Duesenberg wrote:
On 4/16/2012 4:34 PM, HeyBub wrote:
Kurt Ullman wrote:

Which is largely why only my emergency money is in the bank. The
stuff I can not lose.

Bank? BANK?

That means you can access it only about 50 hours out of the 168
hours in a week, or less than 1/3rd of the time. You probably can't
drain more than $500 from your account via an ATM machine.


Credit card. Many people have $5000 to $25 000 available on credit
card then just pay back the money out of the bank to pay it off when
it's convenient later in week or whatnot.

You can't use a credit card at all places but still it allows for
emergency flexibility.

You're right, and a credit card will cover 99.9% of contingencies.

It won't cover "Your money or your life" scenarios (middle of the night
plumbing problem, wrecker charge to remove car stuck in your bedroom leaking
gasoline, etc.).