We asked experts to pick a priority: Build savings, or pay off credit card debt. Most delivered an unequivocal response: Pay down the card debt, even if it means raiding your emergency savings.

With consistent effort, you can reduce your credit card debt in 24 months or less, free up financial breathing room, and build a stronger financial future. Whether you’re aiming to pay off $ ...

So while the general rule of thumb is to have three to six months' worth of savings ... off when you pay off a chunk of debt. And if you have a sudden emergency come up, then use a credit card ...

If you are too cash-strapped to save up six month's worth of expenses, Ariely says to build a small savings ... your credit score during a crisis Should you pay off credit cards with your stimulus ...

Should I pay bills with credit card or bank account? Compare both methods and find out which works best for you.

However, if you have high-interest debt, it may be better to pay that off first ... minimums and using rewards credit cards can help balance your debt and savings. Before prioritizing debt ...

Should you save for retirement, build an emergency savings account or pay off your debts? While all three of these financial goals are important, paying off credit card debt can jumpstart the rest ...

American consumers rely on their credit cards ... if your credit card balance has become really high. “If you have to pull from savings or draw down your checking to pay it off, this could ...

Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.

Liliana Hall was a writer for CNET Money covering banking, credit cards and ... repayment and savings is an important part of managing your finances for years to come. “Paying off debt and ...

How do you feel about people taking money out of savings to pay off credit cards? I have an emergency ... people regain control of their money, build wealth and enhance their lives.

Yet the reality is that not everyone is a fan of credit cards. If you do prefer to build your ... When you’ve paid off the loan, the funds will be released from the savings account to you.