Do you still save while paying debts?

[freelancermaria]

It is a great idea to continue saving while paying off debts. Focus on paying your high-interest debts while also saving for an emergency fund, even if it’s a small amount. Balancing both is key. Do you still save while managing your debts?

 

[Augusta]

Yes I still try to set aside money when I pay debt. But I don't even owe too much so that I would be able to pay back

 

[eLdavis]

Yes i do this, but i find it pretty hard to save something reasonable cause my major focus would be on paying off the debts.

 

[Augusta]

You can do this by tracking your income and expenses to identify areas where you can cut spending and allocate more towards debt repayment.

 

[Fidelia]

I would focus on paying debts and staying debts free before I start saving. I can't do anything financial while in debts.

 

[Nomad]

Yes, I still save even when I am paying my debt. If I don't save I might have financial difficulties in the future.

 

[Springtime]

If I have debt, I will prefer to pay off my debt first before saving money because I have to pay interest for the debt.

 

[Suba]

A few years ago, when I still had to pay off my car installments, I couldn't save from my fixed income, except for a small amount of passive and online income.

 

[Augusta]

Sure by using the 50-30-20 rule putting 50% of my money toward needs, 30% toward wants, and 20% toward savings.

 

[King Belieal]

I might just save very little when I am paying debts except my income is very big to meet up monthly installments for debts and still save.

 

[Starmix]

Thankfully, I do have debts. It will be crucial if you have debts, as it will be hard for you to save money. Your priority is to pay until it's fully paid .