Pay off CC debt slowly or all at once? - I (29M) have ~9.5k in credit card debt left after having been aggressive the past couple months to paying it off. I’m on track to earn 120k+ this year on 1099. I’ve been of the thought of continuing my aggressive pay down and should be able to pay off this card by end the year, latest early next year.
However, I do have an emergency fund (in a HYSA) that has 24k in it. Does it make sense to pay off the debt all at once or continue the strategy I’ve been doing?
Note: I will be having to buy/lease a car this month as my current car just became not drivable.
Any advice is appreciated!
Edit: THANK YOU FOR THE INPUT EVERYONE! I took the funds out of my EF and paid off the card.Personal Finance
Pay off CC debt slowly or all at once? - I (29M) have ~9.5k in credit card debt left after having been aggressive the past couple months to paying it off. I’m on track to earn 120k+ this year on 1099. I’ve been of the thought of continuing my aggressive pay down and should be able to pay off this card by end the year, latest early next year. However, I do have an emergency fund (in a HYSA) that has 24k in it. Does it make sense to pay off the debt all at once or continue the strategy I’ve been doing? Note: I will be having to buy/lease a car this month as my current car just became not drivable.
Any advice is appreciated!
Edit: THANK YOU FOR THE INPUT EVERYONE! I took the funds out of my EF and paid off the card.
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