Baby Steps to Financial Peace

Updated: Sep 14

Being mediocre, and just living check to check, worry to worry, problem to problem all your whole life - that's the hard stuff.

The easy stuff is sacrificing, focusing, and being intense for just a few years. It will be worth it. - Dave Ramsey

Each of us has run into financial issues during our life; an unexpected medical bill, loss of a job, a major car expense, paying for college or retirement. Maybe you struggle with budgeting, spending more than you earn. Today is a good time to begin taking baby steps for a better financial future.

Dave Ramsey offers 7 Baby Steps on your journey toward to saving for emergencies, paying off debt and building wealth. You don’t need a finance degree; anyone can do it. With each baby step, you’ll change how you think about and handle money.

Baby Step 1: Save $1000 for your starter emergency fund

Baby Step 2: Pay off all debt (except the house) using debt snowball

Baby Step 3: Save 3 - 6 months of expenses in 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

“I have only one very simple message—be responsible to God and family, sacrifice the unnecessary to gain the necessary, get rid of debt, and build a financially peaceful future." -Dave Ramsey


Download free financial tools, like the Quick Start Budget worksheet, on RamseySolutions.com.

For quick answers to your everyday money questions covering all things financial, check out The Money Answer Book by Dave Ramsey through the library.

Listen or Watch Dave weekdays, where he shares practical answers to money issues like debt, budgeting, retirement and building wealth.

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