Dave Ramsey believes that by following his Seven Baby Steps people can achieve Financial Peace. Eliminating debt, saving for the future and paying off your home are all financially important goals, but trying to do them all at once will dilute your efforts. The Baby Steps plan works by focusing all your energy--and income--on one of these goals at a time.
Baby Step 1: $1,000 in an emergency fund
You might be tempted to skip this step and jump to paying off your debt, but...
