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Question about paying off a credit card versus building an emergency fund
My brother-in-law told me he keeps a $5,000 balance on his card while he saves cash, because 'cash is king in a real emergency.' I've always been taught to pay off debt first, but his point about needing ready money for a sudden car repair or job loss hit different. Which approach do you think is smarter for someone just starting to get their finances in order?
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wadepalmer6mo ago
What's the interest rate on that card?
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angela_wilson786mo ago
Right? Those rates are brutal.
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lucas1595mo ago
Angela, have you noticed how everything's just slowly bleeding us dry these days?
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