Originally Posted by lycan
There is no need for a rainy day fund when you have credit available. Do you?
I don't know if you're serious, but I'd like to advise otherwise.
When people talk about saving months worth of living expenses, it's with the idea that they might lose their job someday. That way, they won't end up in financial ruin if that day were to come.
If your income got pinched and your back-up plan is a 19% APR credit card, that's not a good position to be in. People go into bankruptcy like that.