I am trying to decide , what to do with my finances and savings and I need some opinions !
These are my options
Would you , apart from the normal monthly bills like electricity , car insurance and that sort of thing
a ) try to put as much money as possible in savings to build up a cushion for bad times ( or worse times than I already have now ) and only pay the minimum on my other debts until I have about 2-3 months of reserve built up
b ) try to pay as much off as possible in the shortest amount of day and only put a basic amount of money into savings , until all is paid - off
And how much would you put aside , about as much as I would need for 2 - 3 months if I have NOTHING coming in and would have to survive on that or more ?
And what is the " envelope " method , I was reading about somewhere else , but can´t find that thread anymore ! Anyone knows about it , tried it and it has worked for them ? Or other ideas !