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Many treat credit cards as their liquid emergency fund. Unexpected expense? Dig yourself deeper and push your credit closer to its limit. Personally I think t
by ihsw 10y ago
Many treat credit cards as their liquid emergency fund.
Unexpected expense? Dig yourself deeper and push your credit closer to its limit.
Personally I think that is the intention of credit cards -- emergency liquidity -- and that nobody should carry credit card debt to the next month.
- ryangittins 10y agoThis is absolutely a valid use for credit cards if you're careful and disciplined, but it can only stretch you for a maximum of one month before you've got to start making payments. What about when you're out of a job for six months? You've gotta have an emergency fund.