If you have credit card debt, do you build an emergency fund first or pay off the credit card?

Pay off credit card first.

Credit Card Debt = Your original Debt + Interest

It is always a good idea to pay back ur credit card debt so u dont have to pay all those interest

If you have credit card debt, do you build an emergency fund first or pay off the credit card?

I would pay off the credit cards first. Put everything you can into paying them off.

In the event of an emergency you can just charge again. Yeah, I hate that idea too but you may not have a choice.

From a financial standpoint, money in a bank only collects a 2-3%. Your credit card is charging you over 18%. To me it just doesn%26#039;t make sense to do it your way.

If you have credit card debt, do you build an emergency fund first or pay off the credit card?

In case you have not figured out already. The Credit Card is supposed to be your Emergency Fund.

Pay off the Credit Card and keep the Balance to less than 50% of your Credit AT ALL TIMES.