My wife somehow got $1800 into debt last year. It started off as a $178 credit card, her first credit card at the age of 25. And she did not even inform me the limit got raised.
Well we have almost nothing in savings or maybe a meager $500. My wife puts $10 a week into there but I just found out that whatever she puts in there during the month she takes out and puts towards her credit card debt.
I want to get the debt gone, but I also want something into savings which can be used in case of an emergency. I say we should pay off the debt AND put money into savings. My feeling is that if something happens then we are tacking on MORE debt that we just paid off!!! Isn't it so?