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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: E-fund w/ Debt Balance Date:  8/28/2012  1:33 PM
Author:  MetroChick Number:  305826 of 312954

For some people, having a small e-fund while paying off debt gives them some peace of mind, plus can get them used to using cash for emergencies instead of adding to their cc debt. Some might find it de-motivating if they're attempting to pay off cc debt to see their balance go down - but then go back up if they have an emergency and have no e-fund so therefore must use their cc.
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