Comments on: Save or Pay Debt? http://www.debtspiration.com/blogroll/save-or-pay-debt/ Where money, inspiration, and motivation come together. Wed, 21 Apr 2010 21:09:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Yolanda http://www.debtspiration.com/blogroll/save-or-pay-debt/comment-page-1/#comment-18191 Yolanda Tue, 30 Oct 2007 19:04:32 +0000 http://www.debtspiration.com/2006/04/save-or-pay-debt/#comment-18191 True, but by not having an emergency fund - of cash - a person will use the 18% credit card because after all, it is an emergency. I am not an expert, but I can say from experience - I am much more at peace by having 6 months of living expenses - CASH as my emergency fund. And yes, we have paid off ALL our consumer debt - we are investing HEAVILY in retirement and college savings. Next stop, a PAID for house! Thanks. True, but by not having an emergency fund – of cash – a person will use the 18% credit card because after all, it is an emergency.

I am not an expert, but I can say from experience – I am much more at peace by having 6 months of living expenses – CASH as my emergency fund. And yes, we have paid off ALL our consumer debt – we are investing HEAVILY in retirement and college savings. Next stop, a PAID for house!

Thanks.

]]>