Quotation by
Suze Orman
If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance
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Understanding this quote AI Analysis
If you don’t have enough savings set aside to cover about eight months of your living costs, your priority should be building that emergency fund first. This is more important than reducing your debt balance because having cash saved provides a safety net in case you lose your job.
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