Paying off credit/store cards.. which is best?

immoral_angeluk

Is it better to save up the money to pay off the whole balance of a credit/store card in one go, or keeping paying off bits here and there until the balance is cleared??
Reason I ask is we're looking to pay off my mothercare store card next (23.something apr I think) and will have £149 cleared and available to put towards it by middle of next week. But whats the best way of going about it? Should I just pay the £149 off it or save it until I can clear off the whole balance?
With the debts we've already paid off we've waited until we've saved the whole amount and then paid them off in one go.. so wondering whats better to do?
Thanks guys!

sophiesmum_2

I would pay it of as soon as you have some spare money don't wait until you have the whole amount. It will save you interest in the long run as this is usually calculated daily.

Well done on clearing another debt too by the way.You are doing really well.:j

sophiesmum:D

~evanesco~

I'd pay it to, that way you'll accrue less interest next month.

Evans. xox

bananakinz

I'd pay it as soon as you have the money!!! well done

beanielou

You are on a roll kid!
Pay off the £149 now