Re: Paying Off Credit Card Debt vs Building An Emergency Fund
I agree with the original poster. Everything he said makes sense and I've always felt that paying off debt should be your first priority. Although I've never been in debt myself, I guess I can't speak from experience. But mathematically it just makes sense.
The only thing I can think of where you might run into trouble if you don't have an emergency fund is for paying rent for an apartment. There are a lot of apartment owners that do not accept credit cards for payment so if you had an emergency you wouldn't be able to rely on your credit cards to pay your rent.
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