As a college student about to return to school from an internship, I saved up enough to be able to live off of savings for 5 months with a month of buffer (I'll be graduating at the end of the semester but wanted time to search for a job if need be). I also have a bit of a credit card balance. So I'm wondering: should I use my savings to pay off the credit card balance to not pay the interest (~18%) only to have to use the credit card later in the semester to make up for lack of savings -OR- should I just pay the minimum payment until I find a full-time job and adhere to the adage that it's good to have cash and gradually pay off the debts? If any repliers can include any sources or give their background on the matter that would be greatly appreciated! Thanks!
Submitted July 22, 2017 at 01:33PM by cmwest3 http://ift.tt/2eEevuo
