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To: madison10

“take money from savings in to pay the card off in hopes of replenishing savings, or should we just keep plugging away at the credit card? “

Only if you have a good emergency fund left (3-6 months) after paying off the card. My 2 cents


51 posted on 06/01/2011 7:38:10 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: dynachrome; madison10

>>Only if you have a good emergency fund left (3-6 months) after paying off the card. My 2 cents<<

PAY OFF THE CARD FIRST! It is the most expensive debt you have — having cash that gains no interest while you toss tons of money into what is, for you, useless interest makes no sense.

You can build up later — you are starting a hole and need to get out of that hole before you can build a hill.


93 posted on 06/01/2011 8:29:11 PM PDT by freedumb2003 (Herman Cain 2012)
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