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I have a question for all fellow Fools out there...after you have a comfortable amount of money set away for an emergency fund, do you:

a) keep adding to it every month
b) use the money each month that you would put the EF towards debt reduction?

My Foolish intuition tells me I should do (b)...any ideas ?


I think you've got your answer.

Some Fools will even suggest that you not even keep an emergency fund if you're carrying consumer debt (arguing that you can fall back on the credit cards in an emergency.)

If you're comfy with the emergency fund you have, why continue to add to it if you are losing money through debts?

John
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