Credit cards are not a fully effective replacement for an emergency fund because they often carry high interest rates of 20% to 30% or more, and some essential expenses, such as rent or mortgage payments, cannot be paid using credit.

Authors

• Person: Not available Organization: Baird
  Building an Emergency Fund: Your Financial Safety Net

Sources

• Building an Emergency Fund: Your Financial Safety Net www.bairdwealth.com Baird via serper

Referenced by nodes (1)

• emergency fund concept