The other key to staying ahead of the game is saving. You need a savings stash to keep you from sliding back into debt. Think about it: You're moving along, paying down your credit cards, making terrific progress. And your dog gets a nasty double ear infection. Between trips to the vet and pricey medications, this ends up costing you close to $200. Where is that money going to come from?
Unless you have a stash of savings, you are probably going to put it on your credit card. Although you now know enough to put it on your lowest rate credit card, that purchase is going to set you back. It's going to impede your progress and it's going to make you feel rotten. That's why you need savings.
Turn Protection into Profit
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Everything you need to know about Oprah's Debt Diet
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Baby steps to get out of debt
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