Balancing Debt Repayment and Savings

Here’s the scenario: You’d like to start saving toward a home, but you’ve got a new baby and you’ve racked up a lot of credit card debt. Or maybe your kids are nearing college age and you know tuition will cost a lot, but you still have some outstanding debts hanging over your head. How can you decide between saving for important goals and paying down debt balances? It’s all…