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Pay off credit card or keep savings conundrum!
Comments
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Depends on how you look at it.
For a long time I had more savings then debt, but couldn't face seeing the savings go down or altogether.
Instead I threw more at the debt, while maintaining savings. So I was still paying some interest, not the moneysaving way, but it worked for me and I'm now truly debt free, with savings.0 -
Thanks to everyone for their advice. Looks like paying it off is the way forward.0
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I would offer i piece of advice.
I had a similar situation and i paid off the card with savings, and then they reduced my credit limit stating that i did not seem to use or require that higher limit anymore.....
So maybe you could think on this and keep some held back and pay off some of the balance
Rooney :dance::dance:0 -
pay off debt and start savingg0
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