Mon 12 May 2014
Credit Cards Help In An Emergency Or A Rainy Day
Posted by Robin Bal under Personal FinanceAdd Comment
A large percentage of people will admit to not having any type of savings account. Maybe there’s just not enough at month’s end to give to a “rainy day” fund. Perhaps the money in put into a savings account gets used just as fast as it gets saved. Either way, taking out an emergency credit card can help to avoid depleting your savings account while providing security. Knowing there is a way to deal with a financial emergency can give you peace of mind. While having cash for unforseen expenses is always the best line of defense, it seems that so many times as soon as we manage to put something aside, something else comes up and we need that money.
Having a credit card for the sake of an emergency is a great way to insure you won’t be left on the side of the road with a car breakdown or pulling your own tooth because you can’t afford to see a dentist (let’s hope you wouldn’t do that!). While there has been a credit card debt epidemic over the past several years, if you are responsible and can practice some self-control, you can have peace of mind should you need to come up with some quick cash.
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