If you're rebuilding your family's finances, it's no secret we'd say these 7 Baby Steps are the way to go:
1. Put $1,000 in a beginner emergency fund.
2. Pay off all debt using the debt snowball and live on an everydollar budget.
3. Put 3-6 months of expenses into savings as a full emergency fund.
4. Invest 15% of your household income for retirement.
5. Begin college funding for your kids.
6. Pay off your house early.
7. Build wealth and give generously.
It’s a simple, proven plan to building wealth, and you can track your progress over time in everydollar 👏
#finances #moneytok #budgetingtiktok #moneymindset