I wouldn't say foolish, but yes, that is the method I chose to go about it. And considering I paid off $27,000, I'd say it worked for me. We attempted twice to build up an EF, but both times I felt compelled to send all the money to the CC's and couldn't sleep at night thinking about it.
I'm not advocating it...that's just the reality of it. One size does not fit all.
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