7 Baby Steps to Get out of Debt

Dave Ramsey's Total Money MakeoverEven if you are up to your eyeballs in debt, Dave Ramsey’s 7 Baby Steps will help you move toward debt freedom.

The 7 Baby Steps are listed below.

  1. $1,000 in an Emergency Fund
  2. Pay Off All Debt with the Debt Snowball
  3. 3 To 6 Months Expenses in Savings
  4. Invest 15% of Income into Roth IRAs and Pre-Tax Retirement Plans
  5. College Funding
  6. Pay Off Your Home Early
  7. Build Wealth and Give!

 

Dave explains the details of each baby step in his book, The Total Money Makeover and if you would like more in-depth study, you can sign up to attend Financial Peace University (FPU). There you will learn more about budgeting and household finances via a video series of powerful lessons taught by Dave! After the video, attendees usually participate in a facilitated group discussion.

I attended FPU at my church and was so inspired that I purchased the videos so I could view them at home and share the message with my family and friends. It seriously changed the way I look at debt and household finances.

Now, not only am I motivated to get out of debt, I am just as fired up to share this powerful information with others! Check out this printable version of Dave Ramsey’s 7 Baby Steps. Make several copies and pass on the knowledge with someone else today!

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