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. 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?

Comments

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2. or...you could just not borrow at all and not pay any interest, since you STILL have to pay TAXES!
3. @musicgeek3 hell yeah, i tore up my cards after that insane movie, pretty damn scary!
4. Hard concept for some to follow
5. either way ur failed. if u wanna win, balance both
6. Do you need soda? No. Do you need cable? No. Do you need the internet? Maybe? Figure out what you don't need and you'd be surprised at how much money you save.
7. The credit card is not bad. Remember that people get messed up when they don't pay the bill in full. Many card issuers have cash rewards, discounts, etc. I would be a fool not to use a rebate thrown at me. Remember IF YOU DON'T HAVE THE MONEY DON'T SPEND IT.
8. After I find a job, I will watch this video again. Thanks.
9. average american household has 4.5 credit cards or something.
10. lol his name is stacy hahaha