jigg

um... she advised people who do not have a minimum of 8 months emergency fund that covers their expenses to save up first then go back to paying the credit cards off. She started saying that when the financial crisis hit because it takes longer for people to get a new job, or if people do get jobs they're temporary, contracted, pay less, have no benefits etc.

She admitted that she changed her advice on paying down credit cards, it was on her TV show on CNBC not too long ago, and she explained why. She also used to tell people to have a 4-6 months emergency fund, she changed her suggestion to 8 months or more after it became the new normal to be jobless for half a year or more

Credit cards are an unsecured debt, wasting money on paying them off while not having an emergency fund to back you up if something happnes is plain stupid.