I’m so confuse and can’t sleep thinking about this (its now morning).. I have $3,500 debt on one cc that have 0 interest till October. I also have 4,500 debt on another cc that have interest of 5% till September this year. I have 10k savings. I earn $4,500 a month and 2,000 of those goes to my monthly bills (mortgage, utilities, cellphone). I can pay it all, but I want my emergency/savings to be at least 6 month of my monthly bills. I feel my problem is more behavioral since this debt is mostly impulse buy. I have upcoming paycheck this week (2,500) and was wondering if should put all of it on my cc or save? If I did put it in my cc, does it make sense to put it on the 3,500 debt just so I can pay the $1,000 left slowly? I have upcoming bills for my medical and also use the other cc with the 5% apr to auto pay my utility bills.
original posted by swt_decadent to r/personalfinance on Fri, 05 Apr 2024 15:33:50 GMT.