Step One 

1. This is a vital step to creating finical serenity. One should start good savings habits early in life and create an emergency fund.  

2. This fund prepares a person for unexpected bills later in life. 

3. The ultimate goal is to save $1,000. Though a student should save $200 and if one makes under $20,000 dollars $500 dollars is sufficient.

4. An emergency fund creates a safety net to fall back on.