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To save more or pay down debt???

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  #21  
Old 07-19-2009, 12:05 AM
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  #22  
Old 08-20-2009, 12:27 AM
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why do you have so much money in cds when you have that much debt. Even though your making interest on your saving, your debts is much higher interest. If it were me i would use my savings to pay off the car and credit card first so there is no debt and money is not being lost. I beleive that at an interest rate of 3% that is just enough to keep up with inflation in the long run. At my bank, if you put 10,000 into a cd its also better rates than two individual accounts.
 
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