[vendigirl]

I agree with the P.P. on this one- it is a matter of personal preference. We chose to create a $1000 "emergency fund" before really concentrating on paying down debts. Saving for 6 months' worth of expenses would have taken us too long and the debt would have been languishing at 18% nad 7% respectively during that process. That $1000 account has kept us from using our credit to handle unexpected emergencies more than once and has been well worth the small amount of interest we paid on the cards while we saved for emergencies.