Re: Hypothetically: Debt or Emergency Fund?
"The inerest earned is taxable, but don't forget that the student loan interest paid is tax deductible (in most cases). So this is pretty much a wash."
Well, not at certain earning levels it isn't.
I didn't mean to turn this into a thread on the rights and wrongs of Katrina. If it makes anyone feel better, take my example as purely hypothetical. Sure, some people took advantage, and some people who could have evacuated did not. But, just going by likelyhoods, I'll bet there was at LEAST one person who did not evacuate partly due to not having ready money.
A baby emergency fund could prevent you from being that (possibly hypothetical) one person.
-TinyFish
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