By you not paying off your credit card debt today and keeping $7000 in a savings account, you’re basically paying 26% apr (or whatever your credit card apr) for that. You should take $6,000 out and apply it to your credit card today and keep $1,000 in you’re emergency fund then start rebuilding your emergency fund.
Potential_Lock6945 t1_jdunxyf wrote
Reply to comment by [deleted] in Preparing to buy our first home by [deleted]
By you not paying off your credit card debt today and keeping $7000 in a savings account, you’re basically paying 26% apr (or whatever your credit card apr) for that. You should take $6,000 out and apply it to your credit card today and keep $1,000 in you’re emergency fund then start rebuilding your emergency fund.