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Emergency Plan: Better Than an Emergency Fund | BankFiesta.com …

January 25th, 2010 No comments

Some personal finance experts began calling for Emergency Funds holding six to twelve months’ worth of household expenses while others wanted to link the size of the bank account to the unemployment rate. … I am not opposed to recommending the use of credit cards in emergency situations to people who have shown responsibility with their finances. Going into debt is not ideal, so avoid it if possible. The best scenario would be to use a credit card only when you know …

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Emergency Plan: Better Than an Emergency Fund | BankFiesta.com …