How Credit Cards Can Be a Backup Safety Net
00:00:00.000 | Here are a few strategies to potentially pair
00:00:02.620 | with keeping less cash for your safety net
00:00:06.120 | or your short-term goals.
00:00:07.000 | So one is 0% APR credit cards.
00:00:09.440 | Some credit cards offer 12 to 18 months
00:00:11.560 | of no interest on purchases,
00:00:13.100 | sometimes on balance transfers.
00:00:14.920 | Usually you're gonna make a minimum payment,
00:00:16.720 | but you're not gonna have to make the full payment.
00:00:18.340 | And so this could be a great backup emergency buffer
00:00:21.100 | for circumstances where you all of a sudden need some cash
00:00:25.440 | and you don't wanna have to sell your investment accounts.
00:00:28.900 | You could take advantage of 0% APR credit cards.
00:00:31.440 | Now, there's no guarantee that they will be around
00:00:33.540 | when you need them.
00:00:34.480 | There's no guarantee you will get approved for them.
00:00:36.420 | And so obviously these strategies are advanced
00:00:39.000 | because they come with some risk,
00:00:40.220 | but it is something that I know people have been able
00:00:42.620 | to take advantage of in those circumstances
00:00:44.560 | where they wanted to avoid selling
00:00:46.640 | from their taxable brokerage account.