No. of Recommendations: 0
Here's my situation. I have finally gotten my CC debt in under $5000 and am paying about $500 a month on it. I know right now that I will be taking a family vacation next April that will cost roughly $2000. I have about $1000 saved for it right now and will be making some extra $$ this fall to cover the rest.

My question is, should I take my $1000 that I have saved for the trip and put it toward my CC debt to pay it down, or is saving the $$ for the trip the right thing to do. I don't want to use my CC to pay for the trip - that's why I started putting money (tax returns, etc) aside for it. Once I am out of debt, I plan to start saving for a downpayment for a house.

I would appreciate any opinions, advice, etc.
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement