When it comes to finances and baby steps, many people often think about Dave Ramsey's 7 baby steps. Over the next few weeks I will be going over each of them and you can decide whether they are a good approach for you. The first Baby Step in Dave Ramsey's program is to save up a $1000 emergency fund.
Everyone really should have an emergency fund for the unexpected events that happen in life to all of us. The amount of the emergency fund probably varies from person to person depending on their situation and lifestyle. $1000 is definitely much better than having nothing at all and creating an emergency fund is a good place to begin financial baby steps.