Last year, I mentioned somewhere on the forum that most Americans don't save money. One would assume that they save a little money each month but apparently the problem is worse than that. According to an article I read, over 50% of Americans don't have more than $400 in savings. So in case of an emergency to get $400 they'd probably have to borrow the money. This could be because most people spend money they don't have and when they are paid, most of the money pays off the debts. Just curious what do you think is better, save some money, have an emergency fund for rainy days or pay off all your debts before you begin saving?