The balance between paying down debt and savings

[sweetana3]

I had always heard have 6 months of funds available for emergencies. Can be pure savings, CDs, accessible credit cards (but they have to be repaid consitently), etc. Could be total job loss, serious medical issue or accident, major unpredicatable expese, etc. We have never been in a situation of need but we always talked about the what if's.

[Tradd]

I had always heard have 6 months of funds available for emergencies. Can be pure savings, CDs, accessible credit cards (but they have to be repaid consitently), etc. Could be total job loss, serious medical issue or accident, major unpredicatable expese, etc. We have never been in a situation of need but we always talked about the what if's.

This was not about your PERMANENT emergency fund, but a smaller one while paying down debt. BIG difference.