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Originally Posted by cantretire
But what about emergencies that you can't use a CC for? Example: A few years ago I was unemployed and uninsured. I got the worst toothache of my life. Turns out I needed a root canal and crown. Doctor wanted over $1,000 upfront, cash, check or MO, BEFORE he would touch it - even for those with insurance. He just didn't want to wait for the reimbursement check or to trust the patient to make monthly payments. I had to borrow the money from my parents. If it wasn't for them, I would have had to go for the cheaper route of having the tooth pullesd.
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A root canal is an example of why you might want cash...
but you were also uninsured and unemployed... so you were in a situation of one problem amplifying the other.
CC are not the end all, cure all to an EF... but I would suggest they can bridge at least 50% of problems... and you could have taken the cash advance off card if needed.
My stance is cash needs to be working for me, or I'll be working for cash a lot longer.