As you can see from today's title we will discuss whether you should save or pay off debt. Let's verify these different scenarios together Saving and paying off debt are both very important goals when it comes to personal finance. But when you are tight in your budget, you don't have enough to spare for debt payment and for Savings. So which one should you prioritize? This will depend on your situation and on a few other factors.

Money is a tool we use to live. The quality of life you get usually depends on how much money you make. We've all heard this before:  "Money does not buy happiness". What do any of us need to be happy? The answer to this question can be different for everyone. However, we are united on one thing: everyone needs a minimum of money to be able to live a somewhat decent life.