Now that we've talked about the different types of emergency funds and then picking a strategy to get out of debt, let's talk about one of those options - the Free Cash Flow Method. It seems like this one is better for those of you that want to keep a smaller emergency fund, free up more cash on a monthly basis and reduce your overall debt down the road. Most financial experts say while the economy is unstable (hello, 2020!), it is better to focus on saving money while making minimum payments. Have you ever played The Game of Life? If so, you know it's important which paths you take on your road to retirement.