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re: Tips for paying off debt?
Posted on 6/25/15 at 7:13 am to StringedInstruments
Posted on 6/25/15 at 7:13 am to StringedInstruments
quote:
I've read from many sources that paying off debt is more important than savings, but I can't help but think that paying the minimums for a while and establishing an emergency fund would benefit me more.
Do you have anything you can borrow against in a dire time of need such as a 401k, home equity or something similar? Also keep in mind if you lose your job, you'd qualify for unemployment.
There are lot of things to consider when trying to determine the priority of the emergency fund. Good luck.
1
Posted on 6/25/15 at 8:07 am to notsince98
quote:
There are lot of things to consider when trying to determine the priority of the emergency fund. Good luck.
Good points. I hear that question all the time :"what if you lose your job?".
I am amazed at how many people assume we are incapable of cutting grass, painting homes, etc.
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