Lot of Debt; Still Want to Move

[skaternum]

Originally Posted by doghead

Hey, did you read my post? What are you talking about?

Yeah, I read your post. It says you need to save up another emergency fund. But just a few short posts ago, you said ...

Now I do have a $1000 emergency fund. What do you think of building up a savings account and saving up enough money to do a move without going into more debt? That money would not be used to pay debt however; it would be a separate account. Or is everyone saying to pay off the debt entirely and then move?

So I'm asking, after you rebuild your emergency fund, are you going to then proceed with your goal of saving up to move?

[doghead]

Right--hopefully not. I do see the point of the emergency fund, for emergencies! That way, you don't keep using the cards. I won't plan to move, but I do not have a lease and have an erratic landlord. thanks.

[Debtprophet]

Emergency funds are a life-saver in times of need. If you don't maintain such funds you're bound to get deeper and deeper within your debt burden. With a little bit of planning, you may save your face.