Advice on EF

[Bob B.]

Just for the record, I've decided to take the advice of the majority, and establish a $1,000 EF. I will not rely on the CC as an EF. Thanks to all who replied, and this thread can be considered closed.

[PetMom]

You basically want enough of an EF to avoid having to use a credit card in an emergency.

Add up that amount as a start. Some have it at only $1,000.00 (Dave Ramsey suggests this).

Then you get to add to that as you avoid a CC and build up your EF even more. Avoiding the high interest costs, use fees, membership fees, lack of usage fees and late fees - you have more money to go into the EF. You get out of the Credit Card trap.

[Eric80]

save, save, save!! I don't want to state the obvious but the more you save the easier it will make your life