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Get on sound financial footing
Readers ask a variety of questions about debt and savings, and Dave has strong opinions about what they should do.
Out of the red and into the black
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Shopping for a credit card

What is the best credit card out there for a single person who just needs one for emergencies but probably wouldn't be able to pay the whole monthly balance off each month?
Betsy

Betsy,
There is no good credit card and certainly not for someone who won't be able to pay it off. If you play with snakes you will be bitten, and having credit cards is playing with snakes. First do a written budget. Most people who start following a budget each month tell me they feel like they got a raise. Use cash to cover your emergencies instead. If you're struggling to fund your emergency fund, have a yard sale, temporarily get a second job -- do whatever it takes to save this money so it's there for you when you need it.

-- Posted: March 24, 2008
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