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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Jason Hull was the co-founder of Broadtree Partners, a firm that acquires $1-5MM EBITDA companies. He also was the co-founder of open source search consultancy OpenSource Connections, a premier Solr and ElasticSearch firm. He and his wife FIREd (financial independence retire early) at 46 and 45, respectively. He has a BS from the United States Military Academy at West Point and a MBA from the University of Virginia Darden Graduate School of Business. He held a CFP certification from 2015 - 2021. You can read more about him in the About Page. If you live in Johnson County, Texas or the surrounding areas, he and his wife are cash buyers of Johnson County, Texas houses.

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