Thanks for sharing your thoughts Emenike! Interesting to hear you’d rather have just $1k in cash with no debt. I think it’s easy to say that but if you ended up in a situation where you are unemployed and have just $1k of cash you may end up taking out higher-interest loans (or credit card debt) to get by.

This is my first time on your blog.

You’ve got an interesting article.

Honestly speaking, I’d rather have $1k cash than have $20k cash and be $19k in debt.

If there’s anything I learned during this COVID-19 is to stay away from loans as much as I can because an emergency like this can throw one off-balance and confused.

As though I knew, I took my savings skills seriously in January 2020 and saved up over 6 months of living expenses. Though I never had to touch it again I have learned to keep building it up.

One with cash in the hand has more options and opportunities than one that is cashless and clueless.

I love these money moves you wrote about here.

Keep it up.

Emenike