If you were down to 3k, would you borrow 2k just to have more savings? That’s what you’re doing now
Yes yes yes yes yes yes yes yes yes yes
Yes.
Yes
Always pay off credit card interest. It’s not meant to work like that! Treat it as a 30-day interest-free loan, use their cash for 30 days and earn cash back. If you’re carrying a balance, clear it and don’t use it again
I appreciate this question since I had a similar one a while back.
Yes, use savings to pay off your card and your boyfriend.
People have savings accounts for emergencies. This helps avoid living paycheck to paycheck. Otherwise, why have savings except for major goals like a home or retirement?
Simple answer: yes
Yep.
100%
If your card isn’t on 0% APR, pay it off right away. Pay your boyfriend back later, but deal with that credit card debt first
Yes, for sure
Yes
Yes, pay off the credit card. And if you can’t pay it off monthly, stop using it
I’d focus on clearing the credit card to avoid hurting your credit score with interest. Talk to your boyfriend about possible payment options. From my experience, partners usually don’t want you raiding your savings unless totally necessary
Yes, I started paying down debt this year and used a finance tracker. I found I wasted about $1,000 on minimum payments when I could’ve just drawn from savings to clear it
Yep, pay it off and close that card
This is why savings accounts exist… for emergencies. Use savings to pay it off. CC interest is often much higher than savings account interest
Just settle that debt. You won’t worry about it and can focus on rebuilding your savings