tag:blogger.com,1999:blog-1301120870687958651.post1563966738885240501..comments2023-03-04T06:23:52.569-07:00Comments on there once was a girl.: differing opinionsashleycoleanhttp://www.blogger.com/profile/03413590429685521448noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1301120870687958651.post-29933705321222217882011-06-07T18:49:46.435-06:002011-06-07T18:49:46.435-06:00it all depends on what your debt looks like, your ...it all depends on what your debt looks like, your comfort level with the unknown, the risk you're willing to take, your employment security and your priorities.<br />which is the problem...every person is different. we all have our own 'financial fingerprint,' if you will. <br />had i not had any money in savings i would have likely tried getting a small cushion there first before snowballing my debt. but, i'm not a risk taker-especially with money. i like to be safe-just in case. <br />if your debts have high interest rates (above 6%) you should work on paying those down first. if your debts have low (or no) interest you may want to consider beefing up the emergency fund first. <br />hopefully you can make it work to do both-pay the majority on your debt while still contributing (even in a small way) to an emergency fund. let's say in a month, once you pay all your contractual and variable bills, you have $300 left. my suggestion would be to put $240 down on debt and $60 into your emergency fund. this $2/day won't feel like a hit to your funds but by the end of the year will be $720! just remember with something like an emergency fund-EVERY LITTLE BIT HELPS!..ashleycoleanhttps://www.blogger.com/profile/03413590429685521448noreply@blogger.comtag:blogger.com,1999:blog-1301120870687958651.post-50408505360071701902011-06-07T08:19:21.983-06:002011-06-07T08:19:21.983-06:00Okay, so but back to the question we discussed las...Okay, so but back to the question we discussed last week. If you only have enough extra cash to put towards one thing, what should be your first priority? Getting the emergency fund set or debt??ABarrhttps://www.blogger.com/profile/14449891906068251327noreply@blogger.com