I did not see this word, "Misfinancing" in the forums as it relates to personal finance. It is a concept from business finance, however, I feel it also could apply to personal finance.
https://support.finagraph.com/hc/en-us/ ... financing-
In theory, this would seem to suggest, that if you were doing a cash-out refinance of your home, you may want to re-evaluate paying off your credit card debt problem with the proceeds. However, guessing if the spending or short term cash-flow problems was resolved, causing the credit card problem in the first place, it would still be advisable, nonetheless, it make you think about how the concept would apply.
Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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