Decoding Financial Priorities
Should you save for an emergency or pay off high-interest debt?
Factors to consider
How high is the highest interest rate on your debt?
How much of your credit limit are you using?
How stable do you think your income is?
If instead, you feel your employer is stable and your income is not in danger, if you have high interest rate debt you should feel free to pay it off before saving into an Emergency Fund.