http://almostfrugal.com/2008/01/22/emergency-fund-or-not/ Learning about frugality Fri, 30 Jul 2010 17:23:12 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://almostfrugal.com/2008/01/22/emergency-fund-or-not/comment-page-1/#comment-17 Jacob Sat, 26 Jan 2008 21:03:00 +0000 http://almostfrugal.com/2008/01/22/emergency-fund-or-not/#comment-17 As long as you are disciplined with your cost cutting and have access to a credit line, it does not make much sense to have an emergency fund that earns 4% interest while losing 15% interest on the debt. If the numbers are different it might make more sense but do the math. Emergency funds are only useful in special cases. For most people it is probably more a question of psychology. As long as you are disciplined with your cost cutting and have access to a credit line, it does not make much sense to have an emergency fund that earns 4% interest while losing 15% interest on the debt. If the numbers are different it might make more sense but do the math. Emergency funds are only useful in special cases. For most people it is probably more a question of psychology.

]]> http://almostfrugal.com/2008/01/22/emergency-fund-or-not/comment-page-1/#comment-14 Sophie Thu, 24 Jan 2008 12:27:00 +0000 http://almostfrugal.com/2008/01/22/emergency-fund-or-not/#comment-14 I'm in!<br/>I started it in late December and it has €85 in it right now. Not much, but better than nothing, huh!<br/>We need to share our progress! I’m in!
I started it in late December and it has €85 in it right now. Not much, but better than nothing, huh!
We need to share our progress!

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