I've been contemplating on rather I should save only a $1,000.00 as a small way to begin an emergency fund. By doing that I could foucus then on paying down debt.
On the other hand by taking Suze Orman's advice by saving 8 months for an emergency fund, I could pay down down debt without having to worry about hitting a snag. And trust me I always hit snags. I guess once I get more of a grab on my finances, I'll be able to get a better picture.