How to Build Savings While Paying Off Debt

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Zecco sucks. Horrible platform. Horrible customer service. During the market crash of 2008, their website shut down and I couldn't log in for 2 days. Reliabllity - not so much.
They used to give out free trades without an account minimum, but of course they did the switcharoo once word got out. There are better and cheaper brokers out there, especially for the active traders.

Sal of PA 1:38PM October 26, 2010

why zecco

howell of CA 1:27PM October 26, 2010

Hmm, I am not sure about the conclusion of saving money if you have debt. Sure, you want an emergency fund, but after that, the economics don't make sense. If I saving money in a bank account at 1% and paying 7% on a student loan, then I am becoming poorer, the more money I put in the account. If I instead put that money into a mutual fund, while it may increase 8% based on the historical average, I do not know where it will be heading and taxes need to be factored in to that as well.
Things are even more bleak if I am paying 14% on a credit card debt.

Ryu of NV 1:17PM October 26, 2010