Investing vs Paying Credit Card Debt

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.  Compounding interest of revolving credit cards is one of the quickest ways to kill the momentum of savings.

And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards?

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