Investing vs Paying Credit Card Debt

If you've got savings and debt, should you use your savings to pay off your debt? Or is investing your savings a better plan?

Investing vs Paying Credit Card Debt Photo (cc) by Andres Rueda

If you carry a balance on one or more credit cards, you’re not alone. According to the Federal Reserve, nearly half of American families do, and nearly half of American families also have some sort of bank savings account. But ff you have savings, should you use that money to pay off your credit cards?

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