Re: Paying Off Credit Card Debt vs Building An Emergency Fund
I never said "no cash"... understand the thread started by commenting on "pay down debt" or "hold cash"... in this situation, I strongly advocate paying down debt, holding close to zero cash. Why wait for an emergency which may or may not happen?
I am debt free and have 1 months cash on hand. The rest is "working" somewhere and might be tied up for 3-5 days while I get access to it. If I need to use it before 3-5 days, CC is my way to get it.
If I knew a hurricane is coming, I would have 3 days to get it.... Hurricanes don't just form overnight.
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