Do I need to create an emergency fund? I have a credit card with enough credit limit to support six months of expenses? The straight answer is No. Spending on credit card is equal to borrowing. You would need money to make the emergency payments right? Even if spent on a credit card. Credit card debt is one of the most expensive forms of debt. Never borrow on a credit card.
Frequently Asked Questions On Emergency Funds
Frequently Asked Questions On Emergency Funds
Frequently Asked Questions On Emergency Funds
Do I need to create an emergency fund? I have a credit card with enough credit limit to support six months of expenses? The straight answer is No. Spending on credit card is equal to borrowing. You would need money to make the emergency payments right? Even if spent on a credit card. Credit card debt is one of the most expensive forms of debt. Never borrow on a credit card.