From Yahoo Finance: 2025-04-16 20:00:00

A Redditor shared her journey of becoming debt-free by following Dave Ramsey’s baby steps formula, paying off $37,900 in less than three years. The couple focused on student loans and vehicle loans, with the husband’s increased income key to their success. They aim to build an emergency fund and pay off their mortgage early.

The couple plans to save $36,000 for an emergency fund and then target $50,000. With a potential strike looming, financial stability is crucial. They also aim to pay off their $590,000 mortgage faster. By practicing good money habits and investing in their 401(k) plans, they are setting themselves up for a secure financial future.

Commenters noted the couple’s progress at a young age, suggesting a promising financial future. Their discipline and early debt payoff lay a strong foundation. With continued career growth and financial discipline, they can achieve financial independence and potentially retire early. Investing in good habits early on can lead to long-term success.

Read more: ‘My Husband And I Started Our Baby Steps Journey In November 2023’