Monday, February 6, 2017

Emergency Funds: Should You Use Yours to Pay Down Debt?

Financial advisors often recommend clients build an emergency fund and use it only in true emergencies. But what about when you spend hundreds of dollars each month to pay down high-interest debt — is that an emergency? And should you dip into that fund in order to decrease your debt burden? We asked financial advisor Adam Harding...


from NerdWallet
https://www.nerdwallet.com/blog/banking/emergency-funds-should-you-use-them-to-pay-down-debt/

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