I want to put my ef on my debt!
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Wed, 12-03-2008 - 12:21pm |
I have saved a meager $185 for my emergency fund. And I really want to put it on my loan. I know I shouldn't........but I just keep thinking about the interest I would save if I put every penny on my loan. Please remind me why i should keep building my ef. I have an itchy trigger finger!
I have only $800 in my EF.
Why save it there instead of including it on my debt total? What if ANYTHING comes up that you NEED to buy that you can't afford? Tires? Car repair? Anything. You might need that $185. Keep building your efund while working on paying off c/c debt. Don't do it!!
Don't do it!
We were all totally flabbergasted when my DH was laid off after almost ten years.
Yes, it helps. Thanks ladies!
I will be
I read that article in the posting above....I was wondering when it was written and does it make sense for the times we are