Once a specific debt is paid off, the borrower should redirect that payment amount first to a basic emergency fund, and then to an investment account.

Authors

• Person: Not available Organization: Finhabits
  Debt Snowball vs Avalanche: How to Pay Off Your Debt Faster

Sources

• Debt Snowball vs Avalanche: How to Pay Off Your Debt Faster www.finhabits.com Finhabits via serper

Referenced by nodes (1)

• emergency fund concept