Monday, March 1, 2010

Paying off the Mortgage


Dave Ramsey's Baby Steps
1. $1000 in emergency savings
2. Using the snowball debt repayment plan, pay off small debts first. Then take the money from the bill you paid off and roll it over into the next bill.
3. Resume saving so accumulate enough cash for 3 to 6 months of emergency living expenses.
4. Place 15% of your income into a retirement savings account.
5. Save for your kids college fund.
6. Pay off the house early.

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