2. Think about an emergency fund
When you’re deep in debt, you should definitely consider an emergency fund. Unexpected events could happen anytime, and it’s best to be prepared than sorry. Sophie Raseman, head of financial solutions for Brightside, an employer-sponsored financial care benefit for employees says that an emergency fund will prevent more debt in the future.
Maybe you’re in debt right now due to an unexpected event such as a car breakdown. So, think about an emergency fund to prevent future headaches.
