Early Retirement & Financial Independence Community - View Single Post - Should I pay off these pesky credit cards???

Dog · 01-13-2007, 02:26 PM

Hi Fed,

My DH is similar. He gets fixated on the number in savings account. Sometimes he will suggest making a smaller payment on the cc bill rather than transferring $ from savings to cover a month that may have had higher expenses. I remind him why we have money sitting in savings...to cover the unexpected expenses (just had to replace the water heater).
And, just think about how good it will feel to be deposit an extra $50 into your savings account each month. You may even be motivated to save more just to get your balance back where you want it to be. It's your call, but paying off the cc debt seems like the way to go.

01-13-2007, 02:26 PM	#13
Dog Recycles dryer sheets Join Date: Apr 2006 Posts: 264	Hi Fed, My DH is similar. He gets fixated on the number in savings account. Sometimes he will suggest making a smaller payment on the cc bill rather than transferring $ from savings to cover a month that may have had higher expenses. I remind him why we have money sitting in savings...to cover the unexpected expenses (just had to replace the water heater). And, just think about how good it will feel to be deposit an extra $50 into your savings account each month. You may even be motivated to save more just to get your balance back where you want it to be. It's your call, but paying off the cc debt seems like the way to go.