The 8 Money Milestones is a biblical-based guide that helps us answer the question, “What financial step do I need to take next? Here are the 8 Money Milestones: Money Milestone 1: Start giving. Money Milestone 2: Save $1,500 for a minor emergency. Money Milestone 3: Max out your 401(k) or 403(b) match. Money Milestone 4: Pay off all debt expect your mortgage. Money Milestone 5: Save 3 to 6 months of living expenses for a job-loss level emergency. Money Milestone 6: Put 15% of your gross income toward retirement. Money Milestone 7: Save for college or pay off your mortgage. Money Milestone 8: Live more generously.