Will You Use Use Your Emergency Fund to Pay Credit Card Debt?

Found this interesting blog post from Money Smart Life on handling credit card debt

If you had $10,000 of credit card debt and $10,000 in an emergency fund would you use the emergency fund money to pay down your debt?

Money Smart Life’s discussion on this financial conundrum is especially timely since I’m in the same boat - thinking whether to get rid of credit card debt with the help of my emergency fund or not.

The responses varied from the situation being labeled as sheer stupidity advising that of course you have to pay that credit card debt first with your emergency fund and some delved more into the situation and would personally pay some of the credit card debt without finishing up all the emergency fund.

I also love seeing some socked away moolah in my emergency fund account which is making it hard for me to give it up whenever time comes that I impulsively shop to the detriment of my credit limit. But it’s the price I have to pay when I lose financial discipline. So what I do is I ask my Mom if she has some extra fund to pay first for some of my credit card debt for it to avoid gaining interests. I never break my promise though when I tell her that I’ll pay her during my next payout period. But I definitely won’t drain my emergency fund because it’s one of those things that make me feel secure no matter how superficial that is.

But for those who don’t have people to turn to, what would your move be?