Should You Use Credit Cards If You Lose Your Job?

If you suddenly lose your job and don’t have enough backup savings to carry you through until you find another job, that can be a scary thing. But, should you go into credit card debt without a means of paying back?

Many people are in that very situation where they are living off of credit cards for common living expenses like groceries, gas and utility bills. It’s important to build a cash revenue ahead of time so that you’re never in this situation.

Do what you must do to survive, but if at all possible, see if you can find other means of getting by, so you aren’t digging yourself deep in debt.