If you're been struggling with a mound of debt for quite some time and are also working hard to create or preserve an emergency savings account, you may be wondering if you should switch gears and favor one goal over the other.
Prioritizing your debt payments is always a good idea, but you need to determine whether the consequences of paying down debt faster really are better than building up a savings fund.
… Back to Article
Join/Renew for Just $16 A Year
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- Free membership for your spouse or partner