Balancing paying off debt with building an emergency fund can be challenging, but there are ways to do it.
Debt avalanche method: After making minimum payments on all debts, clear the debt that's costing you the most.
Once that debt is paid off, you move on to the next highest interest-rate debt with any extra money you have.
Start small with your savings and try to save $1,000 in your emergency fund to cover an unexpected expense.
If you're worried about your emergency fund holding you back from paying off debt, think of how to use it better.
Consider what supports and resources you have in place now that you could count on in the event of an emergency.
If your emergency fund has so far gone unused and you've accumulated enough, use it to pay off debt.
Ultimately, the best approach will depend on your individual circumstances and your immediate financial status.
Balance between paying off debt and building an emergency fund to avoid taking out debt in an unexpected situation.