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Why Your Credit Card Doesn't Count as an Emergency Fund and Banks Can Cut It
Description
In today's episode, Ralph Estep Jr. and Juliet explain why a credit card limit is not an emergency fund, plus what late tax filers owe and why a bride billed her wedding guests $350.
In This Episode
✓ Third-quarter GDP grows 3.4% as September inflation hits 3.6%
✓ What late filers owe after the October 15 extension deadline
✓ How a leaky toilet runs up your water bill
✓ A bride bills every wedding guest $350
✓ One Good Question: can a $12,000 card limit count as your emergency fund?
✓ An Accountant Reacts: Ralph's RV dream and the life he wants to fund
✓ What It Cost Ralph: the $6,000 repair a week after his first home purchase
If you've ever counted your credit limit as savings, this episode will make you rethink it.
Resources
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IRS failure to file penalty:
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EPA Fix a Leak Week:
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Companies Mentioned
Venmo
Newsweek
The Knot
TikTok
United Airlines
Pace Arrow
Starlink
Google Meet
PiBank
Peak Bank
EverBank
Marcus
Ally
Capital One