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re: pay the 3% transfer fee or drain my savings?

Posted on 6/2/14 at 4:51 pm to
Posted by lsu13lsu
Member since Jan 2008
11489 posts
Posted on 6/2/14 at 4:51 pm to
quote:

Also, I would not wipe out my emergency fund to pay off what could be an interest free loan.


If you have a credit card with a $10K limit which you just paid off then that is your emergency fund until you build your savings back up.

Pay off the credit card. Use it if an emergency happens. Build your savings back up.
Posted by oldschoolgreats
Member since Nov 2012
1902 posts
Posted on 6/3/14 at 1:48 pm to
no way I would drain my savings for almost anything and certainly not a deal like this. why are you even asking this question for a couple hundred bucks over a year.
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