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My $3,200 pipe burst in the garage on a Sunday and I'm torn on using savings or a card
Woke up on a Sunday morning three weeks ago to water creeping under the garage door, and the supply line to the washer had split overnight. The plumber quoted $3,200 to replace the line and dry out the drywall, and my emergency fund is sitting at $4,100. I drained $2,900 of it right away so I wouldn't pay interest, but now the fund feels thin and I keep eyeing a 0% card to refill it. My wife says the point of an emergency fund is exactly this, and we should just rebuild it slowly. So which side are you on: drain the fund and sleep fine, or keep the cushion and take the card while it's interest free?
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hugo378d ago
A pipe splitting in the garage at 3am is my actual nightmare, that water damage alone would have me losing it. Your wife is right though, that's literally what the money is sitting there for.
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