Here is a video from Cambridge Credit Counseling that speaks directly about the need to save even when dealing with debt.
I can’t stress it enough, how important it is to make saving a priority even before debt repayment.
The last place you want to be is broke from spending through your savings but still in debt.
It’s so refreshing to see a credit counseling group support this point of view. All debt relief providers should be factoring in some savings into any proposed plan to get out of debt.
Three cheers for Thom Fox and the video.Saving Money is Important When Getting Out of Debt by Steve Rhode