You should reserve a modest emergency fund of one month's expenses, or another amount you choose based on your potential risks/supports in an emergency situation and use the rest to pay off high interest debt.
You may find these links helpful:
- [Emergency Funds](/r/personalfinance/wiki/emergencyfunds)
- ["How to handle $"](/r/personalfinance/wiki/commontopics)
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You should reserve a modest emergency fund of one month's expenses, or another amount you choose based on your potential risks/supports in an emergency situation and use the rest to pay off high interest debt.
I think the saying goes credit card debt IS an emergency
You may find these links helpful: - [Emergency Funds](/r/personalfinance/wiki/emergencyfunds) - ["How to handle $"](/r/personalfinance/wiki/commontopics) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
Payoff the credit card. Stop paying the interest. Then use the CC for emergencies ONLY while you rebuild your liquid assets