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Pay Down Your Debt Challenge

The Savings vs. Debt Payoff Dilemma: Which to Tackle First?

Here's how you can have the best of preparing for a rainy day, while wiping out your debt

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.
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