Thom and Associates Financial Planners

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The faster it is paid off, the better your credit.the faster you can focus on saving money.the sooner you can enjoy one less stressor.However, paying it down fast may not be your primary goal. You may, instead, look to pay it down as cheaply as possible.The cheapest way to pay off your credit card debt isn't the same for everyone.It depends on your debt balance, the interest rates you are being charged and your current assets. Let's take a look at a few possibilities.Use Your SavingsIf you have a savings account, take a look at the amount of interest you're earning on that money. Now take a look at the amount of interest you're paying on your debt. If you're paying more than you're earning, consider cashing out your savings to pay off your deb