You can start the emergency savings fund by setting aside $1000 for the rainy days before any problems arise from unplanned costs.
His debt snowball method recommends paying off the smallest debt first, the next smallest debt, and so on until all debts are paid in full.
If you’re unsure how much you need to save, a good rule of thumb is to start with three months’ worth of expenses and then increase it from there.
The ultimate goal before you retire is to have a healthy, safe cushion of money set aside for when the time comes.
Saving money for your children’s college fund will keep them from student loan debt, which can be one of the most significant factors in their financial stability and success.