It’s taken you a long time to get here but boy has it been worth it. You are out of debt, have some money in the bank and you have made arrangements to not work your entire life. Now let’s focus on the kids. If a student loan debt was in your Baby Step #2, then this step should be a no brain-er for you. Imagine your children embarking on adulthood with no debt. We all want our children to have the best education and financial footings possible and this step does both. Dave Ramsey suggests that you start putting money in a savings account such as a 529 Plan for your children’s educational expenses. Stay clear of insurance policies, bonds, and prepaid tuition plans.