No. of Recommendations: 1
MFDinSC, there is clearly something you are not understanding.

Oh I do understand, why should I have a smug feeling I have something in savings, when I have a lot more in higher interest debt (other than a mortgage) that in simple math terms is costing me hard cash that could be used, eventually to build savings when the debt is gone..

shopping spree from the Gap,....

We are not talking about that mentality, we are talking about someone who has realized that they want to get out of debt but have been strangled by this savings thing. If the mentality is still to spend, spend, ... then an E-Fund is even a bigger game.

people are better off learning to avoid using cards

Until they pay off the debt the cards are using them. Once they are paid off, save as much as you can, but paying CC interest while you get less in savings is nonsense.

Having savings does not say you are managing your finances responsibly, if you have CC debt.

The emergency fund is part of the growing and learning process for many people. I'm sorry you can't understand that.

And I am sorry you can't understand that 6% outflow vs. 2% inflow is not part of the learning process. Managing your money.

Once the debt is paid, dump as much as possible into savings. 2% inflow is much better than 0% outflow!!

Sorry you can't understand the basics of management of your money. Then we could get into more detailed concepts of management, but with CC debt, there is nothing more basic than getting rid of it!
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