http://www.davidmakescents.com/emergency-fund-vs-paying-off-credit-cards/ How this college student is making his way to riches! Wed, 04 Jan 2012 12:55:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.davidmakescents.com/emergency-fund-vs-paying-off-credit-cards/#comment-94 Shannan Wed, 21 May 2008 15:34:37 +0000 http://www.davidmakescents.com/emergency-fund-vs-paying-off-credit-cards/#comment-94 I've followed the pay debt first, then save money philosophy, and it hasn't worked for me. There's always something that comes up that I can't afford that goes on the card, and I end up not being able to pay it off for awhile, so it sits and accrues interest. My high priority right now is to get rid of my credit card debt, but part of that strategy is to pay cash for everything, and to not put ANYTHING on a credit card. That's hard to do without an emergency fund. I’ve followed the pay debt first, then save money philosophy, and it hasn’t worked for me. There’s always something that comes up that I can’t afford that goes on the card, and I end up not being able to pay it off for awhile, so it sits and accrues interest. My high priority right now is to get rid of my credit card debt, but part of that strategy is to pay cash for everything, and to not put ANYTHING on a credit card. That’s hard to do without an emergency fund.

]]> http://www.davidmakescents.com/emergency-fund-vs-paying-off-credit-cards/#comment-93 Get Rich Or Die Trying » Blog Archive » Posts Of Interest Wed, 21 May 2008 11:51:02 +0000 http://www.davidmakescents.com/emergency-fund-vs-paying-off-credit-cards/#comment-93 [...] Emergency Fund vs Paying Off Credit Cards @ David Makes Cents - Always a tough call… and I battle with this too (not with CC, but with other debt). [...] [...] Emergency Fund vs Paying Off Credit Cards @ David Makes Cents – Always a tough call… and I battle with this too (not with CC, but with other debt). [...]

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