I split extra money for a while: most to the card, a little to savings. It was slower, but mentally easier because I did not feel exposed.
Should I pay off credit card debt first or keep cash in savings?
#credit card debt#debt payoff#emergency fund#money#savings
I have credit card debt, but I also feel nervous having no savings. I’m not sure if every extra dollar should go to the card or if I should keep a small cushion.
AI Summary
People compare paying down credit cards with keeping a small emergency fund.
Answers & Discussion
After a basic cushion, I would attack the credit card. The interest is usually brutal, and minimum payments barely move the balance.
I would keep a small cushion first, even if the credit card interest is painful. Without any savings, every surprise expense goes right back on the card.
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