Savings or Pay off Debt?

Avatar for cmkristy
iVillage Member
Registered: 07-05-2005
Savings or Pay off Debt?
2
Mon, 01-06-2014 - 1:23pm

Which do you focus on first? Do you focus on building up a safety net or paying off debt?

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Community Leader
Registered: 07-26-1999
Wed, 01-08-2014 - 4:57pm
We focused on building up a small savings so that in case of an emergency, we didn't have to pull out a credit card to pay for it, adding to our debt. Now that we have a savings amount that we are comfortable with that will cover just about any short term emergency, we are attacking the debt totals.
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Community Leader
Registered: 07-26-1999
Wed, 01-08-2014 - 4:58pm
We focused on building up a small savings so that in case of an emergency, we didn't have to pull out a credit card to pay for it, adding to our debt. Now that we have a savings amount that we are comfortable with that will cover just about any short term emergency, we are attacking the debt totals.
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