I don't think starting a savings account with outstanding debt is a bad idea.I still do not understand this mentality. You are losing money paying high interest on CC's and getting very little on the savings. With a lower balance on the CC, there is the reserve E Fund, if and when needed.E Fund or not, the trick is getting off of the CC debt. Paying down the CC is financially MUCH better than saving and requires the same regimen, just applying funds where the return is greater.
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