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      07-25-2012, 10:31 PM   #43
fitchesbass
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Drives: BMW
Join Date: Jan 2009
Location: Fairfax, VA

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Quote:
Originally Posted by Prince300 View Post
What if already you have some debt going on, do you pay it off 1st then start saving or you save while paying it off?
I'm no expert... but if it were me I'd likely pay off the debt first. I rack-n-stack the debt payoff by the following:

First, what type of debt? credit cards? students loans? etc

Second, what is the interest rate(s)? I'd pay off the highest interest rate first

Third, start saving money once you have your debt under control, and don't start getting back into debt once you've climbed out.
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