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wildwillyjones

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when I receive tax refund should l pay down credit cards or add to savings?

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Keep 1000 dollars in Saving as emergency fund,  rest goes toward the Credit Cards.

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If the interest rate on your cards

is higher than the interest rate on your savings, Then paying off the debt will save you more money. 

an emergenacy fund of 6 months to a years income in Savings and Available Credit should be your goal.  By paying off the debt you save on the interest as well as make that credit available in case of an emergency.  Just don't run up the balance again or the point is moot.

Good Luck  

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