How to Save and Pay Off Credit Card Debt
Not only are Americans swimming in debt; they are also doing a poor job of saving for emergencies. Bankrate.com surveyed more than 1,000 households and found that 3 in 10 Americans have more credit card debt than emergency savings, the highest in nine years of surveys. So what should take precedence: saving for emergencies or paying off credit card debt? David Kilby, president of FinFit says the answer is not one size fits all.