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Subject:  necessary savings vs. credit card debt Date:  6/20/2001  9:06 AM
Author:  edpalm Number:  7913 of 15440

If I have a couple K in money market savings and even more in credit card debt, does it make sense to take from the money market, at the expense of a safety cushion, to pay down credit card debt? I know I may sound foolish, but I almost think that the available credit limit that will result will function in case of an emergency. My thought is that, if an emergency were to come in 4 months, I at least would have had 4 months of less debt interest before possibly needing to put debt back on the card. Am I a fool or wise? (be nice.)
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