” This will be your family’s cushion in case of unexpected events like medical bills or car repairs. 2. Baby Step 2: Use the Snowball System to Pay Off Debt With this step, list all your debts from smallest balance Read More …