Dave ramsey's first step for the 7 step money problem
starts off with visualizing a goal of 1000 to save. This
money will certainly plan for the future in time of
need. A emergency plan is beneficial in moments of
crisis, when you're struggling. People who don't invest
in this plan usually go into debt because of surprise
expenses. Now that we prepared to avoid future debt,
getting rid of our current debt is highly important also.
A important tip called the snowball method, helps by
listing everything you owe except your mortgage,
Then by small to largest knock out each debt monthly
by putting in as much as you can. The next step is
building up the emergency fund, while having bills.
However, even though this fund keeps you on your
feet with surprise expenses it also helps with bigger
life expenses as well in the future. By keeping it in a
saving account will help you not be tempted to touch
that money. Now the next step gets kind of tricky
because were thinking of retirement down the road.
Start by investing 15% of your household income into
a pre -tax retirement plan. Also investing in a