The idea of saving money when you’re in debt is debatable. After all, why would you save money at a lower interest rate than what you’re paying on your debt, right?
The problem is, unexpected things can happen and having some money put aside to pay for them when they do is a good strategy. Otherwise, you’re going to wind up going further into debt in order to cover those expected costs.
The PF&I blog posted an article today about how to save when you’re in debt with four good tips for getting some money put aside for unexpected emergencies.
