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URL:  https://boards.fool.com/as-laraamber-and-metrochick-pointed-out-having-30230284.aspx

Subject:  Re: E-fund w/ Debt Balance Date:  8/28/2012  4:24 PM
Author:  Windowseat Number:  305827 of 312954

As LaraAmber and Metrochick pointed out, having something in savings helps people learn new money habits and can keep some expenses from landing on the credit card.

I think most people would agree that accumulating a huge amount of savings while you're deeply in debt is counterproductive. But a smallish accumulation of a thousand dollars or so can be a reasonable goal. It can pay for small necessities (like new tires) so that you aren't continuing to add to your debt. Learning how to control debt is a major factor in staying out of debt after the credit cards are paid off.

Nancy
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