No. of Recommendations: 0
Or consider another not-so-hypothetical situation. Someone has been employed for a fair amount of time and has work clothes that have the stains or wear from having done that job. Now that person has to go interviewing for a job. The typical recommendation is to dress a little better than someone employed in the target position, so this person needs "interview clothes" to help the odds of getting a job. Does that person spend some money up front for "interview clothes" (and a typewriter, resume copying and an answering machine) to improve the chances of getting a job, or skip these expenses because one doesn't have the cash handy?

I have an acquaintance who ran up a good-sized CC debt when she was traveling across the country examing graduate schools to decide where she was going to go. She had no other resources and it was a decision that would affect the course of her entire life. It took her a good deal of time to pay it off, but, IMHO, it was a wise thing to do.

FWIW,
B+C
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement