pay off credit cards or keep savings

Budget Stretcher > Budget Issues/Ideas > pay off credit cards or keep savings
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indianasmom Unregistered User (6/11/06 2:27 pm) Reply	pay off credit cards or keep savings I have run into about 4 months where I have had to charge rather large amounts to my credit cards. They were previously paid in full every month. The first thing was new tires($500) and the next was unplanned dental work...($912 and $636) in consecutive months and this was far more than my budget could handle. I have moderate savings of less than $1000, my finances are secure. Should I use all of my savings to pay as much of this down or continue to punish myself as I have been by pulling "extra" money from my flexible catagories to pay as much as I can on this unsecured debt? It will take about 4-5 months this way as long as nothing else happens. The interest rate is about 12-16% I think. Thanks for any advice!

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