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Question: H.G. in Butler County: Can you help? I have about $20,000 in credit card debt and not much in savings. Should I focus more on paying down the debt or building my savings?
A: If it makes you feel any better, others are in the same boat: three 1 in 3 Americans have more credit card debt than savings,according to Bankrate.com. And while its obviously not an ideal situation in which to find yourself, whats important is that youve recognized the problem. Now lets help you take some steps to solve it.
First and foremost, you should prioritize building an emergency fund. Wh…
Read the full article at: https://www.cincinnati.com/story/money/2021/06/16/allworth-advice-which-takes-priority-paying-down-debt-saving/7705313002/
