Everyday I learn something new and that is one of things I love about the internet. It really makes everything available to you. You are able to feel a sense of community which I absolutely love. I discovered a new blog that I really fell in love with right away, Dimple’s Divine Domain. Today one of the posts asked a very good question, when dealing with debt do you put all your money towards paying down your debt or do you build up your emergency fund. Right off I thought, “Well you pay off debt, you are getting charged interest everyday so that makes sense”. After reading some comments I read an interesting point. If you put all your money towards debt and an emergency comes up most likely you will have to put it on credit and that defeats the purpose. I never thought about that. The best answer to that question for me would be to divide my money between both the debt and emergency fund.
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