Snapshot of a Financial Plan

The Baby Steps, taught by Dave Ramsey, are the best I’ve seen.  They are straight forward, easy to follow, and best of all…they work!  I follow these steps pretty closely.  Once again, however, I tailor it to fit your personality and unique situation.  


The Baby Steps

Step 1:  Get a starter emergency fund of $1000 in the bank

Step 2:  Pay off all debt using the debt snowball

Step 3:  Save an emergency fund of 3-6 months of expenses

Step 4:  Put 15% into retirement

Step 5:  Funding kid’s college

Step 6:  Pay off the mortgage

Step 7:  ENJOY!


*Steps 4-6 are often done simultaneously but are listed in order of priority.