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Should I use all my money in savings to pay off my credit card debt?

Credit Repair Q&ACategory: creditShould I use all my money in savings to pay off my credit card debt?
Garrett P. asked 3 weeks ago
1 Answers
admin Staff answered 3 weeks ago

We would need more details about your personal situation, but you should make payments at least planned ones to pay your debt, but you shouldn’t be without a safety net in case of an emergency. The best thing would be to plan your payments within your income, or if your savings don’t pose a big risk for you maybe not all of your savings but a healthy amount that can help with your debt without hurting you, and along the way try to save money specifically for paying your debt, that means sacrificing certain things you enjoy to buy or do in order to achieve your goal.