Re: Paying Yourself vs. Paying Credit Cards
I agree. Pay off the credit cards FIRST... Add to the minimum. Remember your debt is also compounding so if a given credit card's interest is 14% - 15% you are getting a return. It may also be wise if you have savings to take all your savings out and pay off that outstanding credit card - it's like having an instant NON taxable income of 14% - 15% -- possibly even more. Remember you get no tax benefit from interest paid on credit card debt.
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