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Baby Step 1&3

Updated: Feb 11


Baby step 1 is to save up $1,000 as fast as you can as an emergency fund. If you are not in debt you go straight to baby step 3 and save 3-6 months of your monthly expenses. Be honest with yourself. How do you stack up with this article? A $1,000 emergency would push many Americans into debt

How high can you handle an emergency without having to use credit, without going into debt. Only when we begin to be honest with our financial situation will we get them under control. Imagine having a fully funded emergency fund. Knowing that you can cover an emergency without having a financial crisis. It can be done.


$1,000 doesn’t seem like a lot but most emergencies aren’t that high. Furthermore, I noticed that we begin to manage money the proper way things emergencies of this amount happen less. It is like an emergency fund is a repellant too emergencies. 😂


When the children of Israel were in the wilderness their belongs did not wear out as quickly. While Larie and I climbed out of debt $1,000 was the amount we had to cover emergencies. We never used it. Having a budget, planing for expenses and having $1,000 elevated any unexpected expenses. My challenge to you is to save $1,000 as quickly as possible. Have a yard sale. Work overtime. Sell so much stuff the kids and pets think they are next. Get intense about it because having a plan releases the stress. Having a $1,000 for emergencies can give you peace of mind.


Here is a review of the baby steps here.


Next article Baby Step 2


If you have questions don’t hesitate to ask here. Take charge of your money!

Your biggest cheerleader on the web,


Gio Marin

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