7 financial baby steps to start the New Year off right

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MONROE, La (KNOE) - What are the first 3 baby steps that you teach about money?

Courtesy: MGN Online

Baby Step 1 is to have a $1000 emergency fund- this changes a crisis situation into an inconvenience.

Baby Step 2 is to pay off your debt smallest to largest because personal finance is 80% behavior and 20% knowledge. We gain momentum and pay debt off faster.

Baby Step 3 is to have a 3-6 month fully funded emergency fund to help prepare you for loss of job or illness.
What are the other 4 baby steps that you teach?

Baby Step 4 is to put 15% into Retirement and we recommend that you always put up to the company match in your 401K then put the rest in a Roth IRA because the gains are tax-free and it is tax-free when you withdraw it at retirement.

Baby Step 5 is to save money for Kids College.

Baby Step 6 is to pay the home off early.

Baby Step 7 is to build wealth and give.