What Are the Baby Steps? – SmartDollar

The Baby Steps are a simple plan to help you know what to focus on first as you make progress with your money.

They provide a clear path forward so you can take one step at a time with confidence. Your SmartDollar benefit includes tools and resources to support you along the way, including EveryDollar, the Debt Snowball tool, and the Mortgage Payoff Calculator.

When you’re working on your money goals, it can be hard to know where to start.

The Baby Steps help you focus on the next right step instead of trying to do everything at once.

They can help you:

As you work through the Baby Steps, your SmartDollar benefit includes tools that can help you make progress at every stage.

EveryDollar helps you create a monthly budget, give every dollar a job, and stay on track with your spending.
The Debt Snowball tool helps you organize your debts, track your payoff progress, and stay motivated as you work through Baby Step 2.
The Mortgage Payoff Calculator lets you see how making extra mortgage payments could affect your payoff timeline during Baby Step 6.
Tools, articles, and videos offer practical guidance and encouragement throughout your financial journey.

Start with the step you’re currently on and focus on that before moving to the next one.

As you move through the Baby Steps, SmartDollar can help you find tools, content, and Action Items that support your progress.

We recommend watching Your Money Plan and then working through the Baby Steps in order.

Baby Steps 1, 2, and 3 should be completed one at a time with focused intensity.
Baby Steps 4, 5, and 6 should be worked on together with intentionality.

The team is happy to help. Submit a request here.