![]() Now it’s time to attack debt with a vengeance using the debt snowball method. ![]() You’ve got $1,000 saved up so you can use that money instead of going deeper into debt when an emergency hits. You want to thrive-and the thriving starts here. Pick a few and get down to saving up.īaby Step 2: Pay Off All Debt (Except the House) Using the Debt Snowballĭebt’s good for one thing and one thing only: holding you back. The ways to earn or save $1,000 are nearly endless. Try selling stuff, clipping coupons, saying no to extra expenses, planning your meals, eating out less, using or selling old gift cards, and downloading money-saving apps. It just takes a little focus and some hard work. You can save $1,000 quicker than you think-really. How: Start saving more money and spending less. Your washing machine won’t live to spin again. Your kid busts his chin and needs stiches from the ER. 1That means 64% of them are borrowing, selling or going into debt when life happens. Only 36% of Americans say they can pay cash for a $400 emergency. How do you climb a mountain? How do you reach the top of those Everest dreams? One (baby) step at a time.īaby Step 1: Save $1,000 for Your Starter Emergency Fund If you want to do better, be better, and live better with money, you’re probably looking at what seems to be a mountain of work to get you there. They’ve proven themselves time and again as steps that work. ![]() The 7 Baby Steps are the proven plan to paying off debt, saving money, and building wealth. So, grab an extra pair of socks, friends, because we’re about to knock. We can show you how to get ahead with your money in just 7 Baby Steps. Lucky for you, that’s not the direction of this article. ![]()
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