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Contents

  • Introduction
    • Understanding Your Financial Situation
      • The Case for Paying Off Debt First
        • High-Interest Debt
          • Pros
            • Cons
            • The Case for Saving
              • Emergency Fund
                • Pros
                • Special Considerations
                  • Interest Rates Matter
                  • Finding the Right Balance
                    • Using Technology
                    • Conclusion

                      Paying Off Debt vs. Saving: Which Should You Prioritize?

                      contributorcontributorcontributor
                      3.1 minute read
                      FinancePersonal DevelopmentInvestmentEconomyBanking
                      A balanced scale with money on one side and a savings jar on the other, symbolizing the decision between paying off debt and saving.
                      Published January 20, 2025
                      Last Updated May 30, 2025
                      contributorcontributorcontributor
                      3.1 minute read

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