“How to get out of debt and save more money in 2020”
January 3, 2020
“…Goal #1: Paying down credit card debt
Credit card debt is the most expensive kind of debt — significantly costlier than borrowing money to go to college, buy a car or even purchase a house. The average credit card interest rate is 17.3 percent, according to CreditCards.com. People with poor credit or those who carry a balance on a retail credit card could be paying 25 percent or more…”
https://www.nbcnews.com/better/lifestyle/how-get-out-debt-save-more-money-2020-ncna1109456
I’d like to add not only should you pay off your debt you should have at least 5,000 in the bank — or under your mattress if you want cash on hand — just in case some kind of emergency happens. It would also works as a buffer in case a person get laid off or is fired. It’s always good to have something to fall back on.