Re: Hypothetically: Debt or Emergency Fund?
Personally, I'd like to have access to some cash for the uppercase type of emergency. Who knows if the phone lines will be working for credit cards, and you might have to pay for your bus ticket or something in cash. Many poor people in big cities (or even non-poor people) don't even have a car to fuel up, so they would have to buy public transport of some kind, or maybe pay someone for a ride in their car.
Credit Card Free makes a good point. I should do more towards our disaster preparedness kit, including a stash of cash!
Also, I suppose it is possible that someone would have no credit card at all (or all maxed out) and need to 'get outta Dodge'.
-TinyFish
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