Black smartly lays out the advantages of both and even points to the benefits of taking the middle road. She talks about how she and her husband created a very basic emergency fund (around $1,000) and then made getting rid of debt their priority. While she encourages you to do whatever suits you and your situation, she points to budgeting and watching your expenses as the keys to making your plan work.
What’s more important to you: paying down your debt or building an emergency fund? Have you figured out a way to do both at once? Do you use an Ally Bank Money Market Account or Online Savings Account to save up for emergencies?