Should I Wipe out My Credit Card Debt or Keep Money in Savings?

If your credit card has a high interest rate, I’d focus on paying it down first, but I wouldn’t empty your savings completely.

A good middle ground is to keep a small emergency fund for unexpected costs, then put extra money toward the card. Once the debt is gone, you can build your savings faster.

The exact split depends on your interest rate, savings amount, income, and how stable your job is. The main thing is not to pay off the card and then use it again because you have no cash left.