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Can get nuanced in step 4 by paying down debts with high interest before paying down debts with low interest. Typically best to make minimum payments on lower interest lines of credit (student loans?) while paying down high interest lines(credit cards?) and then as debts are eliminated doubling down on the still existing debts until you’re on top of things. Once you’re on top of things, as long as you keep to 1, it can make sense to contribute more to 2, instead of paying down debts as savings can sometimes out pace interest(bitcoin for example)

Pay yourself first means treat your savings as your top priority expense above ALL other expenses. Save minimum 10% every paycheque and live off the other 90%. This cannot be overstated, most people treat there savings as there last priority and wonder why they never have anything left at the end of the month. The above is the answer.