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Old 02-28-2007, 07:47 PM
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jIM_Ohio jIM_Ohio is offline
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Default Re: Paying Off Credit Card Debt vs Building An Emergency Fund

Quote:
Originally Posted by cantretire
Cash advance at 20%???? No way. I'll keep the emergency cash fund.
I pay 0-9% for my advances. In an emergency, not an issue. It will be paid off quickly with cash flow from other sources.

We have close to $1100/month liquid cash in our budget. We contribute this to an IRA, and could easily stop one months payment to pay the bill on the CC.
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