CC for emergencies or not.....
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CC for emergencies or not.....
| Thu, 10-28-2004 - 1:15pm |
I'm feeling really good today, because I finally convinced DH to cancel his pathetic little $300.00 limit cc when it's paid off.. (should be within the next month) He kept saying he wanted it for emergencies, but I figure thats what our emergency fund is for. If he has $300.00 in savings why would he need a $300.00 cc that charges a $60.00 annual fee
? On top of that we aren't very financially responsible people and I know that cc would not just be used for emergencies so it's just better not to have it.
? On top of that we aren't very financially responsible people and I know that cc would not just be used for emergencies so it's just better not to have it.
So I'm curious how many people want their credit cards for finacial emergencies, how many use it just for emergencies (or know they could if it was paid off), how many are like me and it's better to just not have it?
-Darcy

I have an Amex card that has to be paid every month, and I have never had an emergency that couldn't be handled by Amex - car repair, dentist, doctors, etc.
Kelly
Kassandra
Kassandra
"It is said that life has its peaks and valleys. The challenge is to accept them equally and experience them
Jenny
co-cl Never Say Diet
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Jenny
This is going to sound weird but I think I'm somewhere in the middle.
I've been known to use my CC's for non-emergencies (quite a bit) - BUT I wouldn't want to be completely without one either as there are things it's good for.
Becky
CL of 4th, 5th & 6th grade Scoliosis
Hi Darcy,
We do not keep a credit card for emergencies.
I am trying to decide how to go about building an emergency fund while also staying current on my cc (and other) obligations.