We have $500 on a credit card & are comfortably making double the minimum payment. We have $2000 in savings. Is it better to pay off the credit card & have less in savings, or to keep the money in savings & make payments?
DH and I have no clue which is better from a financial safety point of view...any advice?
Asked by Anonymous at 11:11 PM on Oct. 15, 2009 in Money & Work
Answer by DomoniqueWS at 11:20 PM on Oct. 15, 2009
Answer by Anonymous at 11:15 PM on Oct. 15, 2009
Answer by gdiamante at 11:52 PM on Oct. 15, 2009
Answer by Anonymous at 11:55 PM on Oct. 15, 2009
Answer by SabrinaMBowen at 12:33 AM on Oct. 16, 2009
Answer by rkoloms at 6:44 AM on Oct. 16, 2009
If the interest rate... come on ladies my interest bearing checking is down to .11%. Anybody have a CC charging less than 1%. PAY IT OFF. Unless either of you might be losing a job soon. PAY IT OFF.
Answer by Anonymous at 11:42 AM on Oct. 16, 2009
Answer by slw123 at 4:36 PM on Oct. 16, 2009
Answer by Anonymous at 6:41 AM on Oct. 17, 2009
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