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

Penny Pinchin' Mom

DECEMBER 17, 2023

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

Pay Off Debt 52
Pay Off Debt Debt Emergency Fund Financial Goals 52
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

JANUARY 30, 2013

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. For example, if my family were to experience a sudden drop in income, we have enough home food storage to help us along for a few months. However, I also keep emergency funds in a taxable investment account.

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Emergency Fund Job Loss Transportation Staying Warm 211
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