"I want to save for a rainy day but I have credit card debt, what should I do first?", is one of the most common questions we get. The common answer is you need to pay off that debt before you can try to accumulate wealth because debt can be a drain on your resources. But the real answer is, It depends. Don't get me wrong, you should always pay off debt but it doesn't have to be an either or situation. This week the Talk Wealth To Me crew discusses the different scenarios of putting together an emergency savings and paying off the high interest rate credit card debt.
Plus they discuss other choices we make that affect us financially!
