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No. of Recommendations: 3
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.

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