Building an emergency fund while paying off debt is a tricky balance. Life is unpredictable, and an unexpected expense can throw off even the most careful financial plans. This is why having an emergency fund is so important – it’s your financial safety net when life happens. But if you’re also dealing with debt, the question of how to juggle paying it off while building an emergency fund can feel overwhelming.
The good news? It’s possible to do both. By using the right strategies and being intentional with your money, you can build an emergency fund and tackle debt. In this blog, we’ll provide steps to help you manage both priorities without feeling too financially strained.