Should You Tap Your Emergency Fund to Pay Off a Credit Card Balance?

Should You Tap Your Emergency Fund to Pay Off a Credit Card Balance?

Maybe you racked up a credit card balance because you got hit with a string of unplanned bills that couldn't be put off, and your paycheck just couldn't handle them. No matter why you're stuck with a balance on your credit cards, you may be eager to pay that debt off. If you have money sitting in an emergency fund, you may be tempted to take a withdrawal to cover your existing debt, or at least whittle it down.