Save money vs pay off credit card balance

[Ravi860]

2023 economic crisis vastado ledo. So you guys saving more money vs paying credit card balance for time being so that you will have more cash reserve.

emantaru?

[areyentiraidhi]

cash is king in current market.

reduce expenses.

atleast pay off last stmt balance to avoid interest .

[HugoStrange]

23 minutes ago, Ravi860 said:

2023 economic crisis vastado ledo. So you guys saving more money vs paying credit card balance for time being so that you will have more cash reserve.

emantaru?

20% interest rate unde credit card pay cheyadame best option. 

[Pahelwan2]

Keep cash don’t pay off balances. Anni musestaru

[psycopk]

Nee credit card ee ga clear cheyi.. antaga avasaram ante vade balance transfer offer istadu

[kathiramdasu]

If you are investing that money and you are getting more than credit card interest payments, then don't pay off credit bill. If not , then pay off. 

[Sanjiv]

Don’t take bad advice of investing cc money.

cc companies don’t like me. No bills or balances ever and no interest payments.

they increase my limit frequently to entice me to spend but I don’t fall for their monkey business. I use credits cards but I pay off 110% before it is due and also setup automatic payments from savings accounts.

sometimes I overpay to annoy them and they send me a check for overpayment (spending their money on postage :). They don’t want to keep my money and use it for future payments but want me to spend their money and pay them interest. No happening.

[yemdoing]

12 hours ago, Ravi860 said:

2023 economic crisis vastado ledo. So you guys saving more money vs paying credit card balance for time being so that you will have more cash reserve.

emantaru?

Bad move … credit card full pay chesi , reduce expenses.