When debts are causing issues with your ability to save and build an emergency fund, it could be worth taking a look at restructuring your debt to make it more affordable and to clear it sooner. The less debt you have, the less interest, the more chance that you can save.

It is a wise move to review your debts and see if it’s possible to save money on the interest. Imagine the interest that you are paying every month could be a big additional to your savings. It would allow you to build up more savings a month.