this post was submitted on 25 Jul 2023
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AusFinance

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This flowchart had been shared before, mostly on reddit and likely on lemmy too.

I believe it is good to keep passing this knowledge forward.

As for discussion, are there any changes needed for this flowchart? since it was created a while ago

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[โ€“] [email protected] 6 points 1 year ago (1 children)

I think paying off high interest debt should come before building an emergency fund. If you have a lot of credit card debt, that is an emergency.

[โ€“] [email protected] 4 points 1 year ago

Even more so I would consider paying off high interest debt wayyy before super incentives!