Keep your cash! Money tips and apps

There are lots of great financial apps that help you to make the most of your money.

Acorns, Stash,  and Robinhood all let you invest in low cost ways but I think one  of the best overall financial apps is  Every Dollar, which includes tips for budgeting and debt reduction.

The  Every Dollar Debt Snowball is a powerful tool. The debt snowball method is a debt reduction strategy where you pay off debts in order of smallest to largest, gaining momentum as each balance is paid off. When the smallest debt is paid in full, you roll the money you were paying on that debt into the next smallest balance.

It looks something like this:

Step 1: List your debts from smallest to largest.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full.

The Every Dollar plan outlines  Baby Steps to financial well being:

Baby step 1: Save $1,000 for your starter emergency fund.
Baby step 2: Pay off all debt (except the house) using the debt snowball.
Baby step 3: Save 3–6 months of expenses in a fully funded emergency fund.
Baby step 4: Invest 15% of your household income in retirement.
Baby step 5: Save for your children’s college fund.
Baby step 6: Pay off your home early.
Baby step 7: Build wealth and give.