Financial Question...Out-of-debt-people's answers please?

I

ibeluvinmywife

New member
I was wondering, I'm $6,000 in debt and have 0 in savings. Before I begin paying off my debt, should I pay the minimum on the credit card, and save $1,000 for an "Emergency Fund," or should I continue paying as much as possible on the debt until its paid off?
 
$1,000 is not an emergency fund. $10,000 is an emergency fund.

Pay off the debt. Pronto.
 
You can pay the minimum until you pay it all off. Or you can ask the bank/credit card supplier if you can enroll you $6,000 debt into an easy pay term. like 12 months to pay or 6 months to pay.
 
You should have an emergency fund first. If you don't the first time an emergency hits, there goes all of your hard work on the debt.
 
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