A New Way Of Thinking

Well, after reading the disturbing news that Circuit City is closing ALL of it's stores, as well as a major grocery chain having to close 50 doors, and several other stores having to file for bankruptcy we have decided to change our game plan. We are going to move any debt from high interest CC's to low or no interest CC's and continue to pay more than the monthly minimum, however, we are going to focus on saving our money instead of paying off CC debt. We only have enough saved to pay PART of one month's worth of bills and I've always "heard" you should have at least 3 and now they are saying as much as 8! (We previously had 3 month's worth saved but due to an unexpected illness, we spent the money paying bills for 5 weeks as well as the medical bills that accrued.) My husband works for a small business and we have GOT to get some money saved jic something bad happens. I have no doubt my husband could find another job in his field but I am not so sure it would pay as much as he is making now. We are REALLY starting to get scared so we are going to try to "help ourselves" by saving money instead of paying off the debts right now. As long as we keep paying the bills, and don't let our credit scores falter we should come out of this ok. It's just a bad time to have accumulated all of this CC debt and NOT have enough in savings to cover our butt's should something go wrong. Here's hoping all of you have a wonderful 2009! Good luck saving and paying off debt! :)