Should I Use My Savings to Pay Off Credit Card Debt?
Credit card debt is rising in America. In fact, a report from LendingTree found that US consumers carry $925 billion in credit card debt as of the third quarter of 2022, which is up $38 billion since the beginning of the year. Paying off debt is an important financial step most Americans know they need to take, but figuring out how to do it is where most people struggle. But if you have money in savings, you may be wondering whether you should use it to shrink your card balances.... read more »