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- Jul 18, 1998
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Both are goals of mine for 2008 I just wanted opinions on what the primary focus should be?
Very well said.It also depends on the debt involved, interest rates, etc.
It's a lot more advantageous to pay down high interest, revolving debt (credit cards, for example) rather than sticking the same money in lower interest savings. On the other hand, it's a good idea to have some kind of emergency savings available in the hopes of avoiding further debt should something unexpected arise.