Comments on: Freedom!! Freedom!! http://www.mightybargainhunter.com/2006/01/07/freedom-freedom/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Personal Finance Advice http://www.mightybargainhunter.com/2006/01/07/freedom-freedom/comment-page-1/#comment-526 Personal Finance Advice Mon, 09 Jan 2006 05:41:06 +0000 http://mightybargainhunter.com/?p=273#comment-526 <strong>Carnival of Debt Reduction #17</strong> Welcome to the 17th installment of the Carnival of Debt Reduction. For more information about this carnival, you can go to Mighty Bargain Hunter to see the complete schedule with Frugal For Life (who always does an excellent job!) hosting the carnival... Carnival of Debt Reduction #17

Welcome to the 17th installment of the Carnival of Debt Reduction. For more information about this carnival, you can go to Mighty Bargain Hunter to see the complete schedule with Frugal For Life (who always does an excellent job!) hosting the carnival…

]]> By: mbhunter http://www.mightybargainhunter.com/2006/01/07/freedom-freedom/comment-page-1/#comment-525 mbhunter Mon, 09 Jan 2006 01:23:56 +0000 http://mightybargainhunter.com/?p=273#comment-525 Cool -- at least you have a backup plan so that you're not without access to funds if you need them. As long as you're not taking on more debt than you can handle should you need to tap into the HELOC, this might work. Cool — at least you have a backup plan so that you’re not without access to funds if you need them. As long as you’re not taking on more debt than you can handle should you need to tap into the HELOC, this might work.

]]> By: Hazzard http://www.mightybargainhunter.com/2006/01/07/freedom-freedom/comment-page-1/#comment-522 Hazzard Sun, 08 Jan 2006 02:07:27 +0000 http://mightybargainhunter.com/?p=273#comment-522 I would definitely consider using my savings to pay off debt. I'd much rather get out from under the debt and run a risk of having to dip back in to debt (if I used my emergency funds to pay off any debt I had) Luckily we don't have any debt, other than mortgage so I haven't had to worry about this. If we ever do find ourselves in debt, I plan to use short term borrowing from our preestablished HELOC. It's sitting there as a backup to our emergency funds. (It's the one thing that I've actually picked up from Suze Orman) Hazzard I would definitely consider using my savings to pay off debt. I’d much rather get out from under the debt and run a risk of having to dip back in to debt (if I used my emergency funds to pay off any debt I had)

Luckily we don’t have any debt, other than mortgage so I haven’t had to worry about this.

If we ever do find ourselves in debt, I plan to use short term borrowing from our preestablished HELOC. It’s sitting there as a backup to our emergency funds. (It’s the one thing that I’ve actually picked up from Suze Orman)
Hazzard

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