Should I use my savings to pay off my $10,000 credit card?

Question

I hate paying the interest every month but i'm afraid of losing my safety net. Any advice?

Anonymous · Answer

I think this depends on your current savings. I use the  6-month emergency fund rule by having six months worth of savings on hand in case something unplanned abruptly arises in my life. If you're already there, I'd definitely make moves to pay off your credit card faster.

Should I use my savings to pay off my $10,000 credit card?

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