Answered

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Is it better to pay off credit debt or create an emergency fund? Why?

Sagot :

Answer:

“Every single day your high-interest debt goes unpaid, it's costing you money — a LOT of money — in interest,” Krawcheck says. Instead of putting your extra cash toward an emergency fund, she suggests that focusing all of it on credit card debt first will save you more in the long run.

Explanation:

cnbc.com/select/pay-off-credit-card-debt-or-save-for-emergency-fund/#:~:text=“Every%20single%20day%20your%20high,more%20in%20the%20long%20run.

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