Instead of having cash savings in an emergency fund, I have an emergency plan in case I ever need money quickly
Having an emergency fund is a common piece of financial advice, but I choose not to follow it. . I have a lot of credit cards and excellent credit, so I know I could put any unexpected costs on a card, or open a new card and qualify for a 0% balance transfer. Also, I'm a freelancer with multiple clients, so it's highly unlikely my income would ever dry up completely. If I relied on a single job for my income, I might consider an emergency fund.
Having an emergency fund is a common piece of financial advice, but I choose not to follow it. . I have a lot of credit cards and excellent credit, so I know I could put any unexpected costs on a card, or open a new card and qualify for a 0% balance transfer. Also, I'm a freelancer with multiple clients, so it's highly unlikely my income would ever dry up completely. If I relied on a single job for my income, I might consider an emergency fund.
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