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Reply to "Home Equity Loan or Mutual Funds to Pay Off Debt"
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[quote=Anonymous]You should have at least 3-6 months of expenses in liquid savings (not a mutual fund) before you pay off debt. How close does the 5K get you to that? I would put the 5K in liquid savings first. After that it would depend on the interest rate you are paying on the CC debt. I wouldn't necessarily liquidate a high-performing mutual fund to pay off low-interest debt, but I'd do the reverse. [/quote]
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