Dave Ramsey’s seven baby steps are a foolproof way to stop bad habits, start budgeting, get out of debt, and build wealth. As mentioned in a here, the first baby step is to save $1000 to prevent you from going into debt. The second baby step is to start aggressively paying down all debt (besides your mortgage) as fast as you can.
How is this best accomplished?
A debt snowball is the best way to pay down debt according to the baby steps. You can do a debt snowball to pay off your debt by applying the following actions: