By Tim Kowols
It may seem counterintuitive to some, but financial counselors say the best time to start saving is when you are dealing with debt. Consumers often throw money at their debt without ever asking themselves how they got into the situation in the first place. Gay Pustaver from Money Management Counselors says having savings to rely on is important because the “unexpected” will still have chances of occurring.
Pustaver suggests laying out a spending plan so you can identify where your money is going. You can listen to the first part of our Money Management Monday Series on Savings online with this story.