Risky Debt Payoff Strategies To Avoid
Using Emergency Funds
Emergency funds should be used to meet unexpected situations. These funds should be kept far from your reach. Using your emergency fund to pay for your debt is not a wise decision. By using your emergency funds to clear the debt load, you will face some financial instability when an emergency situation.Avoid plunging into these cash reserves pay off debt. Try to improve your income and look for ways to increase your income in order to lead a debt free life.
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