Quote:
Originally Posted by tw
The emergency fund is not a bank account. The emergency fund is credit cards.
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Absolutely, positively NOT! Credit is great to have in an emergency, but not as your sole resource. Plus, you need to have some extra cash for periodic and expected expenses that are not emergencies; vet bills, new tires, gifts. Why pay interest on this stuff? I'm sorry, but I don't think that's a wise strategy.
furthermore, you cannot expect to get credit cards if you pay cash for everything. It's a screwed up system, but that's the way it is.
http://www.thesimpledollar.com/2010/...mergency-fund/