Skip to main content
index page

With the extra amount, is it better to repay debt or keep it as savings?

Submitted by Emyda on Wed, 09/13/2017 - 23:12

I have debt in 1 credit card. I have to repay about $3200. I have managed to save $1200. And, I have got $800 as bonus from my workplace. I am wondering will I use this amount to repay the debt or keep it as savings. What will be a better option? Can you help make the decision?dada

Paying off the credit card balance will help you avoid interest payment in the next month. So, try to clear the debt and save the remaining amount. From the next month, plan a budget and try to save a substantial amount.

Submitted by Mabelle Page on Thu, 09/14/2017 - 06:43

Mabelle Page

( Posts: 295 | Credits: )