I Want To Believe
- May 13, 2002
- Reaction score
- The Dark Side
I still don't see the need for an "emergency fund" why can't you just have a low interest credit card set aside for emergencies and use the money you would have set aside to pay off debt instead of having it sitting and waiting for a bill that may never come?
1. It teaches you to save money. Proves to yourself that you're capable of being responsible with money and budgeting.
2. You're trying to break your dependence on debt so a credit card is out of the question if you're following the plan.