Paying off debt vs. stashing cash for emergencies

 

Source: Michelle Singletary - The Washington Post

Q: What is the value of having $500 in the bank if you have several thousand dollars in credit card debt? Wouldn’t that $500 be better used to pay down the credit cards? In an emergency, the credit card can be used to pay the bill.

Read Full Article: Paying off debt vs. stashing cash for emergencies

Tags/Keywords

 

Quick Menu

Facebook FTwitter T