Pay off credit card debt or put in savings?
Wednesday, January 20th, 2010 at
2:24 pm
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Tagged with: credit card debt • credit cards • Credit Debt • Employe • Money Savings • Savings Account • Tuition Reimbursement • Will Take Some Time
Filed under: Free Money Saving Tips Debt Relief
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You should have paid off all that credit card debt before you paid out to fix your boyfriends car and adopted the dog.
The interest rate on those credit cards is a lot privileged than the interest you are getting on the savings. Pay off the credit cards. Pay the highest interest rate card first. That way you save more interest. But I reckon I would pay off the $250 balance just to get that one out of the way. Get the credit cards paid off then only charge what you can afford to pay in full each month.