Comments on: Emergency Credit Cards

By: Using Credit as an Emergency Fund

Using Credit as an Emergency Fund — Wed, 13 Jul 2011 22:49:45 +0000

[...] But what about using your credit card as an emergency fund? [...]

By: youngandthrifty

youngandthrifty — Tue, 05 Jan 2010 03:22:27 +0000

Hey Jeff, thanks for putting me on a blog roll! (my first one! haha I am blog roll devirginized now).

I’m in the process of putting a blog roll up too! (it will be soon… just need to get off my a__ to do it!)

PS that is pretty good that you know what jimmy choo’s are! (most guys don’t- my guy doesn’t know likely) your wife must be proud! =P
.-= youngandthrifty´s last blog ..2010 Financial Resolutions from PF bloggers =-.

By: Jeffrey Kosola

Jeffrey Kosola — Mon, 04 Jan 2010 15:30:30 +0000

@Indian Thoughts

Thanks for weighing on this one. It’s a very personal choice, and it’s great to see the varied stances people have.

By: Jeffrey Kosola

Jeffrey Kosola — Mon, 04 Jan 2010 15:21:11 +0000

Too bad I’m a guy, but I do know what Jimmy Choos are.

Check out my Blog/Twitter Role, I just added you

By: Indian Thoughts

Indian Thoughts — Mon, 04 Jan 2010 07:09:46 +0000

I am more of a Emergency Fund person. I am not sure I'll ever opt for emergency credit cards. But I still think its more of personal choice and comfort level. .-= Indian Thoughts´s last blog ..How I Spend first day of 2010 =-.

By: youngandthrifty

youngandthrifty — Sun, 03 Jan 2010 09:01:37 +0000

Hahah 10 cosmos. Yes, or the manolo bhaniks and jimmy choo shoes would warrant breaking into the emergency credit card. They would put a big dent in the card.
No, I didn’t go to Oahu for a $50 a night room, that would defeat the purpose of trying to save money. =)
.-= youngandthrifty´s last blog ..2010 New Year Financial Resolutions =-.

By: Jeffrey Kosola

Jeffrey Kosola — Thu, 31 Dec 2009 17:41:51 +0000

Ha Ha Sex and the City girls would think 10 cosmos are worth dipping into an Emergency Fund.

I hope you didn’t go all the way to Oahu for a $50 a night room

Thanks for the EF vote, keep up the great work… Jeff

By: youngandthrifty

youngandthrifty — Thu, 31 Dec 2009 06:42:36 +0000

I would say emergency fund! I love my credit card though, I get perks with it (got to stay in the Princess Sheraton in Oahu for $50 a night) but I make sure to pay it off.

haha, I agree, clothes are definitely not an “emergency”, though I think if you proposed that to the people from Sex and the City that would be debatable to them.
.-= youngandthrifty´s last blog ..The Boxing Day Hangover =-.

By: Jeffrey Kosola

Jeffrey Kosola — Wed, 30 Dec 2009 19:06:55 +0000

Thanks Craig,

My Grandma never used a credit card and she was able to pay cash for any emergencies she encountered.

I understand the your point on credit card. It’s much easier to charge it and then transfer the money. But for many people that just leads to having a balance on a credit card again because they don’t want to touch the EF fund.

There are so many ways to handle these issues, it is a completely personal choice on how someone does. I guess that’s what make Personal Finance “Personal”

Thanks for the comment Craig (@budgetpulse), see ya around TwitterWorld
Jeff

By: Craig

Craig — Wed, 30 Dec 2009 17:57:09 +0000

Having an emergency fund is great but still may need to pay with the credit card and then just transfer the money over from your EF account. Sometimes emergencies are too much where it would be difficult to have that much cash.