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Reply to "What to do with my tax return? Credit Card Debt or Emergency Savings"
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[quote=Anonymous]If you have absolutely nothing in emergency savings, I would take that tax return and spilt it. Put $3000 into savings and put the other $3000 toward your credit card debt. Does $3000 cover your mortgage/rent and car payment for a month if you lose your job? Tweak that number a bit so you can cover at least a month. What is your plan to pay off the rest of the debt? 19% is crazy high.[/quote]
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