(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness Network. I'm Jessica.

(John) And I'm John.

(Jessica) And today we're talking about whether or not it's a good idea to have a credit card available as an emergency fund.

(John) Yeah, and the short answer is no. But there's a few reasons why.

(Jessica) Such as?

(John) Such as high interest that adds up quickly over time. Potential damage to your credit if you can't immediately pay it off. Limiting or maxing out your available credit limit. And, on top of all that, the monthly payments can really eat into money that could have been put to better use in savings.

(Jessica) Wow. That's definitely more cons than pros.

(John) For sure. The sooner you can start building and growing your emergency fund, the less likely you'll have to go into debt when an emergency pops up.

(Jessica) Good points, John. We'll see you next time on Money Matters. And remember, Financial Wellness starts here!

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