Should I save or pay debt first?

A practical order is a tiny starter emergency fund, any 401(k) match, then high-interest consumer debt (often above about 8% APR), then a full emergency fund, then investing more. Interest rate and job security change the mix. Use the debt payoff calculator so the date and interest cost are visible before you pick a slogan.

Debt payoff calculator Ask another

Source: FAQ: Saving & banking. Educational only, not advice. Facets: topic debt · capital none · hours/week 2 · skill beginner.