I have some left over student loans and some credit card debt. I wonder if I should just save that extra in case I need it for some unforeseen thing or just pay off the cards?
Its never a good idea to pay off debt with another debt. Credit Cards and Loans are debts. However given the situation if it were me, I’d pay off the credit cards asap. Hopefully you have the type of loan that you can repay after you graduate from college. If you have to pay it off that way then do what you need to do, however once its done, never do it again. You don’t want to end up in a worse financial hole. EDIT: btw, I don’t suggest cutitng up credit cards. Credit is a part of life. Just be responsible. Learn to trust yourself. It takes time learning how to be responsible with them but keep at least one credit card. One day you will need your credit to buy a home of your own or anything else that you want to do that requires credit. A lot of jobs nowadays pull up your credit check, its their way of seeing if you have a good credit score. They figure, good score…good employee. Its their cheap way of doing a background check.
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