PAY OFF DEBT OR SAVE AN EMERGENCY FUND?

WHAT IS YOUR PRIORITY....PAYING OFF DEBT OR SAVING AN EMERGENCY FUND? How much should be set aside for an emergency fund if you are an employee vs self employed?
If you are wondering, you’re not alone.
An emergency fund (or Peace of Mind Fund) should be money set aside, and used only for unforeseen expenditures. Building up that account can be tricky when you’re trying to get out of debt. So what comes first? The emergency fund account or getting out of debt?
LeRoy Warden, host of Edmonton Real Estate Today learns from Scott King and Ed Joseph of Free Indeed Financial, which steps should be taken first and how much money should be aside for an emergency fund. Homeowners check out this video.
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This video is intended as general information only and is not to be relied upon or considered as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not warranty or guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of our guest/speaker as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Edmonton Real Estate Today, Leroy Warden or any of its affiliates.