The Baby Steps are SmartDollar’s roadmap toward financial stability and success. Whether you’re stuck under a pile of debt or already on your way to building wealth, these common-sense principles can teach something new to people from all walks of life. Here are the 7 Baby Steps:
1) Save $1,000 in a starter emergency fund
2) Pay off all non-mortgage debt with the debt snowball
3) Save 3-6 months of expenses in savings
4) Invest 15% of your income for retirement
5) Begin college funding for children
6) Pay off the home early
7) Build wealth and give!
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