http://blogs.moneycentral.msn.com/smartspending/archive/2008/01/28/a-credit-card-is-not-an-emergency-fund.aspxThis post comes from J.D. Roth at partner blog Get Rich Slowly . Sometimes I wonder: Have I always had personal-finance conversations all the time? I don't often initiate them, but money seems to be a constant topic, even when people are unaware thatenCommunityServer 2007.1 (Build: 20917.1142)http://blogs.moneycentral.msn.com/smartspending/archive/2008/01/28/a-credit-card-is-not-an-emergency-fund.aspx#316357Sat, 31 Jan 2009 20:28:55 GMTe8f7cd84-7062-45ca-8a00-3f24dfc10bb9:316357Chris Z<p>Pretty much. I remember about 10 years ago when I had a MBNA card with a $25,000 credit limit sent to me. I checked the advice boards and all of them said that an un-used credit card could be counted as part of one&#39;s &quot;emergency funds&quot;. </p> <p>I thought that was the stupidest advice I&#39;d ever heard. If you lose your job what happens if the card limit is lowered? How could you pay it back later? What if the interest rate zooms up?</p> <p>But these were the advice people from the good old days. Even last year I would hear this &quot;you can use a credit card for an emergency fund. Put your money in the market&quot;</p> <p>Gee I&#39;m glad I didn&#39;t do that. Silly luddite me....</p> <img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=316357" width="1" height="1">