Finhabits recommends that once debt is paid off and monthly cash flow increases by $300-500, the funds should be immediately redirected toward building an emergency fund and then investments.

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