Reader Questions: Should I Use Savings or Credit Cards If I Do Not Have a Job?

Betsy recently asked me the following question. Kudos to her for keeping it at the Twitter approved 140 character length!

I recently left my job; until I draw a salary again, would you recommend I cut into my savings or use my credit card? cautiously either way!

The simple answer is that there is no such thing as good credit card debt. However, there’s more which goes into that answer.

So, without further ado, here’s the video with my answer!

Should I Use Savings or Credit Cards if I Do Not Have a Job?

Here are some other articles and videos which also pertain to this question:

What questions would you like for me to answer? Tell me about it either by contacting me or leaving the questions in the comments below!

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About Jason Hull, CFP®

Jason Hull, CFP®, is the Chief Technology officer of myFinancialAnswers, an online comprehensive financial planning service.