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Living Debt Free Pay Off Debt Emergency Fund Financial Goals Debt Free Savings Account Personal Finance Debt Finance Credit Cards More Related Topics >

The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

DECEMBER 17, 2023

I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency. On the other hand, if your savings are depleted in the process, you may end up with more credit card debt if you are hit with unplanned expenses.

Pay Off Debt

Pay Off Debt Debt Emergency Fund Financial Goals

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