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Author: Gannymeade Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308782  
Subject: Use Savings to Pay Off CC? Date: 4/19/2001 4:22 PM
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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.
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